Category: Business

Fernanda Tronco Sat, August 15, 2026 at 6:07 PM EDT 5 min read Once a destination for some of the world’s most selective luxury shoppers, an iconic retailer is facing one of the biggest turning points in its nearly two-century history. Years of financial losses and mounting challenges have put the business under serious pressure

Kirk O’Neil Thu, August 13, 2026 at 9:53 PM EDT 3 min read Consumers’ flight from brick-and-mortar stores in malls became a major problem for retailers as internet sales and e-commerce began taking business away from physical stores in the 1990s. Malls were hit even harder from the shutdowns during the Covid-19 pandemic, with retail

Damilola Esebame Wed, August 12, 2026 at 6:17 PM EDT 5 min read American seniors pay dramatically more for brand-name prescription drugs than patients in 19 comparable countries, and the gap keeps widening each year. AARP published a new report examining 25 top-selling brand-name drugs that account for more than $100 billion in annual Medicare

All Market Update Argus • Aug 12, 2026 Market Update: BTI, MCHP, APTV, TWLO, CAVA Sector(s) Technology, Consumer Defensive, Consumer Cyclical Summary The major stock indices are gently higher at midday. The rate of inflation ticked down last month. Headline CPI came in at 3.4% for July, in line with expectations and versus 3.5% the

While concern continues to rise about the cost of groceries, another major issue is quietly cropping up in your neighborhood: local grocery stores closing. During its June 2025 earnings call, Kroger announced that it would shutter 60 locations over the next 18 months, citing underperformance. The closures also affect other brands under the company umbrella

Coming home to find some of your belongings have been stolen can quickly turn an ordinary day into a stressful, emotional, and financially draining experience. Fortunately, renters insurance typically covers theft, helping to replace items stolen from your home, up to your policy limits. However, not every theft-related incident is covered the same way. Here’s

According to rates from the Zillow lender marketplace, mortgage rates are mostly lower compared to last week. The current 30-year fixed rate fell by 14 basis points to 6.51%, the 15-year fixed rate was unchanged at 6.01%, and the 5/1 ARM fell by 28 basis points to 6.37%. Read more: Weekly survey of mortgage lenders

Neo Fri, August 7, 2026 at 5:58 PM EDT 2 min read Ondo Finance’s derivatives platform has raced past $7 billion in cumulative trading volume, according to data from analytics site DefiLlama, a fast climb for a product that only recently opened to the public. DefiLlama’s figures put Ondo Perps at about $7.03 billion in