inflation
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Business
Temu owner’s shares plummet 30% as fast-fashion competition intensifies
Shares of Temu parent PDD Holdings dropped nearly 30% on Monday after the Chinese e-commerce giant warned its revenue will…
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Business
Federal Reserve Chair Jerome Powell says ‘the time has come’ to cut interest rates
Federal Reserve Chairman Jerome Powell signaled he is finally ready to start cutting interest rates, saying he believes the central…
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Business
Subway to launch $6.99 footlong deal next week
Subway is launching a $6.99 footlong deal on Monday – joining the value menu wars to draw back inflation-battered customers…
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Opinion
To find the real Kamala Harris, look to her last campaign
Who is Kamala Harris? What does she believe? It’s hard to know. She won’t take questions from reporters. Instead, she…
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Business
CNBC host slams Warren over defense of price-gouging ban
CNBC “Squawk Box” co-anchor Joe Kernen pushed back on a proposed price gouging ban during a testy interview with Sen.…
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Opinion
Kamala’s price-gouging backtrack is blatant gaslighting
Kamala Harris is backpedaling again, this time on her plan to ban “price gouging.” Sources “familiar” with Harris’ “thinking on…
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Business
Most Federal Reserve officials ready to cut rates in September if inflation keeps cooling
Most Federal Reserve officials agreed last month that they would likely cut their benchmark interest rate at their next meeting…
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Business
Target sales surge as customers flock to low-cost retailers
Target’s earnings and revenue beat Wall Street’s forecasts in the latest sign that shoppers are flocking to discount chains as…
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Business
Starbucks losing customers thanks to high prices, long lines, culture wars
Coffee lovers are turning their backs on Starbucks — and there’s no easy fix for the coffee giant to restore…
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Business
Kroger to slash grocery prices by $1B after Albertsons acquisition
Grocery giant Kroger pledged to slash prices at Albertsons stores by $1 billion following its proposed acquisition of the rival…
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