According to the Financial Times, U.S. credit card defaults increased to their highest level since the start of the 2008 Great Recession, which is a telling sign that lower-income Americans are struggling after dealing with years of high inflation.
Read More Credit Card Defaults At Highest Level Since Great Recession In 2008
With CVS, Big Lots, and other businesses closing several locations across the U.S. this year, the number of store closures is up by 69%, increasing tremendously in 2024.
Read More Retail, Chain Store Closures Have Surged 69% In 2024: Which Were Affected?
Department store chain Nordstrom will be acquired by its founding family and Mexican retailer Liverpool for $4 billion in an all-cash deal, going private at a time when high-end retailers are struggling with slower consumer demand.
Read More Nordstrom Goes Private In New Deal, Acquired By Nordstrom Family And Mexican Retail Group
Starbucks workers plan to go on a five-day strike starting Friday to protest a lack of progress in contract negotiations with the company.
Read More Starbucks Workers Strike Amid Christmas Rush
The U.S. obesity rate declined for the first time in a decade last year, coinciding with the rise of weight loss drugs such as Ozempic, a new study has found.
Read More U.S. Obesity Rate Declines In 2023 Amid Rising Use Of Weight Loss Products
Following South Korean President Yoon Suk Yeol’s disastrous effort to implement martial law this week, two U.S. sources told Reuters on Thursday that Defense Secretary Lloyd Austin no longer intends to visit South Korea.
Read More Defense Secretary Lloyd Austin Cancels South Korea Visit Amid Martial Law Turmoil