It’s no secret that retailers are cracking down on returns. In 2023, 81% of U.S. retailers implemented pay-to-return policies in some capacity. Amazon, Macy’s, T.J.Maxx, Walmart and Staples all rolled out changes to their established return policies. That may look like shrinking return windows, charging for some returns, or in some cases simply telling shoppers … Read more
The flags of the U.S. and Germany are on the table at a bilateral meeting between German Economics Minister Habeck and U.S. Secretary of State Blinken at a hotel on the Gendarmenmarkt. Photo: Christoph Soeder/dpa (Photo by Christoph Soeder/picture alliance via Getty Images) Christoph Soeder/dpa | Picture Alliance | Getty Images After years of China … Read more
A truck picking up a container at the NIT Terminal at the Port of Virginia. NIT Terminal is the largest terminal at the port with more than 90 semi-automated stacking cranes. Lori Ann LaRocco | CNBC The Port of Virginia is on track to become the functionally widest and deepest port on the U.S. East … Read more
Phoenix Wang | Moment | Getty Images A new Social Security trustees report released on Monday provides a modest bright spot for the program. The program’s combined funds are now projected to run out in 2035 — one year later than was previously anticipated. At that time, 83% of benefits will be payable, unless Congress … Read more
A.P. Moller-Maersk says that based on progress made in the Port of Baltimore collapsed bridge clean-up, it may be able to set a timeline on returning to the port in the next week or so, and resumption of network services at the Baltimore port for the second-largest global ocean carrier could come by the end … Read more
U.S. Treasury yields were lower Monday, continuing a fall after Friday’s April jobs report showed weaker-than-expected payrolls growth and an unexpected tick higher in unemployment. The yield on the 10-year Treasury was off 2 basis points to 4.4975%. The 2-year Treasury yield was slightly lower to 4.8056%. Yields and prices move in opposite directions. One … Read more
Nicolette Nelson was running late for her return flight to Fairbanks as she sprinted towards her gate at Cincinnati/Northern Kentucky International Airport (CVG). Overcome by a medical issue, she didn’t make it to her gate and wound up spending the night in a Cincinnati hospital. By the next day, she had recovered and awaited her flight home, … Read more
People walk through the newly opened Grand Central Madison train terminal in Manhattan on February 27, 2023 in New York City. Spencer Platt | Getty Images The strong jobs market has been bolstered post-pandemic by strength in the immigrant workforce in America. And as Americans age out of the labor force and birth rates remain … Read more
People walk in the rain over London Bridge in central London. Picture date: Tuesday March 12, 2024. Lucy North – Pa Images | Pa Images | Getty Images The U.K.’s “sluggish” growth prospects have put it on course to be the worst-performing economy of all advanced nations next year, according to new forecasts from the … Read more
Hundreds of small and regional banks across the U.S. are feeling stressed. “You could see some banks either fail or at least, you know, dip below their minimum capital requirements,” Christopher Wolfe, managing director and head of North American banks at Fitch Ratings, told CNBC. Consulting firm Klaros Group analyzed about 4,000 U.S. banks and … Read more
