Sentiment among the nation’s single-family homebuilders dropped to the lowest level in five months in February, largely due to concern over tariffs, which would raise their costs significantly. The National Association of Home Builders’ Housing…
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KFC is leaving Kentucky. The fried chicken chain’s U.S. headquarters will move from Louisville, Kentucky, to Plano, Texas, owner Yum Brands said Tuesday. About 100 KFC U.S. employees will be required to relocate over the next six…
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Business
Argentine President Milei faces impeachment calls for promoting cryptocurrency that tanked
by adminArgentine President Javier Milei is facing withering criticism, including some calls for impeachment, after promoting a new cryptocurrency on his social media account. In a since-deleted post from his personal account on X on Feb.…
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Trump Media and its fellow conservative-oriented social media company Rumble on Wednesday sued a Brazil Supreme Court justice whose clash last year with Elon Musk led to the blocking of Musk’s own social media firm, X, in that country. The Tampa, Florida, federal…
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During Mettler-Toledo’s earnings call earlier this month, executives found themselves fielding a barrage of questions about one key topic: tariffs. The Ohio-based maker of industrial scales and laboratory equipment had already opened the call by breaking…
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A law firm that represents Tesla and Elon Musk has written proposed legislation that would alter Delaware corporate law, according to a person directly familiar with the drafting of the bill. The proposed legislation, drafted by…
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Business
Amazon ‘anti-union propaganda,’ employee surveillance loom over labor vote at North Carolina warehouse
by adminItalo Medelius-Marsano was a law student at North Carolina Central University in 2022, when he took a job at an Amazon warehouse near the city of Raleigh to earn some extra cash. The past month has been…
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Business
As Joann Fabrics and JCPenney announce store closings, here’s what’s driving the pattern
by adminThe new year for brick-and-mortar retailers is picking up right where 2024 left off, as a slew of stalwart brands are set to shutter dozens of store locations amid shifting consumer patterns. The latest crop…
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Business
Denny’s set to close dozens more locations this year, though some openings planned too
by adminBreakfast specialists Denny’s will accelerate planned store closures in 2025 amid continued consumer shifts toward preferences for fast-food and take-out options. On an earnings call Wednesday, CFO Robert Verostek said the closures would incorporate a…
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Consumers sharply curtailed their spending in January, indicating a potential weakening in economic growth ahead, according to a Commerce Department report Friday. Retail sales slipped 0.9% for the month from an upwardly revised 0.7% gain in…