Shares of Mediterranean restaurant chain Cava soared as much as 117% in its market debut Thursday. The company’s stock closed at $43.78 per share, up from its opening trade of $42 per…
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Editor’s Pick
Editor's Pick
Inflation is finally slowing down, but consumers are still feeling the sting of high prices
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As consumer price growth continued its slowdown in May, some are asking whether it could mean the American economy is on the rebound. The Bureau of Labor Statistics reported Tuesday…
Editor's Pick
Social Security recipients are on track to receive the smallest COLA increase since the pandemic began
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Inflation is falling; that’s the good news. But in a quirk of the calendar, Social Security beneficiaries are likely to miss out on another large improvement to their buying power…
Bud Light lost its top spot in the U.S. beer market last month, as the brand’s sales sag following a conservative uproar over its partnership with transgender social media influencer Dylan Mulvaney.…
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How Modelo Especial became America’s No. 1 beer amid Bud Light’s rapid decline
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It’s a fighter. Modelo Especial has officially become the bestselling beer in the U.S., surpassing Bud Light among brews purchased at supermarkets and convenience stores. The fact that the Mexican…
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Ex-Starbucks manager awarded $25.6 million in suit over firing after 2018 arrests of 2 Black men
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Jurors in federal court have awarded $25.6 million to a former Starbucks regional manager who alleged that she and other white employees were unfairly punished after the high-profile arrests of…
Consumer price growth cooled again in May to the lowest level since March 2021, the Bureau of Labor Statistics reported Tuesday. On an annual basis, price growth fell to 4%.…
Sen. Richard Blumenthal, D-Conn., on Monday demanded to see records from PGA officials outlining work that ended in the tour’s merger with Saudi Arabia-backed LIV Golf. Blumenthal, chairman of the Senate…
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Tentative deal reached to get UPS drivers air-conditioned trucks ahead of strike threat
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With a strike authorization vote underway, union leaders and UPS announced a tentative deal to add air conditioning to the package carrier’s iconic brown delivery vehicles for the first time.…
The Federal Reserve said Wednesday it was keeping its key interest rate at about 5% — the first time it has kept the rate steady in more than a year.…