Stew Leonard’s CEO Stew Leonard Jr. weighs in on rising inflation, noting that he is viewing the situation as a long-term issue. Stew Leonard’s CEO Stew Leonard Jr. argued on Wednesday that supermarkets are facing the “perfect storm” amid high inflation and a demand surge. Leonard attributed the demand surge to people not wanting […]
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Inflation surges 7% in December, highest rate in 40 years
Former Forbes Chairman and editor-in-chief Steve Forbes on the market selloff, inflation, the Federal Reserve and Manhattan DA Alvin Bragg defending a soft-on-crime approach. Inflation rose at the fastest pace in nearly four decades in December, as rapid price gains fueled consumer fears about the economy and sent President Biden’s […]
CDC warns against travel to Canada amid COVID-19 surge
Check out what’s clicking on FoxBusiness.com. The U.S. Centers for Disease Control and Prevention (CDC) warned Americans this week against traveling to Canada, due to what it deemed a “Very High” level of COVID-19 infections in the country. In an update, the agency instructed people to “avoid travel to Canada,” […]
U.S. hospitals see rising COVID-19 rates, strain from staff shortages
Dr. David Buchin, the director of bariatric surgery at Huntington Hospital, argues the slowdown of elective surgeries coupled with more overtime pay for staff ‘puts a damper’ on profits for hospitals. As COVID-19 cases reach record highs, hospitals around the U.S. are struggling to meet the capacity of patients. An […]
Home Depot combats organized retail crime with investments
FOX Business’ Madison Alworth reports from Manhattan where the new district attorney plans to ease jail time for most crimes. Home Depot has ramped up its security investments over the past several months as retailers across the United States have been targeted by a surge in organized crime. The facade […]
Consumers spend record $204B on 2021 holiday shopping season
Check out what’s clicking on FoxBusiness.com. Consumers spent more than $204 billion online during the 2021 holiday season, marking a record high despite ongoing supply chain woes coupled with painfully high inflation. According to the Adobe Digital Economy Index, a record $204.5 billion was spent between Nov. 1 to Dec. […]
Some grocery stores have scarce items due to COVID-19 and bad weather
Check out what’s clicking on FoxBusiness.com. Benjamin Whitely headed to a Safeway supermarket in Washington, D.C., on Tuesday to grab some items for dinner. But he was disappointed to find the vegetable bins barren and a sparse selection of turkey, chicken and milk. “Seems like I missed out on everything,” […]
Kim Kardashian, Floyd Mayweather Jr., others sued over cryptocurrency promotion
Check out what’s clicking on FoxBusiness.com. Kim Kardashian, Floyd Mayweather Jr., and Paul Pierce are among a number of celebrities being sued for allegedly leading investors into a cryptocurrency “pump and dump” scam. The celebrities and other defendants are accused of making “false or misleading statements to investors about EthereumMax […]
Medicare limits coverage of Biogen’s $28,000-a-year Alzheimer’s drug
Check out what’s clicking on FoxBusiness.com. Medicare said Tuesday it will limit coverage of a $28,000-a-year Alzheimer’s drug whose benefits have been widely questioned, a major development in the nation’s tug-of-war over the fair value of new medicines that offer tantalizing possibilities but come with prohibitive prices. The initial determination […]
Inflation rate likely spiked to another record high in December
Former Forbes Chairman and editor-in-chief Steve Forbes on the market selloff, inflation, the Federal Reserve and Manhattan DA Alvin Bragg defending a soft-on-crime approach. The newest inflation data out this week is expected to show another jaw-dropping figure as the price for a bevy of everyday consumer goods soared higher. […]