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What time is the Federal Reserve meeting?: Here's what to know about a possible interest rate cut
When the Federal Reserve closes its latest policy meeting Wednesday afternoon, the widespread expectation is that it will announce the first cut to its main interest rate in more than four years. It would be a momentous event, closing the door on a run where the Fed jacked its federal funds rate to a two-decade high in hopes of slowing…
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Meet the woman who created the hair product Chappell Roan uses for her curls
Julissa Prado is the co-founder of Rizos Curls, a hair care line that began out of her frustration with the lack of clean products for curly, te hair.
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Big Lots files for Chapter 11 bankruptcy
Big Lots filed for Chapter 11 bankruptcy protection on Monday, and plans to sell to a private equity firm.
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Verizon is buying Frontier in $20B deal to strengthen its fiber network
Verizon is buying Frontier Communications in a $20 billion deal that helps to strengthen its fiber network. Verizon Communications Inc. said Thursday that the transaction will also help it in the areas of artificial intelligence and IoT. Frontier has concentrated heavily on its fiber network capabilities over about the last four years, investing $4.1 billion upgrading and expanding its fiber...
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Federal Reserve signals interest rate cuts are coming, but doesn't say when
Speaking at the Federal Reserve’s annual retreat Friday, Chair Jereme Powell said “the time has come for policy to adjust.”
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Why don't more politicians retire? How the US could benefit from a mandatory retirement age
A medical anthropologist explains the pros of mandatory retirement as many continue to work passed the point where they are eligible for full retirement benefits and Social Security payments.
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Cisco cuts thousands of jobs, 7% of workforce, as it shifts focus to AI, cybersecurity
Cisco Systems is planning to lay off 7% of its employees, its second round of job cuts this year, as the company shifts its focus to more rapidly growing areas in technology, such as artificial intelligence and cybersecurity.
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Costco will begin scanning customer membership cards upon entering store. What to know
Next time you shop at Costco, don’t be surprised if you’re asked to scan your membership card rather than showing it to the employee at the entrance.
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Google loses massive antitrust case over its search dominance in ruling that could change the internet
A judge on Monday ruled that Google’s ubiquitous search engine has been illegally exploiting its dominance to squash competition and stifle innovation in a seismic decision that could shake up the internet and hobble one of the world’s best-known companies.
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17-year-old student won $10,000 and used it to fund her Amazon side hustle—now it brings in $71,000 a month
Bella Lin’s side hustle GuineaLoft sells cages and small pet accessories on Amazon. Here’s how she doubled her sales.
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Southwest Airlines open seating changes: Read full company statement
In a change to its longstanding policy of open seating, Southwest Airlines announced on Thursday, it will begin assigning seats and offering additional legroom for a fee. The airline also said it plans to start selling overnight flights in February and expanding its 24-hour operation. The premium legroom offering is expected to be available for flights sometime next year. Southwest…
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FTC launches probe into ‘surveillance pricing' that it says links cost to customer data
The agency is seeking more information about how AI is used to change pricing rapidly based on data about customer behavior and characteristics.
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Walmart revamps its young adult clothing line in pursuit of fashion credibility
The retooling of the No Boundaries label is part of a strategy to get customers to think of Walmart as a place to buy cool clothes.
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See the full list: Stop & Shop closures to hit NY, NJ, CT this year
Stop & Shop is closing 32 stores, nearly two dozen of them in the tri-state area, by the end of the year. The 32 stores, which the company said are underperforming, will close on or before Nov. 2, according to a news release issued Friday. New Jersey accounts for 10 of them. Stop & Shop said employees at impacted locations…
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Costco hikes membership fee for the first time since 2017
Costco will hike its annual membership fees by $5 in the U.S. and Canada starting Sept. 1.
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Saks Fifth Avenue parent HBC to acquire Neiman Marcus Group in $2.65 billion deal
The deal will establish Saks Global, which will include Saks Fifth Avenue, Saks OFF 5TH, Neiman Marcus’ namesake department store chain and Bergdorf Goodman.
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What to know about the closing of all Bob's Stores
All Bob’s Stores locations will be closing this month and all inventory will be liquidated, according to the parent company. Here’s what you need to know about the future of the business, the going out-of-business sales, gift cards and more. The final day of operation is to be determined. Going-out-of-business sales are now underway for all stores that are...
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Walgreens to take a hard look at underperforming stores, could shutter hundreds more
Walgreens is finalizing a plan to fix its U.S. business that could result in closing hundreds of additional stores over the next three years.
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Mallrats rejoice: Limited Too teases a comeback next month
Limited Too, the tween retailer spun off from the adult edition The Limited, is making a comeback next month. A social media account for the brand confirmed in an Instagram post that its relaunching in July, thought it’s not clear whether the brand will be opening its own brick-and-mortar stores or an e-commerce site. “Here to tell you this...
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Will cricket take the U.S. by storm? Expert, players' analysis of T20 World Cup
For the first time in sports history, the T20 Men’s Cricket World Cup will host matches in the United States, one 34,000-seat venue located in East Meadow, Long Island. While cricket may be considered an “expat sport” to some, Americans have been playing for some time. NBC New York’s Linda Gaudino reports.