Wall Street believes Brian Niccol is the right choice to turn around Starbucks — and move the chain past the decadeslong Howard Schultz era. Starbucks tapped Niccol as its latest chief executive and chair on Tuesday. Niccol…
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Google on Tuesday announced new artificial intelligence features that are coming to Android devices. The move to bring its Gemini AI assistant to supported devices shows again how Google aims to put its AI in front…
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LONDON — Travelers in Europe can now take unlimited flights for 499 euros ($550) a year under a new travel subscription service from budget carrier Wizz Air. The annual “all you can fly” pass, which allows…
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A construction boom in the U.S. has resulted in lower rents and other benefits for renters. Record-construction activity since the pandemic has increased the supply of empty units, meaning more inventory is available for renters. More multi-family…
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Grocery price growth, once the scourge of the post-pandemic inflation surge, has finally settled down. On Wednesday, the Bureau of Labor Statistics reported that food-at-home prices increased 1.1% year-on-year — the ninth-straight month of sub-2%…
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Business
Some experts have raised the odds of a recession. Here’s how much you should have in emergency savings.
by adminAs investors face economic uncertainty, financial advisors have guidelines for how much cash they should have set aside. Despite second-quarter economic growth, nearly 60% of Americans wrongly think the U.S. is currently in a recession, according to a June survey…
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Business
Inflation rate falls to 2.9% in July, adding to signs that surging prices have abated
by adminConsumer price growth in July slowed to its lowest post-pandemic level, a sign that the surging inflation that has gripped the U.S. economy is finally ebbing. On a 12-month basis, the Consumer Price Index (CPI)…
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Consumers grew more confident in July that inflation will be less of a problem in the coming years, according to a New York Federal Reserve report Monday that showed the three-year outlook at a new…
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Business
From department store to ice rink: How shuttering Macy’s will spur a shopping mall rebrand
by adminMacy’s decision to close nearly a third of its stores will spark change in malls and communities across the U.S. Some of those transformations may catch shoppers by surprise. The retailer said in late February that…
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Business
Ford and Mazda issue do-not-drive warnings for 457,000 vehicles with Takata airbags
by adminFord and Mazda have issued do-not-drive warnings covering more than 457,000 vehicles that contain recalled Takata airbags. According to a release posted on the National Highway Traffic Safety Administration’s website, Ford’s warning covers 374,290 model…