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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Southwest Airlines on Friday began flying its first jetliner built with a secondary flight deck barrier designed to prevent intrusions in a design change that’s been in the works since the Sept. 11, 2001, terror attacks. The airline took delivery of a Boeing 737 Max 8 in recent days that…
After filing for bankruptcy less than a year ago, Spirit Airlines is going through the same process again after a failed reorganization of the struggling discount airline, the company said Friday. The airline’s President and CEO, Dave Davis, wrote in an open letter to customers that the Chapter 11 restructuring…
President Donald Trump on Friday requested that a federal judge deny a request by Federal Reserve Governor Lisa Cook to prevent the president from firing her, as the court proceedings in the lawsuit to block her removal play out. Trump on Monday moved to fire Cook over mortgage fraud allegations raised…
The Federal Reserve’s preferred inflation gauge showed that inflationary pressures remained elevated in July, as the central bank mulls an interest rate cut at its meeting next month. The Commerce Department on Friday reported that the personal consumption expenditures (PCE) index rose 0.2% from a month ago in July and remained at…
Mortgage rates fell to a 10-month low, 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 fell to 6.56% from last week’s reading of 6.58%.The average rate on a 30-year loan was 6.35% a…
The U.S. economy grew at a faster rate than previously thought in the second quarter after the Commerce Department released its first revision of real gross domestic product (GDP) growth for the latest quarter. The Bureau of Economic Analysis (BEA) released its second estimate of Q2 GDP, which showed the economy…
Cracker Barrel’s attempt to rebrand its corporate logo spurred a viral backlash, prompting the company to backtrack. It occurred as the company’s leaders were attempting to address the restaurant chain’s weakening financial performance. The company’s stock surged in the years prior to the pandemic, reaching an all-time high of $185…
The viral controversy over Cracker Barrel’s decision to revamp its logo, which it has subsequently reversed in response to public backlash, has left the company’s CEO facing calls for her removal. Cracker Barrel CEO Julie Felss Masino joined the restaurant chain as CEO in July 2023 and the company’s board of directors…
The stakes are high for Nvidia, the world’s most valuable company, ahead of its quarterly results that are due Wednesday after the closing bell. With the stock up 35% this year, a big move post-earnings could mean active trading in many exchange-traded funds. The chipmaker, often viewed as the poster…
Five new Amtrak trains will begin rolling out between Washington, D.C., New York and Boston at top speeds of 160 miles per hour starting Thursday. The inaugural NextGen Acela ride is taking off from Washington’s Union Station, where the U.S. Department of Transportation is planning to reclaim management to “restore…
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