Economy

Economy
Economy

Dividend King pays Warren Buffett’s Berkshire $848M each year

Warren Buffett does not talk about Coca-Cola like a typical stock. He talks about it like an old friend that keeps showing up with a check. Every year, Coca-Cola (KO) sends Buffett’s Berkshire Hathaway a dividend payment large enough to buy a small company outright. And for six decades running, that check has gotten a

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Economy

Ulta Beauty has left Target, here’s what’s replacing it

When Target and Ulta Beauty decided to end their five-year partnership, the department store put out a terse statement about the impending divorce. “Ulta Beauty and Target Corporation announced that they have mutually agreed not to renew the Ulta Beauty at Target shop-in-shop partnership when the current agreement concludes in August 2026. Until then, the

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Economy

Fashion giant closes another store amid retail shakeup

A familiar fashion name is quietly reshaping its retail footprint, with another store now shutting its doors permanently. The latest closure comes as the company reassesses how its stores fit into a changing retail landscape, making the shutdown part of a larger story that extends well beyond a single location. Founded in 1967 as a

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Economy

Home Depot faces uphill battle amid a growing customer problem

Home Depot has been struggling to reverse a concerning customer trend that continues to impact sales, despite recent efforts to boost demand. In the second quarter of this year, the home improvement chain’s comparable U.S. sales increased by 1.3% year over year, according to its latest earnings report. However, its in-store foot traffic declined during

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Economy

Guilty pleasure fast-food chain promises 100s more closures

Just because you close a business does not mean its expenses end. In many cases, severance is either legally mandated or agreed upon in contracts with employees. You also have vendor bills, and of course, if you have a long-term lease, that obligation does not terminate just because the business has closed. To put this

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Economy

One company stands to gain as bankruptcy wave hits solar sector

The U.S. solar industry is going through one of the sharpest divisions investors have seen in years. On one side, companies that put panels on family homes are failing one after another, with more than 100 filing for bankruptcy or shutting down since 2023. On the other side sits First Solar (FSLR), a company that

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Economy

Longtime fast-food chain quietly exits an entire state after 50 years

American love for sandwiches is best presented in “Friends” when the lovable Joey shows he is ready to take a bullet to save his favorite meatball sub.  While most of the consumers certainly wouldn’t risk their lives for any kinds of sub, the scene perfectly exaggerates the deep, primal bond Americans have with sandwich culture.

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Economy

Walmart makes key move to compete with Amazon

Walmart has figured out something important about Amazon: The battle for shoppers isn’t just about who can get a package to the front door faster. It’s also about becoming part of a customer’s routine. That is why Walmart’s latest move to expand its Walmart+ membership program makes a lot of sense.  The retailer recently added

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Economy

170-year-old whiskey brand facing Chapter 7 bankruptcy

Having a storied beginning and a deep history, even a legendary story, does not guarantee future success. “Uncle Nearest Premium Whiskey honors the world’s first-known African American master distiller, Nearest Green. It was the first spirits brand in the world to be named after a Black American,” the company explained on its website. Nearest famously

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Economy

Sportswear giant ends 10-year partnership amid store closures

A leading sportswear company is pulling back from another high-profile partnership as it works to simplify its business and sharpen its focus. The decision ends a nearly decade-long collaboration with one of the biggest names in sports and entertainment. It also comes less than a year after the company ended another major partnership, as softer

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