What retail apocalypse? Online home goods retailer Wayfair is opening its first namesake store, near Chicago, following a string of other digitally native companies that have turned to brick-and-mortar for growth. In…
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Editor’s Pick
Editor's Pick
Here’s what has driven the Dow rally to 40,000, and why it could keep going
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Passing major milestones such as the 40,000 barrier the Dow Jones Industrial Average eclipsed this week makes for a nice headline, but market experts do not take much else from…
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Under Armour is laying off workers as retailer says North America sales will plunge this year
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Under Armour announced a broad restructuring plan on Thursday as it said sales in its largest market, North America, plunged 10% and predicted the trend will get worse throughout its current…
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Tesla’s Chinese rival Nio launches a new brand and car that undercuts the Model Y by $4,000
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Chinese electric car company Nio revealed Wednesday that the first car for its new, lower-priced brand, Onvo, will be about $4,000 cheaper than Tesla’s comparable Model Y. Deliveries for Onvo’s first car, the L60…
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Rent up, groceries down: Inflation cooled slightly in April, but consumers still face a mixed bag
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The consumer price index, the most-watched inflation measurement put out by the U.S. government, declined slightly to 3.4% on a 12-month basis in April as price growth in the economy…
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Walmart says more diners are buying its groceries as fast food gets pricey
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Forget the drive-thru. Walmart wants diners to find a value meal in its grocery aisles. As fast food gets pricier, the nation’s largest grocer sees a sales opportunity. On a call with…
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Netflix ad-supported tier has 40 million monthly users, nearly double previous count
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Netflix’s cheaper, ad-supported tier has amassed 40 million global monthly active users, the company said Wednesday. That’s nearly double the 23 million figure the streaming giant shared in January. Separately,…
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McDonald’s $5 value meal is coming in June — and staying for just a month
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McDonald’s is set to offer a $5 value meal in the U.S., but only for a limited time. The promotion will include four items for $5 — a McChicken or McDouble,…
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United Airlines says FAA cleared it to start adding new aircraft, routes after safety review
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United Airlines said the Federal Aviation Administration has cleared it to start adding new aircraft and routes months after the regulator stepped up its scrutiny of the carrier following several safety incidents. “Today,…
Walmart is laying off hundreds of corporate workers across the country as it relocates many employees to its Arkansas headquarters. The big-box retailer confirmed the layoffs and relocations in a memo…