Egg prices are falling, with a dozen now less than $5
After surging for much of the year, egg prices have declined sharply over the past week as consumers pulled back on purchases, allowing supplies to resettle at more normal volumes.…
Dollar General CEO warns consumers are cash-strapped and says 2025 won’t be better
Dollar General CEO Todd Vasos said on Thursday that inflation continues to hurt the discounter’s customers and that the macroeconomic environment won’t improve this year. On the company’s fourth-quarter earnings call, Vasos said…
Spirit Airlines, fresh from bankruptcy, is ready to take on the new Southwest, CEO says
Spirit Airlines is out of bankruptcy, hitting its target to emerge in the first quarter, after a crippling few years. CEO Ted Christie says the carrier is leaner and ready to take…
Elon Musk’s politics are hurting Tesla, 85% say in investor survey
More than eight out of every 10 respondents to a Morgan Stanley survey believe Tesla CEO Elon Musk’s controversial political activities are hurting his business. In total, 85% of the 245 participants polled…
Donatella Versace steps down as head of Italian fashion house
Donatella Versace announced Thursday that she is stepping down as chief creative officer of Versace, ending her nearly 30-year-long stint at the Italian luxury fashion empire’s helm. Versace, 69, took on…
FTC asks to delay Amazon Prime deceptive practices case, citing staffing shortfalls
The Federal Trade Commission asked a judge in Seattle to delay the start of its trial accusing Amazon of duping consumers into signing up for its Prime program, citing resource constraints. Attorneys…
Dick’s Sporting Goods is latest retailer to forecast rocky 2025 as recession fears swirl
Dick’s Sporting Goods on Tuesday said it’s expecting 2025 profits to be far lower than Wall Street anticipated, making it the latest retailer to forecast a rocky year ahead as consumers…
Southwest Airlines will charge to check bags for the first time, launch basic economy tickets
It’s happening: Southwest Airlines will start charging passengers to check bags for the first time. It’s a stunning reversal that shows the low-cost pioneer is willing to part with a customer perk…
X sees major outages as Musk claims ‘massive cyberattack’ hit platform
Three separate outages appeared to hit Elon Musk’s X social media site Monday as he claimed it was suffering a ‘massive cyberattack.’ Downdetector.com first registered thousands of reports of trouble…
Tesla shares plunge 15%, steepest drop in five years
Tesla’s selloff on Wall Street intensified on Monday, with shares of the electric vehicle maker plunging 15%, their worst day on the market since September 2020. On Friday, Tesla wrapped up a seventh…