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Investments and Business

Powell Says Strong Economic Data ‘Could Warrant’ Higher Rates

Evan Harrington

Jerome H. Powell, the chair of the Federal Reserve, reiterated the central bank’s commitment to moving forward “carefully” with further rate moves in a speech on Thursday. But he also…

Investments and Business

Those Doritos Too Expensive? More Stores Offer Their Own Alternatives.

Evan Harrington

The snack chips had become pretty pricey.For years, customers stopping at Casey’s General Stores, a convenience store chain in the Midwest, hadn’t thought twice about snagging a soda and a…

Investments and Business

Rite Aid Is Closing 154 Stores

Evan Harrington

On Sunday, Rite Aid, once the largest U.S. pharmacy chain, filed for bankruptcy court protection from its creditors and vowed to remake the company as a “modern neighborhood pharmacy.”Now, in…

Investments and Business

American Household Wealth Jumped in the Pandemic

Evan Harrington

American families saw the largest jump in their wealth on record between 2019 and 2022, according to Federal Reserve data released on Wednesday, as rising stock indexes, climbing home prices…

Investments and Business

New Report Documents How Easily Children Can Access Graphic War Images

Evan Harrington

Violent, distressing imagery related to the conflict between Hamas and Israel, including graphic posts showing dead children and adults, are easily accessible to young users on platforms such as Instagram,…

Investments and Business

For Bill Ford, ‘Every Negotiation Is a Roller Coaster’

Evan Harrington

As a 25-year-old junior executive at the car company that bears his last name, William Clay Ford Jr. had a bracing introduction to labor negotiations when a union official demanded…