Delta Air Lines is trying to appease flyers who were angry about changes to its loyalty programs. But the company isn’t undoing the changes it announced last month. Starting next…
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Jerome Powell says inflation is still too high and lower economic growth is likely needed to bring it down
Federal Reserve Chairman Jerome Powell acknowledged recent signs of cooling inflation, but said Thursday that the slowing in price increases was not enough yet to determine a trend and that…
U.S. pharmacy chain CVS Health said on Thursday it is pulling some of the most common decongestants with phenylephrine as the only active ingredient from its shelves and will no longer…
Mortgage demand falls to the lowest level since 1995 as interest rates near 8%
Mortgage rates last week rose for the sixth straight week, causing demand for home loans to drop to the lowest level since 1995. Total application volume fell 6.9% compared with…
Top U.S. law firm Davis Polk announced in an internal email that it had rescinded letters of employment for three law students at Harvard and Columbia universities who it believed…
Rite Aid is closing more than 150 stores as part of its bankruptcy process
Rite Aid has announced it will close at least 154 stores as part of its bankruptcy process. The chain had 2,253 stores as of Sept. 3, and the U.S. Bankruptcy…
In rare move, Ford executive chair calls on UAW to make a deal and end ‘acrimonious’ talks
DEARBORN, Mich. — Ford Motor Executive Chair Bill Ford on Monday warned that an ongoing strike by the United Auto Workers threatens the future livelihood of the company as well as the…
United Airlines will change its boarding order next week by letting economy-class passengers who have selected window seats to board before those with middle and aisle seats. The company said the…
Law firm rescinds job offers to Harvard students who signed Israel letters
Top U.S. law firm Davis Polk announced in an internal email that it had rescinded letters of employment for three law students at Harvard and Columbia universities who signed on…
Rite Aid, the third-largest U.S. drugstore chain, filed for Chapter 11 bankruptcy protection Sunday, and it’s likely the company will close a big chunk of its 2,000 stores. One result…