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American Express to pay $230 million to settle DOJ fraud probe, deceptive marketing claim
The American Express settlement follows recent agreements by Mastercard and Block to settle claims from prosecutors or regulators.
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Joann files for bankruptcy for second time
The fabrics and crafts retailer has filed for bankruptcy for the second time in a year.
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Popular craft chain Joann files for Chapter 11 bankruptcy. Here's what that means
Joann, a once popular craft chain, has filed for voluntary Chapter 11 bankruptcy proceedings, according to a an announcement.
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Hanging out at Starbucks will cost you as company reverses its open-door policy
If you want to hang out or use the restroom at Starbucks, you’re going to have to buy something. Starbucks on Monday said it was reversing a long-standing policy that invited everyone into its stores.
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Walmart logo redesign: See the retailer's updated brand look
The “brand refresh” of Walmart’s identity includes some nods to its past.
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NJ Kohl's store among 27 locations nationwide to close by April: See the full list
Kohl’s said it was closing 27 underperforming stores in 15 states by April — a fraction of its 1,150 store base — as the struggling department store aims to boost profitability and improve sagging sales. One of the locations slated for closure is located in New Jersey.
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39-year-old's cannabis business brings in $800,000 a month — 16 years after he went to prison for selling drugs
In 2023, Coss Marte opened the first adult-use cannabis dispensary on Manhattan’s Lower East Side — the same neighborhood where he once sold drugs illegally.
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Biden rejects Nippon Steel's proposed deal to acquire US Steel
President Joe Biden has rejected the nearly $15 billion proposed deal for Nippon Steel of Japan to purchase Pittsburgh-based U.S. Steel.
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Banks, USPS, grocery stores and more: What's open and closed on New Year's Eve?
While most retailers are open on New Year’s Eve, many have shortened hours or close early.
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Big Lots reaches deal to keep hundreds of US stores open
The discount chain Big Lots has reached a deal that will keep hundreds of its stores open. Big Lots said it will be sold to Gordon Brothers Retail Partners, which specializes in distressed companies.
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How e-commerce is disrupting traditional seasonal work in retail
Online shopping sales reached a record $41.1 billion this holiday season. The shift to e-commerce has continued to transform the seasonal work landscape.
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5 Things to know about Walmart
Here are five things to know about the Walmart corporation.
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During college, her side hustle brought in over $1 million — but her mom wouldn't let her drop out of school
Elena Bonvicini founded the viral clothing brand EB Denim when she was still in high school.
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Behind Amazon's quiet launch of Haul, which competes with Temu in ultra-low-price items from China
Amazon in November quietly launched Haul, for items under $20, largely from China. It’s Amazon’s answer to the soaring popularity of Temu and TikTok Shop.
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From Nike to Intel, CEO departures at US companies hit a record this year
CEO exits at U.S. public companies were a record in 2024 as they faced competitive and strategic challenges.
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Big Lots preparing to close its remaining stores
The company filed for Chapter 11 bankruptcy in September and already closed 400 locations around the country.
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Malls are using new restaurants to draw consumers as shopping centers reinvent themselves
Malls are adding new dining options, like Din Tai Fung and Eataly, to attract customers.
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Bomb Bomb Bar-B-Q Grill plans to close after decades at South Philly corner
The owners of Bomb Bomb Bar-B-Q-Grill say they are ready to retire and shut down the South Philadelphia staple, but not before serving some more calamari.
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5 Things to know about In-N-Out
Here are five things to know about In-N-Out Burger.
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Trump and Japan tech conglomerate SoftBank announce $100 billion in US investments
The goal is to create as many as 100,000 jobs over four years in AI and “related infrastructure.”