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Investing

As Joann Fabrics and JCPenney announce store closings, here’s what’s driving the pattern

The new year for brick-and-mortar retailers is picking up right where 2024 left off, as a slew of stalwart brands are set…
Investing

Amazon ‘anti-union propaganda,’ employee surveillance loom over labor vote at North Carolina warehouse

Italo Medelius-Marsano was a law student at North Carolina Central University in 2022, when he took a job at an Amazon warehouse near the…
Economy

How billionaire Caltagirone could influence Italy’s banking M&A wave

MILAN (Reuters) -Italian billionaire Francesco Gaetano Caltagirone has emerged as a leading player in the reshaping of Italy’s financial sector that is…
Investing

Denny’s set to close dozens more locations this year, though some openings planned too

Breakfast specialists Denny’s will accelerate planned store closures in 2025 amid continued consumer shifts toward preferences for fast-food and take-out options. On…
Economy

How billionaire Caltagirone could influence Italy’s banking M&A wave

MILAN (Reuters) -Italian billionaire Francesco Gaetano Caltagirone has emerged as a leading player in the reshaping of Italy’s financial sector that is…
Economy

How billionaire Caltagirone could influence Italy’s banking M&A wave

MILAN (Reuters) -Italian billionaire Francesco Gaetano Caltagirone has emerged as a leading player in the reshaping of Italy’s financial sector that is…
Investing

As Trump eyes more tariffs, South Korea remains safe haven for GM and Hyundai

DETROIT — As President Donald Trump threatens to further increase tariffs on U.S. trading partners, the greatest impact for the auto industry outside of North…
Investing

As retailers drop DEI programs, Black founders could face obstacles to staying on shelves

Fragrance brand Brown Girl Jane’s perfume bottles sit on shelves at Sephora near some of the most storied labels in the fashion…
Investing

Grocery stores are rationing eggs as supply falls and prices rise

Egg rationing is here. With prices rising rapidly and showing no signs of slowing anytime soon, some of the nation’s biggest grocery…
Investing

Retail sales slumped 0.9% in January, down much more than expected

Consumers sharply curtailed their spending in January, indicating a potential weakening in economic growth ahead, according to a Commerce Department report Friday….
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