Home goods retailer files for bankruptcy, to close over 70 stores
The company said store closures will span 13 states.
Inflation unexpectedly fell to 3% in June
The consumer price index (CPI), a broad measure of how much everyday goods like gasoline, groceries and rent cost, dropped 0.1% in June from the previous month. It marked the first monthly decline since May 2020.
California fast food workers now earn $20 per hour - employers respond by cutting hours
In the first two months after the law passed April 1, the industry gained 8,000 jobs, compared to the same period in 2023.
US store openings currently outpace closures by 20%, report says
Several notable stores have opened new locations amid some others closing their doors. See which stores are coming to or leaving your area in 2024.
El Pollo Loco's 'crazy' drive-thru prices send woman home
Restaurants including In-N-Out, McDonald's, Wendy's, Taco Bell, Chipotle, and Burger King have all raised menu prices to offset the labor costs after California increased the minimum wage for fast food workers back in April.
California family's $444 receipt from Trader Joe's goes viral on social media: 'Insane'
The $444 grocery haul feeds a family of 8 for around 10 days, the video claims.
U.S. unemployment rate rises to 4.1% with 206,000 jobs added in June
U.S. employers added 206,000 jobs in June, exceeding expectations, with the unemployment rate rising to 4.1%, while April and May job data was revised down, average hourly earnings increased by 3.9%, and hiring was strong in government, social assistance, and health care, influencing potential Federal Reserve rate cuts.
‘Million Dollar Listing: Los Angeles’ stars warn ‘not just rich people’ affected by city’s ‘mansion tax’
In 2022, Los Angeles voters passed Measure ULA, a transfer tax nicknamed the "mansion tax," in 2022. The measure imposes a 4% charge on property sales above $5 million and a 5.5% charge on sales higher than $10 million.
Bay Area councilmember abruptly resigns, says he cannot afford cost of living
A longtime Newark city councilmember has abruptly resigned, citing the high cost of living in the Bay Area.
Hooters is closing several 'underperforming' US locations
Hooters is closing several "underperforming" restaurants across the U.S., joining a growing list of dining chains facing tough times.
Limited Too, early 2000s mall favorite of preteens, teases a comeback
Limited Too, a tween clothing retailer known for its bright, funky style, has reemerged on social media with an announcement of a comeback.
Olive Garden raising menu prices again
The CEO of Olive Garden's parent company said the price increases will "be more in line with inflation."
Major retailers closing doors amid inflation, lower consumer demand
Major retail chains are being forced to close thousands of brick-and-mortar stores across the U.S., with a number of reasons cited for the shutdowns.
US housing shortage grew to 4.5 million homes amid affordability crisis, data reveals
The study reveals the housing shortage grew, underscoring one of the root causes of the housing affordability crisis.
Sen. Cruz introduces bill to make tips exempt from federal income taxes
Sen. Ted Cruz introduced a bill that would exempt tips from the federal income tax.
29% of borrowers say student loan debt will have a major influence on their vote, survey finds
Nearly a quarter of the people polled in the survey say they struggle to afford their monthly student loan payments.
California residents are worst tippers in America, data shows
California ranked dead last at the bottom of the list, with an average tip of 17.9%.
Fed holds interest rates steady, projects just one cut this year
The Federal Reserve on Wednesday held interest rates steady for the seventh straight time and scaled back the outlook for rate reductions later this year as high inflation lingers.
Here's who's hiring teens this summer – and which jobs pay the most
Young workers account for about a third of all new hires each June. Here's which jobs hire the most teens – and which ones pay the most.
More than a quarter of Americans admit to skipping meals due to skyrocketing grocery costs: Report
26% of respondents claimed they purchased unhealthy foods for themselves or their families because of inflation.