NEW YORK (AP) — The pace of sales at U.S. retailers was unchanged in September from August as rising prices for rent and food chipped away at money available for other things. Retail sales were flat last month, down from a revised 0.4% growth in August, the Commerce Department reported Friday. Retail sales fell 0.4%…
WASHINGTON (Reuters) – U.S. retail sales were unexpectedly unchanged in September as stubbornly high inflation and rapidly rising interest rates crimp demand for goods. The Commerce Department said on Friday that the unchanged reading in sales last month followed an upwardly revised 0.4% increase in August. Sales in August were previously reported to have gained…
NEW YORK (AP) — Dolly Parton was jokingly uncharitable after the crowd at the Carnegie Medal of Philanthropy ceremony tried singing along with her during her acceptance speech at Gotham Hall. “That was terrible,” the Grammy-winning country superstar said after a muted sing-along of “Books, Books,” the song she wrote to support her Imagination Library…
NEW YORK (AP) — Dolly Parton laughs at the idea that she is some sort of secret philanthropist. Sure, social media sleuths did piece together this week that the country superstar had been quietly paying for the band uniforms of many Tennessee high schools for years. And yes, it did take decades for her to…
UnitedHealth trumped third-quarter expectations and hiked its 2022 forecast again as one of the largest U.S. health insurance providers moved deeper into delivering care. The health care giant said Friday that it booked 17% revenue growth from its Optum segment, which runs doctors offices and clinics as well as one of the country’s biggest pharmacy…
WASHINGTON (AP) — Wells Fargo easily beat Wall Street’s third-quarter revenue forecasts as higher interest rates helped offset a steep decline in home lending. The nation’s biggest mortgage lender brought in $19.5 billion in revenue for the period, thanks to $12.1 billion in net interest income, a 36% increase from the same period a year…
NEW YORK (AP) — JPMorgan Chase & Co.’s third quarter profit fell by 17% from a year earlier, as the bank set aside roughly a billion dollars to cover potential losses in an economic recession that CEO Jamie Dimon has said could come in six to nine months. The nation’s largest bank by assets posted…
(Reuters) -Supermarket chain Kroger Co said on Friday it will buy smaller rival Albertsons Companies Inc in a $24.6 billion transaction, in one of the biggest deals in the U.S. retail landscape in recent years. The merger would create a supermarket titan with expected annual sales of around $210 billion. Here are some key facts…
Two of the nation’s largest grocers have agreed to merge in a deal they say would help them better compete with Walmart, Amazon and other major companies that have stepped into the grocery business. Kroger on Friday bid $20 billion for Albertsons, or $34.10 per share. Kroger will also assume $4.7 billion of Albertsons’ debt….
WASHINGTON (AP) — What keeps driving inflation so high? The answer, it seems, is nearly everything. Supply chain snarls and parts shortages inflated the cost of factory goods when the economy rocketed out of the pandemic recession two years ago. Then it was a surge in consumer spending fueled by federal stimulus checks. Then Russia’s…
