People are spending more on groceries. But they’re buying less

cnn.com The past few months of robust grocery store sales would suggest that shoppers aren’t stretched for cash. But that’s not the full story. Food manufacturers like Kellogg (K),…

Vienna Beef opening $20M plaza in Chicago's Bucktown

chicagotribune.com Vienna Beef, the company best known for the iconic Chicago-style hot dog, announced plans Tuesday to redevelop its former home in the Bucktown neighborhood into a new…

An “Existential Fight” Looms If Actors Join the Writers Strike

hollywoodreporter.com Not since 1980 — when they shut down production over residuals from now-quaint tech like videotapes and cable TV — have Hollywood’s actors gone on strike against the major…

BJ's Wholesale Club Holdings, I (BJ) Stock Forecasts

finance.yahoo.com BJ's Wholesale Club Holdings owns BJ's Wholesale Club, which operates a chain of warehouse clubs on the East Coast. BJ's positions itself between traditional grocery stores…

Jim Cramer's top 10 things to watch in the stock market Tuesday

cnbc.com My top 10 things to watch Tuesday, June 6 1. The federal government versus the crypto industry. The SEC before the bell Tuesday sues Coinbase (COIN), accusing the company of…

Celsius Jumps Nearly 5% As Piper Sandler Boosts Price Target

marketbeat.com For many consumers, energy drinks have evolved into a product characterized as “must haves,” which fall under the consumer staples category. One of the category leaders, in…

For Wall Street's newest interns, it's important to keep things in perspective no matter how things end up

businessinsider.com Hey there! Dan DeFrancesco in NYC, and here is further proof why you should never doubt Costco. Today, we've got stories on a talent exec at a massive finance firm detailing…

I make $169,000 a year and these are the 7 things I'll keep splurging on even during an economic slump

businessinsider.com Elissa Voris. Courtesy of Elissa Voris Elissa Voris is a senior manager of cloud media solutions engineering at Dolby. Voris earns enough income to pay her bills and have…

‘Burn It Down’ Explores ‘SNL’ and Its “Culture of Impunity” (Exclusive Excerpt)

hollywoodreporter.com “For decades, SNL has been a frequently terrible, punishing experience for a lot of people who worked there or ended up in the show’s orbit.” That’s part of how author…

Walmart is found not liable after detaining a customer who refused to show receipts at the door

businessinsider.com Customers can refuse to show receipts for purchases at Walmart. Scott Olson/Getty Images William Montgomery repeatedly refused to show receipts for his purchases at…

Costco Has Some Surprising Good News for Your Wallet

thestreet.com Grocery prices have been higher, but people have very little perception of what that means because inflation isn't uniform, especially in grocery stores. Yes, the price of…

Morgan Stanley Says S&P 500 Will Slide 9% By Year's End--But These Stocks Could Weather The Storm

forbes.com The S&P 500 will soon wipe out all of its year-to-date gains as the market properly prices in the weak macro environment, Morgan Stanley strategists said in a Monday note to…

Alarm bells were ringing about a potential US recession, but then this week’s jobs report landed

cnn.com US recession worries aren’t dead. But they may have passed into a coma at 8:30 am ET on Friday. That’s when the Labor Department released its latest jobs report, which…

Some West Coast shipping ports closed, Hawaii residents stocking up

khon2.com Labor issues are causing some shipping ports on the West Coast to close. Officials here in Hawaii said this has happened before and there is no need to panic at this time,…

Costco CFO says customers switching from beef and steak to cheaper meats may indicate looming recession

foxbusiness.com Costco CFO Richard Galanti said late last month that some customers are switching from buying more expensive meats like steak and beef at the store to cheaper ones like…

Buy an Annual Costco Membership for $60 and Get a Bonus $30 Gift Card

cnet.com With the cost of groceries on the rise, trying to feed the whole family can get expensive. That's why it's important to find savings wherever you can. One way to cut back on…

