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Inflation Divide: the Wealthy Splurge, the Poorest Pull Back
Americans at the low end of the income rung are once again struggling to make ends meet. A confluence of factors — the expiration of federal stimulus checks and surging inflation on staples like gas and food — are driving an even bigger wedge between the haves and have-nots. While wealthier shoppers continue to splurge, low-income shoppers have pulled back...
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Why ‘Free' Shipping Isn't Free
The big carriers such as FedEx, UPS and Amazon make lots of deliveries, and none of those packages are being shipped for “free.”
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Kohl's Calls on Shareholders to Reject Activist Macellum's Proposal Ahead of Annual Meeting
Kohl’s called activist investor Macellum’s board nominees an “unqualified slate.”
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Amazon Renews Prime Credit Card Tie-Up With JPMorgan Chase After Flirting With American Express
Credit card deals with popular brands including Amazon, Costco and American Airlines are some of the most hotly contested contracts in the financial world.
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Walgreens Shares Fall as Pandemic Demand Slows and Health-Care Investments Ramp Up
Walgreens, which saw strong sales during the winter quarter, maintained its outlook for the year.
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Bold Design and Body Positivity: Superstar Lizzo Previews Her New Line of Fabletics Shapewear
Lizzo tells CNBC she wanted to disrupt the category following her experiences as a young girl wearing body girdles and other skin-tight suits to contort her shape.
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Stadium Developer Plans $3 Billion Sports Arena and Casino Project in Las Vegas
The new project, from Tim Leiweke’s Oak View Group, aims to be ready for an NBA team if one ever comes to Las Vegas.
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BofA Says iPhone Demand Still Strong Despite Reports of Production Cutback
Bank of America says demand for the iPhone is still strong despite reports of Apple cut back production of some models.
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Walgreens Turns to Robots to Fill Prescriptions, as Pharmacists Take on More Responsibilities
The drugstore chain is opening 22 micro-fulfillment centers across the country and tapping pharmacists to provide more health care at stores.
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Carl Icahn Is Expanding His Animal-Welfare Campaign to Kroger, After First Targeting McDonald's
Carl Icahn is expanding his animal-welfare campaign to the nation’s largest supermarket chain, Kroger Co.
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Meme Stocks GameStop and AMC Swing Wildly Tuesday on Heavy Trading Volume
Meme stocks swung violently on Tuesday with huge trading activity in the shares.
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Covid Upended the Labor Market, and Now These Workers Are Using Their Leverage to Push for Unions
Warehouse and store employees seeking union membership feel they have no seat at the table, and they’ve put companies on notice.
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Dairy Queen Launches Stackburger Line as Chain Sees Record Sales in 2021
The new Stackburger line is Dairy Queen’s biggest menu expansion in two decades, with five burger varieties for U.S. customers.
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New Balance Bulks Up Manufacturing Presence in U.S. Amid Global Supply Chain Backlogs
New Balance has opened a manufacturing facility in Methuen, Massachusetts, the sneaker retailer’s fifth in North America.
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Apple Reportedly Cuts Production of Its New iPhone SE by 20%
The company reportedly aims to lower production of its iPhone SE, its first 5G capable phone costing $429, by about 2 million units to 3 million.
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Second Starbucks Location in Mesa, Arizona, Votes to Unionize
The growing union push will be one of the challenges that incoming interim CEO Howard Schultz will have to tackle when he assumes the role on April 4.
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Wisconsin Senator Urges Kohl's to Reject Buyout Offers That Threaten Jobs in Retailer's Home State
A Wisconsin senator is urging Kohl’s to not accept any buyout offer that might precede a bankruptcy filing or threaten workers’ jobs in the state.
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Bed Bath & Beyond Shares Rise After Retailer Strikes Deal With Activist Investor Ryan Cohen
Bed Bath & Beyond announced that it has struck a deal with activist investor Ryan Cohen.
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Grocery Start-Up Gopuff Partners With UK Retail Giant Morrisons for Speedy Deliveries
Grocery delivery start-up Gopuff has partnered with Morrisons in the U.K. to deliver goods from the retail giant in a matter of minutes.
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Olive Garden Parent's Earnings Miss Estimates, Company Lowers Fiscal 2022 Outlook
Darden Restaurants, which owns Olive Garden, reported quarterly earnings and revenue that missed analysts’ expectations.