Hibbett Sports closing 175 locations as parent JD Sports cuts costs

Hibbett Sports will close 175 stores around the U.S. over the next three years as its parent company, JD Sports, looks to reorganize its footprint. JD Sports acquired Hibbett in 2024 in a deal valued at around $1.1 billion, with the acquisition viewed as enhancing JD’s presence in the North…

Gas-X recall issued after machine coolant leaks into capsules, FDA says

Gas-X capsules sold across the country are being recalled over potential chemical contamination because of a machine leakage during packaging, according to the Food and Drug Administration. Haleon issued a voluntary recall last week after discovering that the medication may have been contaminated with a coolant when a machine leaked…

American Airlines suspends 6 routes amid Iran conflict fuel costs

American Airlines is temporarily suspending six domestic routes this summer as elevated fuel costs linked to the Iran conflict continue to pressure carriers across the airline industry.  The major air carrier said the affected routes will be paused only during August and September and emphasized that no routes are being…

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Zillow reveals hottest rental markets for summer 2026 across the U.S.

Americans around the country continue to face a tight housing market and a new report breaks down the hottest rental markets with summer fast approaching. An analysis by Zillow finds that the majority of the nation’s most in-demand rental markets will be found in the Northeast and California this summer…

Americans split on Social Security reform as 2032 insolvency looms

Social Security is projected to become insolvent in 2032 and trigger automatic benefit cuts according to the most recent estimates, and Americans are split on the best way to reform the entitlement program to secure its future, a new poll finds. The Ronald Reagan Institute’s Reagan National Economic Survey, reviewed…

NYC hotel costs poised to climb following historic union contract

New York City hotel rates could climb even higher after hotel owners signed what industry officials describe as the most expensive union contract in the industry’s history, locking in major wage increases for workers while raising affordability concerns for travelers and smaller hotels. The agreement, reported by The Wall Street…

Americans want to make it easier to build in their communities, poll finds

Americans remain optimistic about the country’s ability to harness innovation and think it should be easier to build things in America, while they’re also skeptical about the government’s role in solving the issues confronting the nation, a new survey finds. The findings of the Ronald Reagan Institute’s Reagan National Economic…

5 housing markets where home price cuts are most common right now

The housing market remains hot in much of the country, with rising prices creating affordability concerns for would-be buyers – though some markets are seeing sizable amounts of price cuts over the last month. Data from Realtor.com found that nationally, the share of active listings that carry a price reduction…

Guzman y Gomez permanently closes all 8 US restaurants in Chicago area

Guzman y Gomez Mexican Kitchen, an Australian-born Chipotle rival that once planned to open hundreds of U.S. locations, has abruptly closed all of its American restaurants after six years in the Chicago area. “All GYG USA restaurants permanently closed,” a message on the company’s U.S. website says. “Effective from May…

Memorial Day grilling prices surge as beef, hot dogs and veggies cost more

Americans who are planning to grill this Memorial Day weekend are likely to see prices notably higher for a number of barbecue staples as persistent inflation squeezes household budgets. The Bureau of Labor Statistics’ most recent consumer price index (CPI) inflation data from April showed that prices have risen significantly…

Kevin Warsh sworn in as Fed chair at White House

Kevin Warsh was sworn in as the new chair of the Federal Reserve by President Donald Trump in a ceremony at the White House on Friday. The 56-year-old Warsh previously served at the Fed as a member of its Board of Governors from 2006 to 2011, and became the youngest-ever…

AI automation anxiety grows as expert warns jobs face pressure in 5 years

VANCOUVER – As the AI revolution continues to rapidly expand throughout the corporate world, many employees are facing “automation anxiety” that their job may be replaced by technology.  Speaking on Centre Stage at Web Summit Vancouver, Kyle Hanslovan said, “I think many will be pressured in the next five years,…