Starbucks to cut 300 US jobs, close some regional support offices
Coffee giant Starbucks is slashing about 300 U.S. support roles and closing some regional support offices. “We are taking further action under the Back to...
Author : Robert B. Hambrick
Social Security recipients could see a bigger cost of living adjustment in 2027 as inflation rises
Social Security beneficiaries are expected to see a larger cost-of-living adjustment (COLA) next year amid rising inflation, according to new reports. An analysis by The...
Inflation continued to rise in April as Iran war impacted energy prices
Inflation surged in April as consumer prices rose amid the impact of the Iran war on the energy market and broader economy. The Bureau of...
Saudi Aramco CEO warns oil markets may not recover until 2027 due to Hormuz disruptions
The CEO of Saudi Arabia’s state-owned oil company is warning that the energy sector will take time to recover from the Iran war’s impact on...
Americans lean on credit cards and buy now, pay later as gas prices eat bigger share of income
American household budgets are under pressure from higher gas prices and new data shows that consumers are turning to credit to cushion the blow of...
Nike faces class action lawsuit accusing it of pocketing tariff refunds while charging consumers more
Nike is facing a new class action lawsuit accusing the company of failing to refund tariff-related costs it passed on to consumers through higher prices....
ChatGPT boom fuels a luxury housing frenzy in Bay Area
The artificial intelligence (AI) boom has caused a surge in luxury real estate prices in the Bay Area, although more affordable areas in Silicon Valley...
US economy added 115,000 jobs in April, beating expectations
The U.S. economy added jobs at a modest pace in April amid uncertainty surrounding the impact of conflict in the Middle East on the labor...
Gas price surge hitting low-income households hardest, Fed study finds
A new report by the Federal Reserve Bank of New York finds that the recent rise in gas prices has affected households very differently based...
Tesla recalls more than 218K vehicles over rearview image issue that poses crash risk
Tesla is recalling more than 218,000 vehicles because of delayed rearview camera images that could increase the risk of a crash, the National Highway Traffic...