United States

The mysterious companies behind Costco’s Kirkland Signature and Trader Joe’s O’s The companies behind store brands like Kirkland Signatur The real story behind store brands

by
The mysterious companies behind Costco’s Kirkland Signature and Trader Joe’s O’s The companies behind store brands like Kirkland Signatur The real story behind store brands

New York CNN Business — Signature Kirkland. Two dollar chuck. Simple truth. Cat and Jack. Great value. Amazon basics. Private labels have never been so popular. They have become forces in their own right and account for about 21% of the US food industry’s $1.7 trillion sales, according to IRI. As prices rise, private labels … Read more

Lackluster OPEC quota hike won’t solve tight oil market

by
Lackluster OPEC quota hike won’t solve tight oil market

Yesterday, OPEC and its Russian-led partners agreed to increase their combined oil production by 100,000 bpd in September. Reports note that the decision follows calls from the United States and other big consumers for more oil. However, an additional 100,000 barrels per day is unlikely to be enough to drive prices down much further. The … Read more

How to check if you may be affected by a bad credit score from Equifax

by
How to check if you may be affected by a bad credit score from Equifax

If you took out a loan earlier this year, you might hear from your bank about an error that may have been part of their loan decision. One of the Big Three credit reporting companies, Equifax, announced this week that a coding issue led to the company providing inaccurate consumer credit scores to lenders between … Read more

Alibaba (BABA) fiscal first quarter results in June

by
Alibaba (BABA) fiscal first quarter results in June

Alibaba has faced growth challenges amid tighter regulations in China’s tech sector and a slowdown in the world’s second-largest economy. But analysts believe the e-commerce giant’s growth could accelerate through the end of 2022. Kuang Da | Jemian News | CGV | Getty Images Alibaba on Thursday reported fiscal first-quarter results that beat expectations, pushing … Read more

Stocks rally after Wall Street rebound

by
Stocks rally after Wall Street rebound

SINGAPORE — Asia-Pacific stocks traded higher on Thursday after Wall Street rallied and as investors retreated from tensions sparked by the controversial visit of U.S. House Speaker Nancy Pelosi, Taiwan. Hong Kong’s Hang Seng Index jumped more than 2% earlier in the session and was last up 1.45%. The Hang Seng Tech index rose 2.21% … Read more

Walmart lays off company employees after slashing forecast

by
Walmart lays off company employees after slashing forecast

Exterior view of a Walmart store on August 23, 2020 in North Bergen, New Jersey SEE press | Corbis News | Getty Images Walmart confirmed on Wednesday that it began laying off company employees about a week after the company cut its profit outlook and warned that consumers had cut discretionary spending due to inflation. … Read more

GM Super Cruise hands-free system expands to cover 400,000 miles

by
GM Super Cruise hands-free system expands to cover 400,000 miles

This green light means you can take your hands off the wheel. Just keep your eyes on the road! Mc Hogan | CNBC DETROIT – General Motors is expanding its hands-free Super Cruise system to the United States and Canada later this year, introducing the feature for non-interstate roads and highways such as Route 66 … Read more

Rent prices are skyrocketing in these 5 metros. What you need to know before moving

by
Rent prices are skyrocketing in these 5 metros. What you need to know before moving

Angels Ron_Thomas | Getty Images As rising interest rates and soaring home values ​​prevent more families from buying a home, rental demand has soared, with rental prices highest in the sunniest states. Rent prices for single-family homes have ballooned in the first half of 2022, reaching a national average of $2,495 per month – a … Read more

Polio found in NYC sewage as state urges vaccination

by
Polio found in NYC sewage as state urges vaccination

WASHINGTON, Aug 1 (Reuters) – The polio virus was present in sewage in a New York suburb a month before health officials announced a confirmed case of the disease last month, said state health officials on Monday, urging residents to make sure they have been vaccinated. Finding the illness from sewage samples taken in June … Read more

Demand Destruction Could Help America Fill Its Oil Stockpiles

by
Demand Destruction Could Help America Fill Its Oil Stockpiles

U.S. oil inventories are still at multi-year lows for this time of year despite record releases from the Strategic Petroleum Reserve (SPR), with reports of weaker demand for oil. gasoline over the past few weeks due to high prices and a slowing economy. Commercial crude and product inventories have failed to rebuild in recent months, … Read more