Walmart announces layoffs amid lower profit forecasts
Walmart confirmed Wednesday it is laying off corporate workers after lowering its profit forecasts as inflation takes its toll on the company's business.
Record retail bankruptcies will happen by fall, former Toys 'R' Us CEO warns
Former Toys 'R' Us CEO Gerald Storch explained the consequences of the Federal Reserve's actions to curb inflation, arguing that it is taking a "stake to the heart" of consumers.
Market expert reveals 3 hot 'off-price' retail stocks
Kayne Anderson Rudnick senior research analyst Julie Biel provides her favorite retail and tech stock plays on 'The Claman Countdown.'
Marsha Blackburn: This climate bill will transfer wealth to China
Tennessee Republican Sen. Marsha Blackburn explains how the climate bill benefits China and weighs in on the state of the U.S. economy on 'Making Money.'
US services hit 3-month high: ISM
Economic activity in the U.S. services sector climbed to a 3-month high in July, according to the latest data from the Institute for Supply Management.
Fed fighting inflation by taking 'stake to the heart' of American consumers: Former Toys 'R' Us CEO
Former Toys 'R' Us CEO Gerald Storch explains the consequences of the Federal Reserve's actions taken in an attempt to curb inflation.
Klondike looking at bringing back Choco Taco after consumer uproar 'in the coming years'
Klondike officials said they will look to bring back the Choco Taco 'in the coming years' in response to uproar following its discontinuation
Airbus axes remaining A350 jet deal with Qatar Airways
Airbus has rescinded its order from Qatar Airways for A350 jets in a dispute around World Cup preparations. The airline is also suing the planemaker for at least $1.4 billion.
More shoppers turn to discount stores to ‘cut the costs’ of inflation
Shoppers in New Jersey report spending more at discount dollar stores and bulk buying retailers for "a better offer" to "cut the costs" of everyday inflation.
Republican lawmaker aims to force Dem states to allow fracking: 'Threatening America’s energy independence'
Republican Rep. Claudia Tenney introduced legislation Wednesday that would force states with fracking bans to choose between federal funds and fossil fuel production.
TJ Maxx, Marshalls parent fined $13M for selling recalled products
TJX Companies Inc. is paying a $13 million civil penalty after the Consumer Product Safety Commission said it sold and distributed recalled products for five years.
Ford sales skyrocketed in July as other automakers crashed
Ford deliveries continued to rebound in July with an increase in deliveries of 36.6% compared to the same month last year as inventory continues to improve.
Ferrari earnings up 22% on surging deliveries to Americas
Ferrari raised its 2022 forecast following a 22% increase in second-quarter earnings as sales in the Americas spiked. Sales doubled from 649 to 1,053 in the quarter.
Professional Fighters League readies for global expansion next year: 'I feel like we're just getting started'
The Professional Fighters League (PFL) was founded in 2018 and is still very much in its infancy compared to the NHL and NFL. Still, it's fueling the growth of the MMA, according to PFL CEO Peter Murray.
PayPal surges, Airbnb falls and more: Wednesday's 5 things to know
Investors will be watching shares of PayPal and Airbnb move in different directions as those and a slew of other companies report their quarterly earnings this Wednesday.
Amazon hit with more warehouse probes from OSHA over alleged workplace hazards
The Occupational Safety and Health Administration inspected Amazon warehouses in multiple states this week as part of a probe into workplace conditions.
Subway shooting lawsuit against Glock on hold amid appeal over NY law that lets victims sue gunmakers
Brooklyn shooting victim's lawsuit against Glock has been stayed as a federal appeals court weighs the constitutionality of a law holding gunmakers liable for shootings.
Lamborghini braces for cold winter after a record first half
After recording a record first half, Lamborhighini's Chief Executive Stephan Winkelman said that they are preparing for a challenging winter if Europe's energy crisis gets worse.
California GOP gubernatorial candidate says it's time to pull plug on billion dollar high-speed rail project
California GOP gubernatorial candidate Sen. Brian Dahle argues the state should halt the high-speed rail and reinvest that money into other projects.
Sen. Portman on US-China tension: Not the time for us to be backing down
Sen. Rob Portman, R-Ohio, discusses Pelosi's controversial trip to Taiwan and the climate provisions in the Inflation Reduction Act.