Target quarterly results fall as holiday discounts and dockworker strike hit profits
Target etched out a slim sales increase in the third quarter and profits slumped as inflation-weary customers pulled back on spending and costs related to a dockworker strike in October dragged on results.
Asset management giant buys Jersey Mike's sandwich chain
Asset management firm Blackstone will become the majority owner of sandwich chain Jersey Mike’s in a deal that values the company at a reported $8 billion.
Map: How much of a restaurant worker's income comes from tips
Restaurant employees rely on the kindness of customers when it comes to tips, which can make up a sizable portion of their take home pay based on findings in a new report.
America’s casual dining ‘heydays are over’ as experts reveal next restaurant chains to rise and fall
With several casual restaurant chains facing financial hardships, experts are weighing in on what this could mean for the industry.
How much you need to make to afford a single-family home in most US cities
Housing costs rose to record numbers in 2024.
Credit card debt surges to another record high, New York Fed data shows
Americans' debt balances grew across the board, but Fed researchers voiced 'concerning' growth in auto and credit card delinquencies.
Hard times fall on the Howell Nature Center, but hope has not been lost
The beloved Howell Nature Center, known for celebrating wildlife and educating the public, has fallen on hard times, but staff have not lost hope.
Advance Auto Parts closing over 700 locations following sluggish performance
Advance Auto Parts will close over 700 locations, including corporate stores and independently-owned locations, as part of a financial restructuring effort.
Boeing issues layoff notices as aerospace giant cuts 17,000 jobs
Boeing announced that it will lay off 10% of its workforce in the coming months and cut its production in the wake of a labor union strike.
Red Lobster's new menu ditches endless shrimp, but fan favorite returns
Red Lobster recently revamped its menu bringing back these popular food items to its restaurants.
23andMe announces workforce cut of 40% before the holidays
DNA site 23andMe is now announcing a big cut just before the holidays – the latest setback for the struggling South San Francisco startup.
80,000 pounds of Costco butter recalled for lacking disclaimer about milk
The recalled 46,800 pounds of butter “list cream, but may be missing the Contains Milk statement," according to the FDA.
American Freight closing all stores amid parent company's bankruptcy filing
The furniture and appliance retailer is shuttering all of its locations and kicking off store closing sales as part of Chapter 11 bankruptcy proceedings by its parent company.
Nissan to cut 9K jobs, reduce CEO's monthly pay by 50% as company faces 'severe situation'
Nissan President and CEO Makoto Uchida volunteered to immediately begin forfeiting half of his monthly compensation, and other executive committee members also volunteered to take pay cuts.
Tyson Foods under investigation by Department of Labor over child labor claims
The Department of Labor received two separate tips that minors were possibly working at two Tyson Foods plants in Arkansas.
TGI Fridays files for bankruptcy, COVID-19 pandemic blamed for financial woes
TGI Friday's has filed for Chapter 11 bankruptcy protection.
IRS increases 401(k), other retirement plan contribution limits for 2025
The IRS has updated its eligibility thresholds and contribution limits for 401(k), IRA and other retirement accounts.
Wendy's closing 140 more restaurants, but will open other locations
The Ohio-based burger chain plans to open more than 200 restaurants this year to offset the closings of the other locations.
McDonald's infamous ice cream machines get a long-awaited fix
The days of broken ice cream machines at McDonald's may finally be behind us.
PepsiCo is closing 4 bottling plants and cutting nearly 400 jobs
The company's plant closings will impact workers in Cincinnati, Chicago, Atlanta, and Harrisburg, Pennsylvania.