Pharmacy chain Rite Aid closed all of its locations after filing for bankruptcy twice in less than two years. The retailer posted a brief announcement on its website.”All Rite Aid stores have now closed,” the site states. “We thank our loyal customers for their many years of support.” The website…
I saw a lot of socialist experiments in Latin America and the results weren’t pretty. If Americans want to see how badly socialism works, they don’t have to go far. Beginning with Cuba’s Fidel Castro in 1959, socialism has a dismal history of failure throughout this hemisphere. While socialist revolutionaries…
A recently completed stock deal saw OpenAI’s valuation surge to $500 billion and become the world’s most valuable private company, according to a report. Current and former OpenAI employees sold about $6.6 billion in shares to a consortium of investors that included Thrive Capital, SoftBank, Dragoneer Investment Group, Abu Dhabi’s MGX…
Federal investigators are examining a crash in which two Amazon Prime Air delivery drones struck a construction crane in Tolleson, Arizona, a city west of Phoenix, on Wednesday. Tolleson police said the morning crash occurred in a commercial area near 96th Avenue and Roosevelt Street, according to FOX 10 Phoenix.The…
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A partial government shutdown began on Wednesday with Republicans and Democrats at an impasse over spending levels, which has increased uncertainty…
A listeria outbreak affecting certain recalled prepared meals sold at Trader Joe’s and Walmart has led to four deaths as well…
Some of the world’s wealthiest investors are using exchange-traded funds to access commodities, cryptocurrency and artificial intelligence. “We tend to…
A listeria outbreak affecting certain recalled frozen meals sold at Trader Joe’s and Walmart has led to four deaths as well…
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Mortgage rates rose this week, 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 increased to 6.34% from last week’s reading of 6.3%. The average rate on a 30-year loan…
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Café L’Europe, one of the oldest buildings in St. Armands Circle, in Sarasota, Florida, has been flooded four times in the past 18 months. “That last one from Helene completely wiped out the restaurant. Every piece of equipment is ruined… It was gut-wrenching,” John Horne, CEO of Oysters Rock Hospitality,…
Lowe’s plans to provide millions in financial support to small businesses in North Carolina that were hit hard by Hurricane Helene, helping them recover during the holiday season after federal relief temporarily dried up. The $2.5 million fund will provide grants directly to small businesses in the state. It will…
Several Wall Street banks are pitching President Donald Trump about handling the initial public offering (IPO) of Fannie Mae and Freddie Mac, sources told FOX Business Network’s Maria Bartiromo. Bartiromo reported Friday morning on “Mornings with Maria” that, “Wall Street banks are cozying up to President Trump right now because they want…
The Prince George’s County council in the state of Maryland recently voted 10-0 in favor of enacting a measure limiting how densely convenience stores can be packed together in the area. Council Member Krystal Oriadha said in October that there is a problem with “overconcentration” of the stores.”They call themselves…
Warren Buffett is helping revive shares of beleaguered UnitedHealthcare Group after taking a $1.6 billion stake in the company, according to filings with the Securities and Exchange Commission. UnitedHealth shares are on pace for the best one-day percentage gain since 2008, as tracked by Dow Jones Market Data Group. Still,…
Florida oranges are harder to come by after recent hurricanes impacted production at farms across the state. The U.S. Department of Agriculture predicts the state’s citrus season, which runs from October to June on average, will be worse than last year.Florida is expected to produce 12 million 90-pound boxes of…
The anticipation of Donald Trump returning to the White House sparked a surge of optimism on Main Street, according to multiple post-election surveys. The National Federation of Independent Business’ (NFIB) latest Small Business Optimism Index jumped 8 points to 101.7 in November, with the election results indicating a significant shift…
America’s small business owners are feeling better about the economy than they have in six years, in anticipation of President-elect Trump returning to the White House. The National Federation of Independent Business’ (NFIB) latest Small Business Optimism Index jumped 3.4 points to 105.1 in December, the highest reading since October…
As consumers around the U.S. have eased into 2025 with a month-long commitment to refrain from alcoholic beverages, some are contemplating keeping a lack of spirits alive in February and beyond. Among some of the most popular alcohol-free beverages are virgin mojitos and piña coladas, booze-less seltzers and zero-proof canned…
A Long Island-based liquor brand drew inspiration from a 1975 crime-ridden New York City to introduce consumers to a dark and gritty yet refined product that was unique among spirits. In a propaganda campaign, plainclothes New York law enforcement officers approached tourists with pamphlets titled “Welcome to Fear City: A…
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