Yeezy shoes still piled up in warehouses after split with Adidas
Losing the Yeezy brand is "of course hurting us," the CEO of Adidas said.
Losing the Yeezy brand is "of course hurting us," the CEO of Adidas said.
Fed doubles down on the fight against inflation, raises rates another 25 basis points
The Federal Reserve announced another 25 basis point interest rate increase bringing the federal funds rate to a targeted range of 5% to 5.25%, the highest level in 15 years.
The Federal Reserve announced another 25 basis point interest rate increase bringing the federal funds rate to a targeted range of 5% to 5.25%, the highest level in 15 years.
Shell reports $9.6 billion profit as energy prices slip
Shell is the second London-based company this week to post stronger-than-expected earnings, with rival BP reporting that it earned $5 billion in the first quarter.
Shell is the second London-based company this week to post stronger-than-expected earnings, with rival BP reporting that it earned $5 billion in the first quarter.
Here’s why consumers' credit scores got a boost in March: Report
Consumer credit scores increased from last year to an average of 701, and the percentage of consumers scored in the subprime credit
Consumer credit scores increased from last year to an average of 701, and the percentage of consumers scored in the subprime credit
Some 14 million jobs won't exist globally in 5 years, report says
Here are the jobs that will be most impacted in the years ahead, according to the new report by the World Economic Forum.
Here are the jobs that will be most impacted in the years ahead, according to the new report by the World Economic Forum.
BP reports $5 billion quarterly profit on strong oil, gas trading
BP’s profits have rebounded from last year's losses, and this quarter's earnings have exceeded analysts' expectations. Oil companies have been reporting higher earnings after Russia invaded Ukraine.
BP’s profits have rebounded from last year's losses, and this quarter's earnings have exceeded analysts' expectations. Oil companies have been reporting higher earnings after Russia invaded Ukraine.
Bank deposits fell by more than $76 billion
Bank deposits fell by $76.2 billion in April, following the highly publicized closures of Silicon Valley Bank (SVB) and other tech-focused financial institutions. Moreover, high interest rates continue to put pressure on both banks and consumers.
Bank deposits fell by $76.2 billion in April, following the highly publicized closures of Silicon Valley Bank (SVB) and other tech-focused financial institutions. Moreover, high interest rates continue to put pressure on both banks and consumers.
Biden asks student loan companies to prepare for end to payment pause
The Education Department has notified student loan servicers to prepare for an end to the COVID-19 student loan payment pause.
The Education Department has notified student loan servicers to prepare for an end to the COVID-19 student loan payment pause.
First Republic Bank seized by regulators, sold to JPMorgan Chase
San Francisco-based First Republic is the third midsize bank to fail in two months and is the second-biggest bank failure in U.S. history.
San Francisco-based First Republic is the third midsize bank to fail in two months and is the second-biggest bank failure in U.S. history.
First Republic Bank shares nosedive amid uncertainty about rescue deal
Shares of First Republic Bank remain in a death spiral amid reports of uncertainty about whether the lender could see a rescue deal.
Shares of First Republic Bank remain in a death spiral amid reports of uncertainty about whether the lender could see a rescue deal.
Gas prices dip, offering consumers some relief at the pump: AAA
The national average cost for a gallon of gas dropped by five cents from last week to $3.68, reflecting a dip in oil prices, AAA said.
The national average cost for a gallon of gas dropped by five cents from last week to $3.68, reflecting a dip in oil prices, AAA said.
Drugmaker Akorn goes bankrupt, recalls medicines for people, pets
The company terminated all employees at its US sites and discontinued its Quality program, leading to a voluntary recall of various products.
The company terminated all employees at its US sites and discontinued its Quality program, leading to a voluntary recall of various products.
Target expands locked merchandise cases to hit back at shoplifting
One of the things Target has utilized to curb shoplifting is locked-up cases. A Target spokesperson says the company is taking a "multi-layered approach to combating theft."
One of the things Target has utilized to curb shoplifting is locked-up cases. A Target spokesperson says the company is taking a "multi-layered approach to combating theft."
Bed Bath & Beyond coupons accepted at Big Lots, The Container Store in wake of bankruptcy
If you have Bed Bath & Beyond coupons that you didn't get to use, you’re not totally out of luck.
If you have Bed Bath & Beyond coupons that you didn't get to use, you’re not totally out of luck.
Tech sector continues to shed jobs as Dropbox lays off 500
Employees affected by the Dropbox layoffs will get 16 weeks pay as severance, plus an additional week's pay for every year of tenure.
Employees affected by the Dropbox layoffs will get 16 weeks pay as severance, plus an additional week's pay for every year of tenure.
Knowing how insurance rates are calculated could save drivers money: survey
Roughly 80% of American drivers surveyed can't identify the factors used to determine car insurance rate, a survey by the Zebra said. This knowledge gap could be costing them on their auto insurance premiums.
Roughly 80% of American drivers surveyed can't identify the factors used to determine car insurance rate, a survey by the Zebra said. This knowledge gap could be costing them on their auto insurance premiums.
These are the cities you can earn six figures in and still be broke
A new study found that in 16 of the 100 largest U.S. metros, a family of three earning a $100,000 annual income would spend more on the basics than what they earn. California cities made up half of the list.
A new study found that in 16 of the 100 largest U.S. metros, a family of three earning a $100,000 annual income would spend more on the basics than what they earn. California cities made up half of the list.
Supreme Court allows $6 billion in payments to continue in student loan relief case
The Supreme Court of the United States (SCOTUS) has declined to block a $6 billion student loan settlement involving more than 200,000 students who accused their schools of fraudulent activity. But not all borrowers qualify for relief. Here’s what you need to know.
The Supreme Court of the United States (SCOTUS) has declined to block a $6 billion student loan settlement involving more than 200,000 students who accused their schools of fraudulent activity. But not all borrowers qualify for relief. Here’s what you need to know.
What happens when you close a credit card?
Some aspects of a person's credit score will be affected immediately upon closing an account.
Some aspects of a person's credit score will be affected immediately upon closing an account.
Bed Bath & Beyond bankruptcy: Coupons expiring, return deadlines
The time to use your Bed Bath & Beyond coupon or return an unwanted item is running out. Here are the deadlines to know.
The time to use your Bed Bath & Beyond coupon or return an unwanted item is running out. Here are the deadlines to know.