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Federal Reserve Chairman Jerome Powell
Economy is marginally improving but only because the rich are splurging on luxury items and holidays, the Fed says

The Minneapolis Fed said that while retailers catering to higher-end consumers reported increased sales, those targeted at middle and lower-end consumers are “getting pretty beat up.”

By Eleanor PringleJanuary 15, 2026
Can Saks’ new CEO repair the damage done to the luxury retailer by years of being treated as a ‘financial plaything’?
By Phil WahbaJanuary 15, 2026
saks
Saks files for bankruptcy as its CEO sees ‘defining moment’ after multibillion-dollar Neiman Marcus takeover
By Anne D'Innocenzio and The Associated PressJanuary 14, 2026
Walmart teams with Alphabet for AI-assisted shopping on Gemini
By Jaewon Kang and BloombergJanuary 11, 2026
Outgoing Walmart CEO Doug McMillon
Walmart’s CEO Doug McMillon out-earns the average American’s salary in less than 20 hours—during a typical 30-minute commute, he’s already made $1,563
By Emma BurleighJanuary 9, 2026
Latest Stories
Photo of Miles Brundage, a former OpenAI policy researcher who has founded AVERI, a nonprofit institute advocating for independent AI safety audits of top AI labs.
AIExclusive: Former OpenAI policy chief creates nonprofit institute, calls for independent safety audits of frontier AI models
By Jeremy KahnJanuary 15, 2026
NewslettersDenmark’s prime minister is the latest female world leader to tangle with Trump—this time over his efforts to take control of Greenland
By Emma HinchliffeJanuary 15, 2026
Rich young man walking into office
SuccessMoney makes money: Children of parents with expensive mega mansions get offered the best jobs—and new research has revealed why
By Emma BurleighJanuary 15, 2026
Andy Reid
SuccessWant to be an NFL coach? It’s America’s hottest job opening right now and pays up to $20 million with no college degree required
By Preston ForeJanuary 15, 2026
CryptoPerps rising: Lighter CEO Vlad Novakovski believes perpetual futures will power crypto’s future growth
By Leo SchwartzJanuary 15, 2026
A Verizon store in New York, US, on Wednesday, Jan. 14, 2026.
LawVerizon offers $20 account credits for 1.5 million customers outraged by mysterious 10-hour-long service outage. Here’s how to get the credit
By Eva RoytburgJanuary 15, 2026
Personal FinanceShould you go with a bank or credit union for a personal loan?
By Joseph HostetlerJanuary 15, 2026
U.S. President Donald Trump
PoliticsTrump’s ‘Department of War’ rebrand could cost $125 million to replace all the stationery and signs, the CBO says
By Eleanor PringleJanuary 15, 2026
More RetailPage 99 of 100
Elizabeth Gilbert
Lifestyle‘Eat Pray Love’ author Elizabeth Gilbert backtracks on ‘regrettable’ decision to set new novel in Russia, cancels book entirely
By Hillel Italie and The Associated PressJune 12, 2023
RetailCardboard sales are a reliable barometer for consumer spending and the economy—and it’s not looking good
By Tarso Veloso, Dayanne Sousa and BloombergJune 12, 2023
LifestyleRolex watches once owned by Oscar-winner Paul Newman and tied to his passion for car racing sell for more than $1 million each
By Xinyi Luo and BloombergJune 9, 2023
Ann-Caroline Prazan
LifestyleBernard Arnault crown jewel opens its archives to reveal the world’s first lipstick, first perfume—and Queen Elizabeth II’s private stash
By Thomas Adamson and The Associated PressJune 9, 2023
CommentaryThe CEO behind the success of Lululemon and Reebok: ‘A reckoning is coming as Gen Zers hold retailers accountable for single-use plastics’
By Bob MeersJune 9, 2023
A picture of a kid playing with play-doh
RetailThe struggling toymaker behind Dungeons & Dragons and Play-Doh is banking on middle-aged shoppers as the ‘heart and soul’ of its business
By Prarthana PrakashJune 9, 2023
RetailThere’s now proof of the loneliness epidemic and how COVID devastated dating—a drop in Signet engagement ring sales
By Rachel ShinJune 8, 2023
CommentaryA handful of companies have the power to save the oceans. Here’s why we’re urging them to reinvent our land-based food systems
By Ellen MacArthur and Wendy SchmidtJune 8, 2023
RetailShares in one-time meme stock darling GameStop plunge 20% after firing its CEO and reporting lackluster sales amid a struggle to revive its stores
By Cecilia D'Anastasio and BloombergJune 7, 2023
The original listing and sale price of the fraudulent Speedmaster on the Phillips website.
