McDonald’s announced on Wednesday that it is piloting a new cafe concept called CosMc’s, which will mostly sell indulgent, highly customizable caffeinated beverages with some food. The first CosMc’s location is now open in Illinois, and nine more are planned in Texas in the coming months. For many, the news probably raised one main question: […]
The past three years of economic volatility have exacted a profound toll on many Americans, testing the resilience of households and businesses alike. During this period, the largest banks, fundamentally strengthened by a series of changes, have served as a source of support by extending enormous amounts of credit, helping customers navigate uncertainty, and stabilizing […]
From inflation to gas-stove bans, it’s clear President Biden and his top officials are living in an alternate reality. Perhaps no issue proves this point more than their unrealistic mandate for electric-vehicles, a multibillion-dollar effort to force Americans into cars they simply don’t want and can’t afford. In a recent speech President Biden bragged that […]
On average, between April and June of 2023, U.S. cellphone users reported that out of every 100 times they tried to use data, text, or make a call, they had problems 11 times. That’s up from about nine problems per 100 connections in most of 2020 and 2021, according to a report from J.D. Power. […]
Retailers are braving a new crime wave that promises to be one of the most violent theft tactics yet. A van earlier this month crashed into Seattle boutique Rush Hour before thieves ran out and grabbed inventory. Just a few days later, the robbers were back, taking even more high-ticket items than the first time. […]
Amazon.com has grabbed the crown of biggest delivery business in the U.S., surpassing both UPS and FedEx in parcel volumes. The Seattle e-commerce giant delivered more packages to U.S. homes in 2022 than UPS, after eclipsing FedEx in 2020, and it is on track to widen the gap this year, according to internal Amazon data […]
President Biden invoked a Cold War-era law in a surprising move Friday to pour taxpayer funds into domestic manufacturing of electric heat pumps, an alternative to gas-powered residential furnaces. In a joint announcement with the White House, the Department of Energy (DOE) said the federal government would award a “historic” $169 million for nine projects […]
A conservative legal group headed by Stephen Miller, a former White House advisor to Donald Trump, has accused Macy’s of implementing a racially discriminatory diversity plan. America First Legal filed a federal civil rights complaint with the U.S. Equal Employment Opportunity Commission (EEOC) on Tuesday, according to a press release. The complaint alleges Macy’s is […]
Rejection rates for all kinds of loans climbed in 2023, and application rates dropped, according to quarterly survey on credit access Would-be car buyers say lenders have been tapping the brakes hard in 2023, according to a new look at consumer access to credit. A record-breaking share of auto loan applicants say they’ve been rejected […]
Does happiness have a price? For a majority of Americans, the answer is yes — but it it doesn’t come cheap. About 6 in 10 of Americans believe money can buy happiness, according to a new poll from financial services firm Empower. Yet to achieve happiness through financial means, most people say they’d need a […]
Car dealers are struggling to convince the public to purchase electric vehicles as the price tags seemingly only entice the upper class. “People know what electric vehicles are. They know the pluses and the minuses — we’re past that,” Ohio car dealer Rhett Ricart told Business Insider. “What really matters now is making a pitch […]
Roughly one in three young shoppers in the U.S. has admitted to giving themselves five-finger discounts at self-checkout counters, a new survey shows. According to loan marketplace LendingTree, 31% of Gen-Z consumers have stolen items from self-checkout kiosks, compared to 15% of consumers of any age. Those figures come as businesses work to combat […]
