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Investing

As Joann Fabrics and JCPenney announce store closings, here’s what’s driving the pattern

The new year for brick-and-mortar retailers is picking up right where 2024 left off, as a slew of stalwart brands are set…
Investing

Denny’s set to close dozens more locations this year, though some openings planned too

Breakfast specialists Denny’s will accelerate planned store closures in 2025 amid continued consumer shifts toward preferences for fast-food and take-out options. On…
Investing

As Trump eyes more tariffs, South Korea remains safe haven for GM and Hyundai

DETROIT — As President Donald Trump threatens to further increase tariffs on U.S. trading partners, the greatest impact for the auto industry outside of North…
Investing

Retail sales slumped 0.9% in January, down much more than expected

Consumers sharply curtailed their spending in January, indicating a potential weakening in economic growth ahead, according to a Commerce Department report Friday….
Investing

Grocery stores are rationing eggs as supply falls and prices rise

Egg rationing is here. With prices rising rapidly and showing no signs of slowing anytime soon, some of the nation’s biggest grocery…
Investing

As retailers drop DEI programs, Black founders could face obstacles to staying on shelves

Fragrance brand Brown Girl Jane’s perfume bottles sit on shelves at Sephora near some of the most storied labels in the fashion…
Investing

How America’s chief consumer-protection agency came into the Trump administration’s crosshairs

When the Consumer Financial Protection Bureau made an appearance in the Heritage Foundation’s Project 2025 blueprint, the conservative group’s plan was simple:…
Investing

Tariffs would be ‘catastrophic’ for sales of tequila and mezcal, industry group says

The U.S. spirits industry maintained its market share leadership over beer and wine for a third straight year in 2024, even as…
Investing

With Trump all-in on crypto, bitcoin bulls bet America’s corporate balance sheets are next

Last week, White House crypto czar David Sacks held his first press conference to discuss the future of crypto policy coming out…
Investing

AI-powered sports media company raises $13 million, led by Alexis Ohanian and Giannis Antetokounmpo

ScorePlay, an artificial intelligence service for sports clips, has raised $13 million in series A funding, the company announced Tuesday. The sports…
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