Walmart & Target don’t like inflation either
🍉 Target & Walmart reported earnings this week and cited inflation as the primary reason for rapidly increasing costs.
Walmart mentioned an overstaffing issue in the same wavelength as Amazon previously reported as well, Target referenced a $1 billion transport bill with supply chain delays. Both large retailers are likely to transfer some of the bulk of the costs to consumers.
McDonald’s is launching a $5 Meal Deal in the U.S. to attract customers amid rising inflation.
U.S. retailers are gearing up for a cautious but steady holiday season, focusing on mid-range price items, according to a CNBC Supply Chain Survey.
A few years back, Hertz took a bold step by purchasing 30,000 Teslas, aiming to electrify 20% of its rental fleet.
The number of Americans filing for jobless benefits dropped last week, undoing nearly half of the previous week's spike.
Say goodbye to free soda refills at McDonald's, a move that's stirring up more than just the ice in customers' cups.
McDonald's is reportedly gearing up to introduce a $5 meal deal, aiming to attract customers who felt priced out by recent hikes.
In response to pushback from conservative activists, Target has decided to limit the in-store availability of its Pride Month Collection to roughly half of its 2,000 stores.
A recent survey by asset management firm Schroders revealed that only 4% of retirees feel they are "living the dream," while another 4% are "living the nightmare."
California's reputation for high living costs is well-known, but a recent report from Forbes Advisor highlights other areas across the United States that can put a strain on your wallet.
Sweden, known for its social equality and high taxes, is now home to a growing number of super-rich individuals.
Meredith Whitney, the once-celebrated financial forecaster, is eyeing a potential game-changer for the U.S. economy, and it doesn't involve government spending.
Imagine pumping nearly $1 trillion into the U.S. economy without adding a cent to the national deficit.
On Friday, Federal Reserve officials breathed a sigh of relief as April’s job data revealed a cooling in wage growth and hiring rates that hark back to pre-COVID-19 days.
A proposed bill, dubbed the Fair Compensation for Truck Crash Victims Act, could significantly impact the trucking industry by raising the minimum liability insurance from $750,000 to $5 million—a hefty 566% increase.
XPO Logistics started 2024 on a high note, surpassing first-quarter forecasts and demonstrating robust financial performance.
In the face of soaring interest rates, many U.S. homebuyers are opting for adjustable rate mortgages (ARMs) as a more affordable alternative to traditional fixed-rate mortgages.
Costco, the membership-only warehouse chain, has significantly expanded across the U.S., boasting over 600 locations.c
The average net worth for older Americans might seem high, but this number is skewed by wealthier individuals.
Phil Yeager, the CEO of Hub Group, highlighted ongoing financial pressures during the company's recent earnings call, pointing to a soft market mainly caused by an excess of truckload capacity that hasn’t yet exited the industry.
Across the United States, municipal governments are tightening their belts as the financial support from the pandemic era fades and inflation persists.
Landstar System, a logistics company, shared a mixed bag of results in their recent earnings call, staying optimistic despite a tough market.
The ultra-wealthy, those with a net worth exceeding $100 million, adopt investment strategies that set them apart from typical investors.
In 2023, the average monthly electricity bill for U.S. homes nudged up by 2% to $138, which was actually less dramatic compared to the overall inflation rate of 4.1%.
Two more insurance providers, Tokio Marine America Insurance Co. and Trans Pacific Insurance Co., are set to exit the California insurance scene.
Following California's new $20-an-hour minimum wage law that kicked in on April 1, fast food joints across the state have bumped up their menu prices.
J.B. Hunt Transport Services didn't quite hit the mark this quarter, with earnings per share landing at $1.22, below the expected $1.50.
In recent years, Americans have adjusted their retirement savings targets significantly.
The Biden administration has committed up to $6.4 billion to help Samsung Electronics set up a major computer chip manufacturing hub in Texas.
The Federal Reserve Bank of New York is enhancing its supply chain data tracking with new "Supply Availability Indexes."