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Browsing: Business

Business

Luxury retail giant Saks weighs bankruptcy filing, report

Saks could be the next department store to seek relief in bankruptcy court amid growing liquidity challenges.Saks Global Enterprises, the parent corpo...

Business

Renting vs buying: What's the better option in the current economy?

Renting still offers significant monthly savings over buying in most of the country, but an economist says the long-standing affordability gap is grad...

Business

Workers in 19 states get pay boost as minimum wages jump nationwide on New Year's Day

American workers at the bottom end of the pay scale are set to see the minimum wage rise in 19 states effective on New Year's Day, while three other s...

Business

Outback Steakhouse sued after man suffers 'serious bodily injury' from toilet shattering under him

A Florida man filed a lawsuit against Outback Steakhouse alleging that he was on a handicapped toilet when the seat "suddenly shattered and collapsed"...

Business

Ground beef recalled in 6 states over possible E. coli contamination

Grass-fed ground beef that was distributed to six states has been recalled over possible E. coli contamination, according to the U.S. Department of Ag...

Business

Two airlines nearly collide taking off from Houston's Bush Intercontinental Airport

Two jets narrowly avoided a collision while departing Houston’s Bush Intercontinental Airport earlier this month, prompting a federal investigation.A...

Business

This South Carolina community is becoming a housing hotspot

U.S. homebuyers have been flocking to a fast-growing city situated within South Carolina's Blue Ridge Mountains, according to data from the Census Bur...

Business

Musk sounds alarm on silver as China restricts exports needed for critical industrial processes

Tesla CEO Elon Musk is raising alarm over surging silver prices as China prepares to impose new export restrictions on the precious metal.Musk respond...

Business

US economy expected to grow faster in 2026 despite stagnant job market: Goldman Sachs

The U.S. economy's resilience in 2025 is expected to carry over when the calendar turns to 2026, with growth expected to accelerate as tax cuts and mo...

Business

Small business owners remain 'cautiously optimistic' heading into 2026 amid rising costs, labor challenges

Many small business owners are betting on growth in the year ahead, even as inflation, labor shortages and economic uncertainty continue to pressure o...

Business

Tech billionaires threaten to flee California over proposed 5% wealth tax

Silicon Valley’s wealthiest residents are once again threatening to leave California, this time over a proposed state wealth tax that tech founders wa...

Business

Product recalls surge in 2025: Here are the top 10 products consumers were warned about

Product recalls surged in 2025, reaching their highest level in at least a decade as regulators warned consumers about defects in everything from wate...