Business

Tim Boyle/Getty Images (NEW YORK) — 7-Eleven will close more than 400 of its “underperforming stores” across the U.S. and Canada in an effort to reduce costs and bolster earnings before the end of the year. Seven & I Holdings, the Tokyo-based parent company of the convenience store chain, announced the news during an earnings […]

Dominika Zarzycka/NurPhoto via Getty Images (NEW YORK) — Boeing will reduce the size of its total workforce by 10% over the coming months, CEO Kelly Ortberg said in a letter to employees on Friday. That amounts to around 17,000 jobs, based on the company’s December 2023 total workforce numbers. Ortberg said due to the workforce […]

Andrew Harnik/Getty Images (NEW YORK) — Inflation has loomed over the U.S. economy like a movie villain, haunting grocery store trips and gas runs. While costs remain much higher than they were a few years ago, those rapid price increases have mostly vanished. Inflation stands at its lowest level in more than three years, hovering […]

Spencer Platt/Getty Images (TAMPA, Fla.) — Hurricane Milton left widespread gasoline shortages across Florida after it made landfall on Wednesday night and cut across the state. The damage exacerbated fuel outages that began before the storm arrived, as millions fled from its path. Nearly a quarter of the roughly 7,900 gas stations in the state […]

Justin Sullivan/Getty Images (NEW YORK) — An escalation of conflicts in the Middle East in recent weeks has triggered a sharp increase in oil prices, raising uncertainty about where costs will head in the final weeks before Election Day. Oil prices surged about 13% over an 11-day stretch ending on Monday. Prices fell markedly on […]

Anna Moneymaker/Getty Images (NEW YORK) — U.S. hiring surged in September, blowing past economist expectations and rebuking concern about weakness in the labor market. The fresh report marks one of the last major pieces of economic data before the presidential election. Employers hired 254,000 workers last month, far exceeding economist expectations of 150,000 jobs added, […]

Nitat Termmee/Getty Images (NEW YORK) — In the final weeks of the campaign, former President Donald Trump and Vice President Kamala Harris have sought to best each other on the all-important issue of the economy, which many voters rank as their top concern. Both candidates have made manufacturing a centerpiece of their plans, but their […]

McDonald’s (NEW YORK) — It’s a monster mash at McDonald’s, with the new limited-edition Happy Meal Boo Buckets making their return to the Golden Arches. On Oct. 15, the iconic plastic buckets, which make for perfect trick-or-treating vessels, will return to participating McDonald’s restaurants nationwide while supplies last. The nostalgic pails have a fresh look […]

The Michael Kors Store on Rodeo Drive on Feb. 23, 2017 in Beverly Hills, Calif. (Fg/bauer-griffin/GC Images via Getty Images, FILE) (NEW YORK) — The Federal Trade Commission is asking a federal judge in New York to block the $8.5 billion merger of Tapestry, the company behind Coach, Kate Spade, and Capri, which controls Michael […]

Getty Images – STOCK/Anton Petrus (NEW YORK) — Oil prices climbed more than 3% on Tuesday in the immediate aftermath of an Iranian missile attack on Israel. The spike in prices is expected to push up the price of U.S. gasoline, experts told ABC News. Drivers could face a price increase of between 10 and […]