Costco shoppers shifting away from specific item; CFO says it’s indicator of recession

thehill.com Costco’s shoppers were less often choosing to purchase beef or steaks from the stores’ meat departments in recent months — a trend indicative of a recession or at least…

Don't worry, Costco isn't raising the price of its membership

businessinsider.com Costco's CFO recently said the chain has no plan to raise membership prices just yet even though the fees are due for a hike. David Zalubowski/Associated Press Costco fans…

Deep Dive: 13 retailers posted a good earnings season based on two key measures. Are their stocks worth a look?

marketwatch.com Every earnings season there are retail horror stories but also some companies that stand out in a competitive environment. Below is a list of 13 U.S. retailers that have put…

With these many jobs, do we no longer have to worry about a recession?

edition.cnn.com US recession worries aren’t dead. But they may have passed into a coma at 8:30 am ET on Friday. That’s when the Labor Department released its latest jobs report, which…

This Is the Most Loved Company of 2023, According to a New Report

entrepreneur.com A new Axios and Harris Poll ranked the 100 most visible U.S. companies. After billionaire Elon Musk took over Twitter and made sweeping changes to the social media…

What Recession? How High-End Lululemon Compares To Discount Dollar General, Walmart, Costco

benzinga.com Lululemon Athletica, Inc LULU shares spiked after the retailer reported 24% sales growth and raised its full-year guidance. Shares of the athleisure company rose by 11.3% on…

Here's our first-quarter earnings report card for every stock in the portfolio

cnbc.com Fears of an earnings recession this quarter were overblown: Once again, companies largely exceeded expectations. One obvious reason for that outperformance is that many…

Macy's and Dollar General slash sales outlook as consumer spending wanes

dailymail.co.uk Retailers from Macy's to Dollar General have issued warnings on consumer spending, slashing their sales forecasts and citing an increasingly challenging economic…

Despite soaring jobs market, major U.S. retailers warn consumers are puling back

fortune.com Investors on Friday were treated to blowout labor market data and an end to the weeks of debt ceiling turmoil, lifting the Nasdaq past its August peaks to mark a fresh…

Target loses $4B in less than a week as stock price continues to slide

newsweek.com Target's stock price has continued to slide over the past week, with the company—one of the largest retail chains in the country—losing $4 billion in market cap since May…

Why Dollar General is finally feeling slower consumer spending

businessinsider.com Dollar General shoppers are pulling back on discretionary purchases, hurting the retailer's earnings. • Smaller tax refunds and inflation are some of the reasons why, its…

An ‘unbelievable deal’? Beyoncé and Jay-Z reportedly purchase most expensive home in California ever

theguardian.com Beyoncé and Jay-Z have reportedly snapped up a $200m oceanfront mansion in Malibu, an acquisition that appears to break the record for the most expensive home in California.…

Costco’s Troubles

247wallst.com Costco Wholesale Corp. (NASDAQ: COST) is often cited as the best-run large retailer in the United States. The opinion shows in the company’s share price. It is up 13% this…

These 18 brands have the best and worst reputations in America right now

fastcompany.com Patagonia and Costco beat tech giants like Amazon and Apple, and there’s bad news for Elon Musk on multiple fronts. Axios has published the results of its 2023 Axios Harris…

It's not just the Costco $1.50 hot dog combo

cnbc.com Customers wait in line to order below signage for the Costco Kirkland Signature $1.50 hot dog and soda combo in Hawthorne, California. The widespread inflation that started…

Jim Cramer's top 10 things to watch in the stock market Friday

cnbc.com My top 10 things to watch Friday, June 2 1. Jobs growth 339,000 in May versus 190,000 expected. Wages decelerate. Unemployment rate rose to 3.7% versus decline to 3.5%…

Dollar General’s cash-strapped customers are turning to food banks, CEO says

cnn.com Editor’s Note: A version of this story appeared in CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free, here. Dollar General’s stock just had one of…

Macy’s is slashing prices in tough economic times. Some shoppers head to Walmart instead

fastcompany.com Spring didn’t come fast enough for retailers such as Macy’s and Costco, which typically cater to middle- and high-income shoppers. Macy’s is the latest retailer to highlight…

