After two great inflation numbers where the level of both consumer and producer prices actually declined in June from the prior month, reported out Tuesday and Wednesday, today we get another big number this time on retail sales — also known as consumer spending. Core sales have risen 8 percent…

Ikea shoppers in Charlotte and Austin will soon have fewer options for home design consultations and pickup services. The Sweden-founded retail giant is closing its South Charlotte and Austin-Domain, Texas, “Plan & order point with Pick-up” locations on Aug. 30, 2026, according to notices posted on the company’s website.The smaller-format…

JPMorgan Chase CEO Jamie Dimon on Wednesday said there is still a lot of uncertainty over how AI will impact the workforce and people shouldn’t be “breathless” in their concerns as new technologies have historically created new jobs. Dimon said in a conversation with Sen. Dave McCormick, R-Pa., at the…

General Mills is pulling more than 735,000 Pillsbury bread rolls from shelves due to concerns the products may contain glass. The recall affects certain frozen Pillsbury bread rolls, including “Hard Roll Dough” and “Kaiser Roll Dough” products, according to a recall report shared by the Food and Drug Administration (FDA).The…

The parent company of 7-Eleven convenience stores shed more light on its plan to close hundreds of stores in the U.S. this year. Parent company Seven & i Holdings indicated in a filing earlier this year that it planned to close 645 7-Eleven stores in the company’s fiscal year 2026.Seven…

close video Mortgage rates rose this week to the highest level in nearly a year, mortgage buyer Freddie Mac said Thursday. Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed the average rate on the benchmark 30-year fixed mortgage climbed to 6.55% – the highest level since August 2025…

Fossil Group plans to close up to 15 stores this year as the watch and accessories company continues trimming its global retail footprint under a broader turnaround plan focused on costs, profitability and balance-sheet strength. Executives for the Richardson, Texas-based company said on Fossil’s first-quarter earnings call that the company…

With the American merchant fleet down to fewer than 190 flagged vessels from a high of nearly 3,000 in the 1960s, a critical national security gap has left the U.S. heavily reliant on foreign shipbuilders. To help reverse this decline, JPMorgan Chase announced Wednesday it is injecting $24 million into…

JPMorgan Chase Chairman and CEO Jamie Dimon is validating the growing frustration of working-class Americans, admitting in a recent interview that he completely understands why many have grown “anti-rich.” The Wall Street billionaire argued that decades of ineffective public policies have left lower-income families behind in struggling rural areas and…

Treasury Secretary Scott Bessent announced Wednesday that the U.S. Mint will begin striking a new $1 gold coin featuring President Donald Trump to mark America’s 250th anniversary. Bessent said in an X post that the coin will honor “the enduring legacy of liberty” and serve as a “lasting symbol of…