Economy

Economy
Economy

Verizon scales back a perk that keeps prices low for customers

Verizon is quietly scaling back a perk it includes in its wireless and internet plans as it works to retain price-conscious customers. The carrier has been struggling with customer retention in recent years amid several price increases.  On an earnings call in January, Verizon CEO Dan Schulman said that the company lost roughly 2.25 million

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Economy

Diner franchisee closes locations ahead of Chapter 7 bankruptcy

Financially strapped dining chains often turn to business lenders for loans to buy time to turn around their operations. Certain restaurant owners are able to cure their economic problems and continue operating, but others who fail to reverse their financial distress will need to close restaurant locations, lay off employees and file for bankruptcy protection.

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Economy

RBC just backed Shake Shack (SHAK) despite its 2026 slide

Shake Shack (SHAK) has had a rough 2026, and the stock now sits about 19% lower for the year. However, a Wall Street firm thinks that decline has gone far enough. On Sept. 8, 2026, RBC Capital Markets started coverage of the burger chain with an Outperform rating and an $89 price target. That target

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Economy

Home Depot tries to copy major Costco perk

If you’ve ever taken on a home renovation project, you probably know the feeling: You make a quick trip to Home Depot for one item, leave with a cart full of supplies, and realize you bought the wrong materials or didn’t buy enough, leading to a repeat trip. For new homeowners, the experience can be

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Economy

Another travel agency shuts down after 19 years

With different estimates pinning the total number of travel agencies registered in the United Kingdom in 2026 at between 16,887 to 17,519, the country surpasses many others on this front due to a historically strong travel culture and national interest in group tours and package holidays. But amid the rise of online booking platforms and

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Economy

Popular women’s clothing chain closes 177 stores

While I buy most of my clothes from Amazon, when I needed a new wardrobe for a video shoot, my wife and I went on a tour of local retailers. Since I needed shirts that would hold up well in hot weather, we went to Target and Bass Pro Shops, and as much as I

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Economy

Starbucks changes iconic recipe, angering customers again

Over the last few years, Starbucks made several operational moves that frustrated its core customers. To cut operational delays and improve profit margins, the chain has repeatedly overhauled its offerings, pricing, and rewards program.  About three years ago, Starbucks increased the number of loyalty “stars” required to redeem free drinks, food, and merchandise, and it

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Economy

GameStop store closures could benefit Target

GameStop has focused on cost-savings and expanding the bottom line in recent years. Store by store, market by market, CEO Ryan Cohen has trimmed the video game chain down to a leaner, cash-rich version of what it used to be. Most headlines about GameStop (GME) over the past 12 months have focused on its bitcoin

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Economy

Prominent seafood chain continues closing restaurants after bankruptcy

After bankruptcy, ongoing restaurant closures, a sweeping restructuring, and years of financial pressure, a once-iconic seafood chain continues to shutter locations as it works to stabilize its business. The changes come as the company attempts to rebuild after a turbulent period that pushed the nearly 60-year-old restaurant chain into bankruptcy and led it to close more

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Economy

Grocery chain closes its only store in town, leaving locals behind

An independent grocery chain is preparing to close its only location in one community after 17 years, leaving residents without a nearby full-service grocery store or pharmacy. The move comes as grocery retailers continue to face intense competition from large supermarket chains and discount retailers, putting pressure on smaller operators to maintain profitable store networks.

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