Customers at a Safeway store in San Francisco.Getty ImagesAmerican banks have been shuttering branches located within supermarket chains at a rate seven times faster than other locations amid the industry's profit squeeze and customers' migration to digital channels.Banks closed 10.7% of their in-store branches in the year ending June...
Ford Motor Company's electric F-150 Lightning on the production line at their Rouge Electric Vehicle Center in Dearborn, Michigan on September 8, 2022. Jeff Kowalsky | AFP | Getty ImagesShares of Ford Motor traded sharply lower Friday after the company reported earnings that missed estimates and said that demand for...
Northeast Dallas in Texas is the neighborhood buyers are most interested in, according to a new report.Halbergman | Istock | Getty ImagesWhere a child grows up in the U.S. is becoming an increasingly critical component toward determining their future economic status.Research from economists at Brown University, Harvard University and...
JPMorgan Chase CEO Jamie Dimon will begin to sell 1 million shares of the bank he runs next year, the company said Friday in a filing.The plan sparked concern that Dimon, who is 67 years old, could be contemplating retirement. Dimon is arguably the country's top banker; he has...
Signs offering COVID-19 vaccinations are seen outside of a CVS pharmacy in Washington, DC.Mandel Ngan | AFP | Getty ImagesMany pharmacy employees at some of the largest U.S. drugstore chains say they're reaching a breaking point. On top of verifying, filling and dispensing prescriptions, pharmacists and support staff are responsible...
Inflation accelerated in September but consumer spending was even stronger than expected, according to a Commerce Department report Friday.The core personal consumption expenditures price index, which the Federal Reserve uses as a key measure of inflation, increased 0.3% for the month, in line with the Dow Jones estimate and...
An intensifying bond rout is piling pressure on the global economy and creating a "tremendously dangerous" outlook for equities, the chief investment officer of Livermore Partners hedge fund said Friday.A new era of higher interest rates has caused bond yields to surge, hampering returns for investors and flipping on...
Check out the companies making headlines before the bell. Amazon — Amazon's stock surged 7% after the e-commerce giant reported strong third-quarter results and showed a 13% jump in revenue for the period. Earnings per share came in at 94 cents for the period, 36 cents above expectations, per...
A Chevron gas station on December 05, 2022 in Houston, Texas.Brandon Bell | Getty ImagesChevron posted a third-quarter profit that missed Wall Street estimates by a wide margin, sending its share price down in premarket trading.Oil company earnings have slumped from record year-ago levels as crude prices eased and...
Fuel prices are displayed at an Exxon Mobil Corp. gas station in Arlington, Virginia, U.S., on Wednesday, April 29, 2020.Andrew Harrer | Bloomberg | Getty ImagesExxon Mobil on Friday posted a $9.1 billion third-quarter profit, an about 54% drop from record earnings a year ago but up from the...