Mathisworks | Digitalvision Vectors | Getty Images Corporate America has a message for Wall Street: It’s serious about cutting costs this year. From toy and cosmetics makers to office software sellers, executives across sectors have announced layoffs and other plans to slash expenses â even at some companies that are turning a profit. Barbie maker … Read more
Venita Cooper, founder of Silhouette Sneakers & Art in the Greenwood district of Tulsa, Oklahoma. Parnia Mazhar| NBC News. TULSA â Nestled among rows of colorful shoes lining the walls of Silhouette Sneakers & Art, a framed black-and-white photo reminds owner Venita Cooper of the giants whose shoulders she stands on. Overlaid on that picture … Read more
New home construction reached an all-time high in Calgary last year, but demand continues to outstrip supply and pressure the city’s housing market. According to the City of Calgary, 15,393 homes were built in the city in 2023; 11 per cent more than the previous year. The construction of multi-residential homes increased by 49 per … Read more
Customers shop at a Costco Wholesale store on December 15, 2023 in Miami, Florida. Joe Raedle | Getty Images News | Getty Images Wholesale prices rose more than expected in January, further complicating the inflation picture, according to a Labor Department report Friday. The producer price index, a measure of prices received by producers of … Read more
U.S. Treasury yields climbed on Friday after January wholesaler prices came in higher than expected. The yield on the 10-year Treasury was over 8 basis points higher to 4.322%, above the closely watched 4.3% level. The 2-year Treasury yield was last trading at 4.703% after rising by more than 13 basis points. At one point, … Read more
A general view of a kiosk near Charing Cross station in London, England, on January 20, 2024. (Photo by Alberto Pezzali/NurPhoto via Getty Images) Nurphoto | Nurphoto | Getty Images LONDON â Stronger-than-expected January retail sales provided a glimmer of light for the struggling British economy on Friday â and suggest that the country’s recession … Read more
After nearly four years, the Eastern & Oriental Express is back on the rails. Â Â Â The train, which is operated by the luxury travel company Belmond, this week welcomed its first set of passengers since it stopped running as a result of the Covid-19 pandemic. Â Â The luxury train has been operating in Southeast Asia … Read more
Younger generations grew their wealth much faster than older Americans after the pandemic began, thanks largely to stocks, according to a new study. The total wealth of Americans under 40 surged by 80%, to $9.5 trillion, between the first quarter of 2019 and the third quarter of 2023, according to a study by the New … Read more
The New Democratic Party and a group of labour unions are calling on the federal government to change Canada’s employment insurance rules so that new parents, especially new mothers, are not denied regular EI benefits if they get laid off. In a letter sent Thursday to Randy Boissonault, Canada’s employment minister, and NDP MP Daniel … Read more
With American coffee drinkers increasingly opting for specialty items like espresso-based beverages and cold brews, U.S. instant coffee consumption has fallen, with just 4% of Americans choosing the quick-and-easy offering, according to the National Coffee Association. Overseas it’s a different story. Soluble coffee accounts for about a quarter of the beverage consumed globally, according to … Read more
