Starbucks CEO Kevin Johnson is retiring, and Howard Schultz is returning as interim chief
Starbucks hopes to find a permanent successor for Johnson by this fall.
Chipotle is testing a robot that makes tortilla chips — and its name is ‘Chippy’
Chipotle is working with Miso Robotics on developing a machine that would cook and season the restaurant chain's tortilla chips.
5 things to know before the stock market opens Wednesday
The Fed is expected to raise interest rates for the first time since December 2018, while Russian and Ukrainian officials suggest some progress on peace...
Retail sales come up short in February as inflation slows consumer spending
Advance retail sales grew 0.3% for the month, slightly below the 0.4% Dow Jones estimate.
Oil market heads for ‘biggest supply crisis in decades’ with Russia’s exports set to fall, IEA says
The International Energy Agency said 3 million barrels per day of Russian production could be lost beginning next month, squeezing an already tight global oil...
Inflation is causing some older Americans to delay retirement plans, survey shows
Inflation is causing some older Americans to postpone major life events, including retirement, according to a Nationwide survey.
Why the Federal Reserve raises interest rates to combat inflation
Consumers hit with higher prices due to inflation likely aren't looking forward to interest rate hikes from the Federal Reserve. Here's why the Fed does...
Single-family rent prices are surging at a record rate, led by homes in Sun Belt cities like Miami and Phoenix
Single-family rents were up 38.6% in Miami, compared with just a 2% jump for the city in January 2021.
Wholesale inflation climbed 0.8% in February, lower than estimate but still up 10% from last year
The headline producer price index rose 0.8% in February, which actually was slightly lower than the 0.9% Dow Jones estimate.