The one-year anniversary of the school shooting at Robb Elementary in Uvalde, Texas, comes amid an ongoing investigation into the response by law enforcement during the incident. And Netflix is implementing a password-sharing crackdown in the United States that is set to cost users allowing others “outside their household” on their account an extra $7.99…

As the dust starts to settle following the collapse of Silicon Valley Bank and Signature Bank in March, economists are warning of cracks in the system that started spreading even before the failures. Under conditions of banking turmoil, some are worried credit tightening will become a credit crunch. “I’m getting really nervous now that an economy that I…

Americans take part in Black Friday amid record inflation; Musk grants Twitter amnesty; and Covid lockdown frustrations are growing in China. These stories and more highlight the morning rundown for Friday, Nov. 25, 2022. Black Friday begins amid record inflation It’s the biggest shopping weekend of the year and Americans are ready for deals after…

It’s the most critical time of the year for retail stores but Target isn’t feeling the holiday cheer. The company’s huge miss in earnings in the third quarter sent shares tumbling more than 16% Wednesday morning and forecast more doom for the company’s holiday season. Target said shoppers were increasingly feeling the impact of inflation…

President Biden has announced he will issue pardons to thousands of people convicted of “simple possession” of marijuana under federal law. The House of Representatives has passed legislation that would decriminalize marijuana at the federal level and remove penalties for certain cannabis-related offenses. Another proposal, also controversial, is the idea of giving people with prior marijuana convictions…

The holiday creep is coming even earlier this year. It may only be October, but retailers are jumping in on the too-early holiday deals, featuring Black Friday discounts more than six weeks before the famous shopping day. The push is sparked in part by Amazon Prime’s new Early Access sale, where the company says Prime…

Retailers across the U.S. are considering having customers keep their returns while also offering full refunds. Many of these businesses are suffering from the “bullwhip effect” and toying with the idea that it might be financially wise to let patrons keep merchandise they don’t want. Companies like Target, Walmart, and the Gap have reported that…

According to data from Datasembly, the ongoing baby formula shortage got worse throughout the month of April. After hovering between 2% and 8% in the first half of 2021, the out-of-stock rate of baby formula jumped to 23% in January, 29% in March, 31% in mid-April, and up to 40% by Apr. 24. “Inflation, supply…

Two years ago, the rented fashion business was one of the fastest-growing segments in the trillion-dollar fashion industry. Post-pandemic, companies still standing, like Rent the Runway, are trying to find their footing. Cut off from office-going clientele, Rent the Runway quickly lost nearly two-thirds of its business when COVID-19 hit. Surviving meant changing its strategy…

Meme-stock mania is making itself at home at Bed Bath & Beyond now that one of the movement’s leaders took a big stake in the company. After Chewy founder and GameStop chairman Ryan Cohen announced a 9.8% stake in the home goods retailer Sunday, shares soared 85% Monday morning before settling down to a 34%…