California Big Lots managers claim they were fired for chasing down stolen merchandise
A manager at a Big Lots store in California claimed she and her colleague were fired after wrangling back a shopping cart from an alleged shoplifter who made off with a haul of laundry detergent.
Job growth shows resilience in April but also signs of softening
The economy added 253,000 jobs in April, an increase from the previous month but slower than the average gain of 290,000 in the last six months, according to the latest employment report from the Bureau of Labor Statistics (BLS).
Today's best mortgage deal? 15-year terms hit lowest rate since mid-April | May 5, 2023
Check out the mortgage rates for May 5, 2023, which are trending down from yesterday.
Number of new American business applications hits an all-time high
According to data from the U.S. Census Bureau, 5.4 million new business applications were filed in 2021, the highest of any year on record.
Yeezy shoes still piled up in warehouses after split with Adidas
Losing the Yeezy brand is "of course hurting us," the CEO of Adidas said.
Vendors reopen at Reading Terminal Market after power outage
After an unexpected electrical issue closed several vendors at Reading Terminal Market on Thursday power is restored and all stores will be open Friday.
Personal loan interest rates edge down for 5-year loans
The latest trends in interest rates for personal loans from the Credible marketplace, updated weekly.
Fed doubles down on the fight against inflation, raises rates another 25 basis points
The Federal Reserve announced another 25 basis point interest rate increase bringing the federal funds rate to a targeted range of 5% to 5.25%, the highest level in 15 years.
Shell reports $9.6 billion profit as energy prices slip
Shell is the second London-based company this week to post stronger-than-expected earnings, with rival BP reporting that it earned $5 billion in the first quarter.
Here’s why consumers' credit scores got a boost in March: Report
Consumer credit scores increased from last year to an average of 701, and the percentage of consumers scored in the subprime credit
Feds: Kids as young as 10 worked at McDonald's locations in Kentucky
A Labor Department investigation found one franchisee employed 24 kids under the age of 16 to work more hours than legally permitted and children sometimes worked as late as 2 a.m. but were not paid.
Today's biggest mortgage rate decrease? 30-year terms plummet | May 3, 2023
Check out the mortgage rates for May 3, 2023, which are trending down from yesterday.
Some 14 million jobs won't exist globally in 5 years, report says
Here are the jobs that will be most impacted in the years ahead, according to the new report by the World Economic Forum.
Fontainebleau Las Vegas set to finally open after years of setbacks
Company executives for Fontainebleau Las Vegas made the announcement Tuesday morning, more than a year after the company publicly set a goal to open before the end of 2023.
BP reports $5 billion quarterly profit on strong oil, gas trading
BP’s profits have rebounded from last year's losses, and this quarter's earnings have exceeded analysts' expectations. Oil companies have been reporting higher earnings after Russia invaded Ukraine.
Bank deposits fell by more than $76 billion
Bank deposits fell by $76.2 billion in April, following the highly publicized closures of Silicon Valley Bank (SVB) and other tech-focused financial institutions. Moreover, high interest rates continue to put pressure on both banks and consumers.
Biden asks student loan companies to prepare for end to payment pause
The Education Department has notified student loan servicers to prepare for an end to the COVID-19 student loan payment pause.
First Republic Bank seized by regulators, sold to JPMorgan Chase
San Francisco-based First Republic is the third midsize bank to fail in two months and is the second-biggest bank failure in U.S. history.
Former Apple employee ordered to serve jail time, pay restitution for fleecing the company
Dhirendra Prasad’s sentencing for two charges — conspiracy to commit mail fraud and wire fraud and conspiracy to defraud the U.S. — stemmed from an alleged plot that lost Apple over $17 million.
Gas prices dip, offering consumers some relief at the pump: AAA
The national average cost for a gallon of gas dropped by five cents from last week to $3.68, reflecting a dip in oil prices, AAA said.