Walmart CEO Doug McMillon weighs in on inflation impact on food prices
Walmart CEO Doug McMillon talked about what the retail giant is seeing in terms of inflation for certain categories during a CNBC interview this week.
Putin accuses West of 'robbery' through sanctions in national speech on flagging economy
Russian President Vladimir Putin accused the West of "robbery" operating under the guise of international sanction as penalties bite Moscow's economy.
Union Pacific railroad shipping embargoes raise complaints
Some federal regulators and shippers are raising concerns about Union Pacific's decision to temporarily limit some businesses' shipments by using embargoes.
Energy watchdog finds fossil fuel plant shutdowns creating long-term vulnerabilities to US electric grid
The annual long-term assessment of the nation's grid from the North American Electric Reliability Corporation showed that much of the country is facing widespread shortfall risks.
Over 30K Good Matters candles recalled for burning at 'higher than usual temperatures,' causing fire hazard
Good Matters Three-Wick candles are being recalled Thursday after the Consumer Product Safety Commission reported they could become fire and laceration hazards.
NFL star Bobby Wagner looks to help fans get the 'perfect present' this holiday season
Los Angeles Rams star linebacker Bobby Wagner will help deliver on the "perfect present" by partnering with Bud Light for a contest during the holiday season.
Goldman Sachs considering cutting bonuses by 40%: report
Goldman Sachs may cut the bonus pools for 3,000 investment bankers by at least 40%, the highest cut since the 2008 financial crisis, according to a new report.
Walmart drone delivery launches in Florida, Texas, Arizona markets
Walmart has been working with national drone services provider DroneUp since 2020 when it began trialing deliveries of at-home COVID-19 self-collection kits.
Canada revokes Nord Stream sanction waiver despite European energy woes
Canada has revoked a temporary sanction waiver issued to allow repairs to the Nord Stream pipeline and said Putin showed no intention of getting the pipeline back up and running.
COVID haunting the way investors view the stock market: Adam Johnson
Adviser Investments portfolio manager Adam Johnson explains why he's still bullish despite the market downturn, telling 'Varney & Co.' the pendulum of negativity has swung too far.
Retail sales slow as consumers spend less in November
The Census Bureau reported that American shoppers spent less in November on retail and food services as high inflation continues to weigh on the sector.
The $300,000 Cadillac Celestiq is essentially sold out until 2025
Cadillac has more interested customers for its $300,000 Celestiq electric car than it can satisfy for the first 12 to 18 months of production.
Retail sales expected to ‘get worse’ in 2023: Stacey Widlitz
Stacey Widlitz, the founder of SW Retail Advisors, reacts to November’s retail sales coming in worse than expected at a 0.6% decline on ‘Mornings with Maria.’
House Democrats want their 'last hurrah' to be adding $2T to US deficit: Rep. Dan Meuser
Rep. Dan Meuser, R-Pa., says Republicans who support the lame-duck omnibus bill are 'just wrong.'
Affording gifts during the holidays has become more difficult for many Americans, poll finds
Affording gifts during the holidays has become more challenging this year for many Americans, according to a recent poll, as the U.S. deals with inflation.
Traditional retail stocks are kicking Amazon's butt
Consumers are back in shopping centers as traditional retail stocks rebound on Wall Street while outperforming Amazon, Overstock and eBay.
Fusion industry suddenly white-hot after US lab breakthrough
Nuclear fusion firms see a flurry of investment after Dec.11 announcement of ignition by Lawrence Livermore National Laboratory at a press conference in DC.
Redwood Materials joins electric vehicle, battery trek to South Carolina
Redwood said it will build a $3.5 billion battery materials campus in Ridgefield that will recycle, refine and remanufacture cathode and anode materials.
Holiday travel in 2022 expected to be third busiest on record, AAA forecasts
This year is forecast to be the third-busiest year for holiday travel since 2000, with AAA estimating 112.7 million will travel 50 miles or more away from home.
US, Bill Gates-backed high-tech nuclear plant in Wyoming delayed
TerraPower, a venture founded by billionaire Gates said last year its $4 billion Natrium plant would be built in Kemmerer, a Wyoming town where a coal plant is set to shut in 2025.