It will soon cost more to be a part of the club. On Wednesday, Costco Wholesale announced plans to increase annual membership fees by $5 to $10 in the U.S. and Canada, effective Sept. 1. It is the first time in seven years the retail giant has done so. The annual fee, last raised in […]
When Allan Fawcett decided to retire from his career in computer science in 2011, he knew he wanted to spend at least a few years traveling, particularly around Europe. After decades working in tech, he was ready, as he says, to give his mind a rest. “Computer programming destroyed my brain,” he tells Fortune. “I […]
Chicken Soup for the Soul Entertainment, the parent of DVD rental operator Redbox, has filed for Chapter 11 bankruptcy protection. The bankruptcy filing comes after months of a series of financial struggles for the company and piling unpaid bills. Chicken Soup for the Soul has accumulated nearly $1 billion in debt, the Chapter 11 filing […]
When Ted Rossman was at Newark Airport in New Jersey the other day, he got a shock along with his sandwich.Rossman, a senior industry analyst for financial information site Bankrate, went to a self-serve kiosk for a snack before a flight, scanned the item himself, and was asked for a tip.Since there was no other […]
Americans have a specific annual income in mind for what it would take to feel financially secure, according to a new survey from Bankrate. The magic number? $186,000 per year. Currently, only 6% of U.S. adults make that amount or more, Bankrate said. The median family income falls between $51,500 and $86,000, according to the […]
Americans binged on grills during the pandemic, but the barbecue industry now faces a number of threats, including high meat prices and interest rates on top of economic uncertainty. Many feel no need to upgrade fairly recent purchases. Market leaders like higher-end grill manufacturer Traeger, once a pandemic darling, reported its latest quarter’s grill sales […]
Right now there are more than 3 million electric vehicles (EVs) on the road in the United States, but it seems some owners are having a bit of buyer’s regret. A bombshell report on the global EV marketplace finds 46% of American EV drivers are so fed up with charging and mobility issues, they’re ready […]
Walgreens is planning potentially sweeping store closures as it faces what its CEO called a “challenging” environment for pharmacies and U.S. consumers. The pharmacy chain on Thursday morning announced quarterly earnings that fell short of Wall Street expectations. Walgreens’ stock dropped more than 20% just minutes into the trading day. In an interview with CNBC, […]
The group responsible for hacking the system of CDK Global has demanded tens of millions of dollars in ransom as the June 19 attack on the company’s systems continues. CDK Global provides software to nearly 15,000 car dealerships in the United States, which they rely on for day-to-day processing. This includes stocking vehicles, ordering services […]
More companies are declaring bankruptcy and shutting down operations, citing inflation and high costs. Inflation and the economy remains a top issue among all voters, according to a recent The Center Square Voters’ Voice Poll. Retailers are closing nearly 3,200 stores this year, according to a recent analysis from CoreSight Research. The closures are a […]
Anyone with half an eye on the housing market over the last two decades will know that in many countries, not least the United States, it’s become much more difficult to buy a home. But a new report sums up the feeling of many potential home buyers by creating a category that labels some major […]
The price for owning a home is rising rapidly – and we’re not just talking about mortgage payments. US homeowners are now paying an average of $18,118 a year on property taxes, homeowners’ insurance, maintenance, energy and various other expenses linked to owning a home, according to a new Bankrate study. That’s nearly the cost […]