Macy’s and Costco sound a warning about the economy

cnn.com Macy’s, Costco and other big chains say shoppers are pulling back at their stores and changing what they buy. That could be a red flag for the US economy. Macy’s (M) on…

Jim Cramer says the Fed needs to slow down before making a rash decision

cnbc.com CNBC's Jim Cramer told investors on Wednesday that the Federal Reserve needs to calm down before it makes a rash decision about rate hikes that could make the market even…

'Trump Bucks' retailers' websites taken down, days after being exposed for selling bogus currency

nbcnews.com The companies who appear to have swindled supporters of former President Donald Trump out of tens of thousands of dollars by peddling them bogus “Trump Bucks” no longer have…

Walmart Raises Wages for Pharmacists and Opticians

nytimes.com Walmart opened its first health center in 2019 and plans to have more than 75 across the country by the end of next year. The retailer, which sees its health care business…

Even Pennsylvanians Can Now Buy Wine in Grocery Stores, but New Yorkers Still Can't

reason.com When I lived in New York City a couple of decades ago, you could buy beer in grocery stores but not wine. Although that remains true, a bill introduced by state Sen. Liz…

Costco Gives Members a Surprise Gift

thestreet.com Costco leadership fully understands the business relationship the warehouse club has with its members. People pay $60 a year for a regular membership or $120 for an…

These are the 7 most loved brands in America

cnbc.com If you're a fan of Costco or Trader Joe's, you're not alone: They're two of the most beloved brands in the U.S., according to the recently released 2023 Axios Harris Poll…

Indicators That Show The Recession Is Now

zerohedge.com Indicators That Show The Recession Is Now Authored by Jeffrey Tucker via The Epoch Times, I’m not going to be one of those prognosticators who finds evidence of my…

Companies With the Best Reputations

247wallst.com Some of the most favored companies offer high-quality and innovative products, prioritize customer service, operate ethically, and in some cases speak up on some political…

Costco customers are bypassing the beef aisle to shop for chicken and pork as a recession looms

businessinsider.com Costco is seeing sales shift rom Justin Sullivan/Getty Images Costco shoppers are ditching pricey meat products for cheaper alternatives. Execs from the warehouse chain said…

Crypto Industry’s Reputation Takes a Hit: FTX and Bitcoin Rank at the Bottom of 2023 Axios Harris Poll 100

bitcoin.com A recent survey conducted by Axios and Harris Poll, which polled 16,310 Americans, has revealed some interesting findings about the reputation of two select entities in the…

Retail Earnings: Kohl's Surges, ELF Beauty's A Buy; Rival Ulta Beauty Dives

investors.com Dollar Tree tumbled this week after lowering its guidance in its mixed Q1 report. Kohl's (KSS) and Russel 2000 component ELF Beauty (ELF) surged Wednesday as the week's wave…

Here’s what’s open and closed on Memorial Day 2023

cnn.com The last Monday of May honors and mourns members of the US armed forces who died serving the country. This year, Memorial Day is on Monday, May 29. Many office workers and…

Stores open on Memorial Day 2023: Your guide to what is (and…

aol.com Published May 29, 2023 at 4:04 AM Purchases you make through our links may earn us and our publishing partners a commission. Today is Memorial Day, which means people across…

Memorial Day 2023: What stores are open and closed?

fortune.com Summer cookout season is finally here. While summer doesn’t officially begin until June 21, Memorial Day is the unofficial kickoff to the lazy days of summer—and the start…

Memorial Day store openings hours at Best Buy, Home Depot, Costco and more

newsweek.com Many businesses, government entities and schools are typically closed on Memorial Day, but a large number of stores do remain open and keep their regular hours in place for…

Sunday links: information as energy

abnormalreturns.com Strategy What lessons are new pandemic-era investors going to learn? (awealthofcommonsense.com) Why the idea of market timing is so seductive. (humbledollar.com) Some words…