British American Tobacco is planning to cut about 20% of its workforce as it moves forward…
Category: Finance
Student loan default rates surge, 1 in 5 borrowers now in default
Student loan defaults are up to a record high, with 9.5 million borrowers in default, meaning…
Apple and Nvidia vie for the position as the world’s biggest company: Which is the better buy now?
Nvidia has held the position as the world’s biggest company since about a year ago, when…
AAA national gas price tops $4 amid renewed US strikes on Iran
The AAA national average price for regular gas is back above $4 again amid the U.S.…
Iconic candymaker to lay off hundreds, move US headquarters out of New Jersey
Mars Wrigley signaled it will lay off hundreds of workers as it relocates its headquarters from…
World Cup helped drive strongest consumer spending growth in four years during June, Bank of America says
The World Cup is helping to boost consumer spending around the U.S. in June, with host…
Apple briefly overtakes Nvidia as world’s most valuable company amid AI investment doubts
Apple briefly passed Nvidia to become the world’s most valuable company on Friday as the tech…
MagSafe battery chargers recalled after reports of fires, burn injuries
More than 1,000 MagSafe battery chargers have been recalled over burn risks following reports of the…
Mortgage rates jump to highest level in almost a year
Mortgage rates rose this week to the highest level in nearly a year, mortgage buyer Freddie…
BMW recalls nearly 30K vehicles over engine starter defect that could cause fire
BMW is recalling nearly 30,000 vehicles over an engine starter issue that could pose a fire…
PetSmart’s only San Francisco store set to close as online shopping and same-day delivery reshape pet retail
San Francisco pet owners are set to lose access to one of the pet care industry’s…
Warren Buffett excludes Gates Foundation from his annual donations of Berkshire stock
Warren Buffett said that it didn’t come as a surprise when he told Bill Gates about…
Fed policymakers’ inflation worries weighed on rate cut outlook at Warsh’s first meeting
Federal Reserve policymakers are increasingly concerned about inflation, and the uncertainty about the direction it may…
Consumer inflation cooled more than expected in June as gas prices fell
This story about the June 2026 CPI inflation report will be updated with further details.Inflation pulled…
Housing affordability to improve as home price growth cools, Realtor.com forecasts
Housing affordability is expected to improve with the pace of home price growth slowing to a…
Why Americans are flocking to this Florida retirement hot spot
A community on Florida’s Gulf Coast has seen a large influx of new residents from the…
More Americans are relying on credit cards to buy groceries, new study finds
American families are increasingly being pushed past their financial limits at the grocery checkout counter, turning…
Consumers shouldn’t expect prices to fall anytime soon, top economist warns
American consumers hoping for a swift end to years of inflationary pressures are facing a harsh…
California city pushes for drive-thru ban after neighbors sounded alarm over burger chain’s proposed addition
A California city is weighing a ban on drive-throughs after some residents expressed concern that a…