Demand for grocery delivery cools as food costs rise

Karen Raschke, a retired attorney in New York, started getting her groceries delivered early in the pandemic. Each delivery cost $30 in fees and tips, but it was worth it to avoid the store. Then earlier this spring, Raschke learned her rent was increasing by $617 per month. Delivery was one of the first things she cut from her budget. […]

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Costco is succeeding despite retail woes (2018)

New York (CNN Business)Kirkland Signature. Two-Buck Chuck. Simple Truth. Cat & Jack. Great Value. Amazon Basics. Store brands have never been more popular. They have become forces in their own right and make up around 21% of sales in the $1.7 trillion US grocery industry, according to IRI. As prices surge, store brands — also known as private labels, white […]

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European Shares Set To Open Weak On China Data

European stocks are likely to open lower on Monday as investors await more earnings and economic data this week for clues about the state of the global economy. China’s factory activity unexpectedly contracted in July and the housing market continued to slump last month, separate data showed today, adding to concerns over demand outlook. The Caixin survey showed slower factory […]

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Significant Increase In Women Traveling To States Where Abortion Is Legal: Report

One month after the Supreme Court decision to overrule Roe v. Wade, a significant rise has been recorded in the number of women from states where abortion ban is in force traveling across the border seeking reproductive healthcare services in other states where the procedure is legally allowed. The National Abortion Federation, which operates the largest national, multi-lingual abortion hotline […]

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Why Verizon Is America’s Best Stock

The stock market’s bumpy ride continues. Days when inflation appears to be at bay, or when a large company posts strong earnings, the entire market can rise. Days when fears of inflation or recession hit, the market sells down. One thing unlikely to happen is a recovery of the price of the shares in big tech companies. Now viewed as […]

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UK Consumer Credit Growth Fastest Since 2019, Mortgage Approvals Fall

UK consumer borrowing increased the most in more than three years in June suggesting that households are relying more on credit amid the cost of living crisis and mortgage approvals declined more than expected as the rising interest rate weigh on the property market. Individuals borrowed an additional GBP 1.8 billion in consumer credit in June, following GBP 0.9 billion […]

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JetBlue Signs Deal To Acquire Spirit Airlines For $3.8 Bln

JetBlue Airways Corp. (JBLU) and Spirit Airlines, Inc. (SAVE) announced on Thursday that their boards of directors have approved a definitive merger agreement under which JetBlue will acquire Spirit for $33.50 per share in cash, including a prepayment of $2.50 per share in cash payable upon Spirit stockholders’ approval of the transaction and a ticking fee of $0.10 per month […]

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