Droughts and wildfires. Floods and hurricanes. As the losses from these natural disasters skyrocket, a growing number of insurance companies are declining to offer or renew coverage in California and Florida, leaving 60 million Americans…
Category:
Business
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Shares of Mediterranean restaurant chain Cava soared as much as 117% in its market debut Thursday. The company’s stock closed at $43.78 per share, up from its opening trade of $42 per share. Its closing price gives…
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Business
Social Security recipients are on track to receive the smallest COLA increase since the pandemic began
Inflation is falling; that’s the good news. But in a quirk of the calendar, Social Security beneficiaries are likely to miss out on another large improvement to their buying power in 2024, one year after…
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Business
Inflation is finally slowing down, but consumers are still feeling the sting of high prices
As consumer price growth continued its slowdown in May, some are asking whether it could mean the American economy is on the rebound. The Bureau of Labor Statistics reported Tuesday that the inflation rate fell…
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Business
Ex-Starbucks manager awarded $25.6 million in suit over firing after 2018 arrests of 2 Black men
Jurors in federal court have awarded $25.6 million to a former Starbucks regional manager who alleged that she and other white employees were unfairly punished after the high-profile arrests of two Black men at a…
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Bud Light lost its top spot in the U.S. beer market last month, as the brand’s sales sag following a conservative uproar over its partnership with transgender social media influencer Dylan Mulvaney. Constellation Brands’ Modelo led the…
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It’s a fighter. Modelo Especial has officially become the bestselling beer in the U.S., surpassing Bud Light among brews purchased at supermarkets and convenience stores. The fact that the Mexican import beat the embattled Bud…
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Sen. Richard Blumenthal, D-Conn., on Monday demanded to see records from PGA officials outlining work that ended in the tour’s merger with Saudi Arabia-backed LIV Golf. Blumenthal, chairman of the Senate Permanent Subcommittee on Investigations, said…
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Consumer price growth cooled again in May to the lowest level since March 2021, the Bureau of Labor Statistics reported Tuesday. On an annual basis, price growth fell to 4%. Price growth climbed just 0.1%…
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Mortgage rates pulled back for the second straight week last week, and it was enough to get both current and potential homeowners on the phone with their lenders. Mortgage application volume rose 7.2% last week,…