RetailCriminal plot to sell ‘Frankenstein’ fake Speedmaster watch for a record $3 million was aided by Omega employees, watchmaker says
By Eleanor PringleJune 7, 2023
CommentaryBrands that get caught up in the culture wars don’t know themselves–or their customers
By Richard TorrenzanoJune 7, 2023
CommentaryThe ‘Elon Paradox’: He sells Teslas–but you’d expect him to drive a Ram. Here’s what your car says about your politics
By Mike Shannon and Will FeltusJune 6, 2023
Fewer people are reaching for a Bud Light.
RetailBud Light only has a few months to prevent sustained market share loss, warns former Anheuser-Busch sales exec
By Christiaan HetznerJune 5, 2023
A Lululemon store in Detroit.
RetailLululemon CEO stands by decision to sack staff for chasing thieves out of a store—and would do it again in the name of safety: ‘It’s only merchandise’
By Eleanor PringleJune 5, 2023
MagazineCan home shopping become cool? Qurate CEO David Rawlinson wants to bring QVC and HSN into the streaming era
By Paolo ConfinoJune 5, 2023
RetailBig companies from PepsiCo to General Motors are still backing Pride events even after Target and Bud Light face anti-LGBTQ+ backlash
By Dee-Ann Durbin, Anne D'Innocenzio and The Associated PressJune 5, 2023
LeadershipBeverly Hills isn’t so luxury obsessed after all. Voters there just turned their noses up to a new chic hotel from billionaire Bernard Arnault
By John Gittelsohn and BloombergJune 2, 2023
RetailFord says some Lincoln SUVs should only be parked outdoors because they can catch fire—even with the engine off
By The Associated PressJune 2, 2023
U.S. consumers are pulling back on discretionary spending.
RetailAs job market soars, major U.S. retailers are predicting recession amid surprise consumer pullback
By Christiaan HetznerJune 2, 2023
A group of shoppers going into a Lululemon store
RetailChinese consumers are flocking back to high-end goods as Lululemon reports a 79% jump in China sales
By Prarthana PrakashJune 2, 2023
LifestyleFrom firing 9,000 people after a buyout to earning the nickname ‘The Terminator,’ this is how LVMH CEO Bernard Arnault made his money
By Orianna Rosa RoyleJune 1, 2023
A lady browsing through a book at a bookstore
RetailTop publishing CEO says people are reading more because streaming services are too expensive: ‘You’d get 2 books every month’ for the cost of Netflix
By Prarthana PrakashJune 1, 2023
Retail‘Listen to your employees’: Amazon workers walk off the job to protest climate and return-to-the-office policies amid massive layoffs
By Matt Day, Spencer Soper and BloombergMay 31, 2023
LifestyleYeezys go back on sale as Adidas liquidates its inventory after Kanye West debacle
By Chris MorrisMay 31, 2023
FinanceAmazon headquarters workers set to walk out over layoffs and return-to-office mandate
By Ed Komenda and The Associated PressMay 31, 2023
CommentaryU.S. employers have gone from opposing international labor standards to hiding behind them. Now a complaint is trying to stop U.S.-style union busting from taking over the world
By Christy HoffmanMay 29, 2023
RetailHere’s what’s open (and closed) on Memorial Day 2023
By Chris MorrisMay 29, 2023
Lankford funeral home
RetailIndiana funeral director pleads guilty to 40 counts of theft after he just didn’t bury or cremate dozens of bodies
By The Associated PressMay 27, 2023
Elvers
RetailBaby eels are so valuable to Asian companies that Maine fishermen get $2,000 per pound for them
By Patrick Whittle and The Associated PressMay 27, 2023
A person smiling and eating a bowl of popcorn
RetailGen Z and millennials aren’t just rebelling by swapping meals for snacks—they want something ‘experiential’ for TikTok, Oreo’s analytics chief says
By Prarthana PrakashMay 27, 2023
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Personal Finance
Peter Thiel makes his biggest donation in years to help defeat California’s billionaire wealth taxAn image of a popular article
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'Godfather of AI' says the technology will create massive unemployment and send profits soaring — 'that is the capitalist system'An image of a popular article
By Jason MaJanuary 12, 2026
AI
Being mean to ChatGPT can boost its accuracy, but scientists warn you may regret itAn image of a popular article
By Marco Quiroz-GutierrezJanuary 13, 2026
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