The U.S. trade deficit grew to a record high in March after businesses stepped up their imports of goods in an effort to front-run tariffs.The Commerce Department on Tuesday reported that the trade de...
Trade tensions are hitting home for American furniture manufacturers. While 52% of the U.S.' $1.9 trillion in domestic furniture sales come from goods made in America, many companies still rely heavil...
Rite Aid has filed for bankruptcy for the second time in less than two years.The drug store chain announced Chapter 11 proceedings on Monday, stating in a press release that they are "pursuing a strat...
Barbie maker Mattel announced it is raising prices on some of its toys and "further reducing reliance on China-sourced products" as the company navigates a "volatile macro-economic environment and evo...
New data from the Internal Revenue Service (IRS) shows the size of the average tax refund received by taxpayers is up from a year ago.IRS data for the 2024 tax filing season through the week that ende...
DoorDash will purchase British rival Deliveroo for $3.85 billion, the companies announced on Tuesday after resuming negotiations last month.Deliveroo was approached by DoorDash with a 180 pence per sh...
President Donald Trump on Sunday announced that he's directing federal agencies to reopen the prison at Alcatraz after rebuilding and expanding the prison that was shuttered over 60 years ago and curr...
Millions of student loan borrowers in default will start receiving notices on Monday that they are being put into collections. The move comes after the Department of Education said last month that it ...
Italian restaurant chain Bertucci’s filed for Chapter 11 bankruptcy protection in late April for the third time since 2018. The Massachusetts-based business, which has locations along the East Coast ...
Warren Buffett said on Saturday that he plans to step down by the end of this year as CEO of Berkshire Hathaway. The billionaire investor named Greg Abel, who is vice chairman, as his replacement. "I ...
Legendary investor Warren Buffett railed against President Donald Trump’s tariffs on Saturday and the tumultuous way in which the president has rolled them out. Buffett, 94, the chairman and CEO of Be...
The U.S. economy added jobs in April at a slower pace than a month ago amid uncertainty over economic conditions as well as tax and trade policy.The U.S. Department of Labor on Friday reported that em...
