Advance Auto Parts closing hundreds of locations following sluggish performance
Advance Auto Parts announced that it will close over 700 locations, including corporate stores and independently-owned locations, as part of a financial restructuring effort.
Inflation rises 2.6% in October, in line with expectations
Inflation rose slightly in October in line with economists' expectations, as the consumer price index was up 2.6% from a year ago and 0.2% compared with last month.
Why are consumers pessimistic about the economy while inflation is cooling?
American households continue to feel squeezed by inflation, which contributes to a more pessimistic view about the economy even as data shows the pace of price growth slowing.
Apple and Goldman Sachs ordered to pay $89M over Apple Card failures
Apple and Goldman Sachs are being ordered by the Consumer Financial Protection Bureau to pay a combined $89 million in fines stemming from customer service issues with the Apple Card and regulatory violations.
Where was inflation the highest in September? Boston and Chicago ranked near the top
Americans are facing vastly different rates of inflation depending on where in the U.S. they live, as the Northeast and Midwest regions experienced faster price growth in September.
Retail sales show solid increase in September
Retail sales rose by more than expected in September, with an increase of 0.4% exceeding economists expectations as the consumer showed signs of continued strength.
Want to cancel a subscription? FTC finalizes rule to make it easier for consumers
The FTC announced the final version of its click to cancel rule which aims to make it easier for consumers to cancel subscriptions that would otherwise auto-renew.
Strike grinds coffee shipments to a halt at East and Gulf Coast ports
The strike by unionized dockworkers at East and Gulf Coast ports has ground coffee shipments to a halt, setting up a supply squeeze given the heavy U.S. reliance on coffee imports.
Will the dockworkers' strike cause higher food prices? Experts weigh in
A strike by unionized dockworkers at East Coast and Gulf Coast ports could have a potential impact on consumers due to higher food prices caused by delayed or canceled shipments.
Inflation measure closely watched by the Fed fell to 2.2% in August
An inflation measure closely tracked by Federal Reserve policymakers fell in August to 2.2% as inflation continued to trend closer to the central bank's target.
DOJ sues Visa over debit card market monopoly
The Justice Department filed a lawsuit against Visa on Tuesday, alleging the financial services giant used its clout to maintain a monopoly over the U.S. debit card market.
The Fed cut rates by half-point: What to know
The Federal Reserve cut interest rates for the first time in four years, announcing a 50 basis point cut and policymakers forecasting additional cuts amid progress in slowing inflation.
Inflation rises 2.5% in August, less than expected
Inflation declined in August to the lowest level since 2021, as prices rose 2.5% from last year. The data boosts the Federal Reserve's case for an interest rate cut next week.
Independent grocers urge enforcement of antitrust laws rather than 'price gouging' push
The National Grocers Association urged lawmakers and regulators to focus on enforcing antitrust law in supplier pricing instead of alleged "price gouging" by the grocery industry.
Dollar General CEO says 'financially constrained' consumers partially to blame for softer demand
Dollar General's stock slid by more than 27% on Thursday after the company's second-quarter earnings missed analysts' expectations amid soft consumer demand.
Consumer confidence reaches six-month high, but labor market worries rise
The Conference Board's latest survey showed that consumer confidence and optimism about the economy avoiding recession rose, even as labor market concerns edged higher.
Kroger-Albertsons merger heads to trial
The FTC lawsuit to block the Albertsons-Kroger merger went to trial on Monday, with the agency arguing the deal undermines competition and the companies saying it will help consumers.
Grocery stores are moving to digital price tags: are they harming consumers?
Democratic Senators Bob Casey and Elizabeth Warren are probing grocery store chain Kroger over the use of digital price tags that they worry could enable price gouging.
Americans' household debt surged in recent years amid challenging consumer environment
American households have seen their debt levels surge in recent years as high inflation and interest rates have strained budgets, forcing consumers to turn to credit and debt.
J&J has enough support from claimants for $6.5 billion talc settlement: report
Johnson & Johnson is reportedly nearing enough support to finalize a $6.5 billion settlement for lawsuits related to cancer cases linked to its baby powder and other talc products.