Self-checkout machines now ask for tips in latest squeeze on customers
Some companies are benefiting from introducing a new tipping option at self-checkout machines, leaving customers surprised and feeling obligated to leave a tip.
Sweetgreen changes name of chicken burrito bowl, two days after Chipotle sues
Sweetgreen announced it will rename its new menu item, the Chipotle Chicken Burrito Bowl, to Chicken + Chipotle Pepper Bowl after Chipotle Mexican Grill sued the fast casual restaurant chain in a California Federal Court for violating their trademark rights.
Honda recalls 564,00 CR-Vs
Automaker Honda is recalling 564,00 CR-Vs in cold weather states because road salt can cause the frame to rust and rear suspension parts to come loose and fall off.
McDonald's shares hit all-time high
Shares of McDonald’s are extending gains after closing at a record high on Thursday following analyst upgrades.
Consumer confidence rebounds amid inflation, bank crisis
A survey from the Conference Board on Tuesday showed the Consumer Confidence Index went up in March, rising to 104.2 from 103.4 in February.
FCC adopts first rules cracking down on text messaging scams
The Federal Communication Commission (FCC) announced its first regulations that specifically target robotext messages used to promote phishing links and install malware.
Tesla hit with antitrust class action lawsuits over monopolization of repairs, replacement parts
Tesla is facing a pair of class action lawsuits that accused the company of making it more difficult for drivers to seek maintenance or replacement parts from independent repair shops.
Bitcoin slides on Silvergate fallout
The price of bitcoin is down on Thursday after another cryptocurrency exchange, Silvergate Capital, prepares to liquidate following a $1B quarterly loss and dip in digital asset demand.
Jobless claims rise sharply to highest level since December
Applications for U.S. unemployment benefits last week climbed to the highest level since late December, pointing to some softness in the labor market.
Snacking frenzy pushing Campbell’s Goldfish to $1B brand
Campbell Soup Company delivers on quarterly earnings and beats Wall Street expectations on 2023 guidance despite ongoing inflation and threat of recession.
Tesla under investigation; steering wheels falling off
Tesla is under investigation by the National Highway Traffic Safety Administration after complaints steering wheels for the Model Y vehicle have fallen off.
Macy’s earnings beat Wall Street on less promotion and 'strategic markdowns'
Macy’s beat Wall Street analysts’ predictions for sales and revenue over the fourth quarter and full year 2022.
Dollar Tree profits from raising prices above $1 level
Retailer Dollar Tree beat Wall Street analysts’ expectations in their fourth quarter and fiscal full-year 2022 earnings report after raising price points in stores.
Target CEO gives cautious outlook after sales, profits improve
Target reported an increase in sales and revenue for the fourth quarter but CEO Brian Cornell is not as optimistic about the current environment.
Consumers reported losing nearly $8.8 billion to scams in 2022: FTC
The Federal Trade Commission released data showing that American consumers reported losing $8.8 billion to scammers in 2022, an increase of more than $2 billion from a year ago.
Walmart curbs losses despite company’s ‘cautious’ 2023 outlook
The worlds largest retailer, Walmart, lowered its economic outlook on concerns about margins as consumers shop for bargains in a high inflationary environment.
Wall Street awaits Walmart’s inflation update
Walmart earnings ahead of the opening bell on Wall Street Tuesday expected to be inflation barometer as company calculates consumer staple sales from quarter.
Disney-themed Mickey Mouse, Buzz Lightyear, and other figurines recalled due to choking hazard
A collection of Disney-themed vinyl figurines are being recalled because their detachable body parts pose a choking hazard to children.
How Bed Bath & Beyond sidestepped bankruptcy… for now
Bed Bath & Beyond raising $1 billion, closing store locations in U.S. and Canada, and implementing other cost reductions to elude bankruptcy.
Energy Department proposes tighter efficiency standards for gas, electric stoves and ovens
The Department of Energy on Wednesday proposed new energy efficiency regulations for gas and electric stove appliances, saying it's not a ban.