US e-commerce giant Amazon intends to expand its cashier-free grocery stores to the UK after it successfully registered trademarks in the country.
The US territory of Puerto Rico has begun a historic bankruptcy proceeding. On Wednesday, a US federal judge will start to sort out the Caribbean Commonwealth’s $123 billion debt in a San Juan court.
This time Fitch was right. One month ago the rating agency listed 8 retail names that were most likely to file for bankruptcy next, just over a month later 1 out of the 8 was down, when teen clothing retailer Rue21 filed a prepackaged bankruptcy on Monday night in Pennsylvania bankruptcy court.
For those wondering about the true strength of the US economy, look no further than Americans’ post-“retirement” plans revealed in the latest Gallup survey, according to why only 25% of Americans plan to stop working past retirement age. Meanwhile, nearly two in three employed U.S. adults, or 63%, responded they plan to work past retirement age on a part-time basis, while an additional 11% said they will work full time once they hit retirement age.
Australian billionaire and manufacturing CEO Anthony Pratt said Friday on Fox Business that he is investing $2 billion in the United States because he has “confidence” in President Trump.
Citigroup listed seven companies as potential takeover targets for Apple Inc (AAPL), including Netflix (NFLX), Walt Disney (DIS) and Tesla Inc (TSLA), as a way to put its cash hoard of more than $250 billion to work.
The American job creation machine was re-ignited in April after a disappointing March. Payrolls grew by 211,000 jobs in the months and unemployment fell to 4.4 percent, the lowest since May 2007.
Apple CEO Tim Cook said Wednesday his company is putting $1 billion into a fund to invest in advanced manufacturing jobs in the United States.
The price of bitcoin has skyrocketed to an all-time high on Tuesday, boosted by a record increase in global trading activity. The world’s most popular cryptocurrency smashed Monday’s record, jumping above $1,446 at 11:42 GMT.
In an effort to be part of the revolution for sustainable living, Adidas has created a new shoe made out of plastic waste collected from the ocean. According to their official press release, the German sportswear giant has collaborated with environmental advocate group Parley for the Oceans to incorporate recycled plastic in their trademark running shoe designs. According to Adidas, each pair of limited edition Parley shoes uses an average of 11 plastic bottles. Recycled plastic does not comprise the entire design, but it will be used in significant portions, including the laces, heel webbing, heel liner, and sock liner covers.
Researchers ran two separate experiments. In the first, they offered participants cash, and the option to deposit the money into two accounts in whatever manner the participants wished. One account was completely liquid — meaning that participants could withdraw the moola whenever they wished. This was called the Freedom Account.
A vocal coalition of Michiganders is taking to the streets — and their local city council meetings — to oppose the growing intrusion of privacy and personal safety with state utility companies […]
President Donald Trump announced that he wanted a 20 percent tax on softwood lumber coming from Canada, telling conservative media he thought the country was treating Canada “very unfairly.”
The devastation in the US retail sector is accelerating in 2017, and in addition to the surging number of brick and mortar retail bankruptcies, it is perhaps nowhere more obvious than in the soaring number of store closures.
American retailers are closing stores at a record pace this year as they feel the fallout from decades of overbuilding and the rise of online shopping.
More Americans between the ages of 18 and 34 live with their parents than with a spouse, according to a new study.
Subway Restaurants closed hundreds of domestic locations last year, marking the biggest retrenchment in the history of a chain that spent decades saturating America with restaurants.
While extolling the virtues of American consumers and praising the US economy, Warren Buffett has started seeking the help – and funds – of Chinese oligarchs to sell houses from his real estate brokerage HomeServices. According to Bloomberg’s Berkshire’s real estate brokerage, HomeServices – currently the second-largest U.S. residential real estate brokerage – acquired as part of Buffett acquisition of an energy business, “is expanding its global reach with a push to attract wealthy Chinese citizens to purchase homes in the U.S”, in the process diverting “hot” Chinese money to the US (see Vancouver and Toronto for the outcome).
US aircraft manufacturer Boeing has announced new involuntary layoffs to reduce costs, one of the company’s many such arrangements this year to save its faltering profits.