NEW YORK (AP) — The Federal Reserve has cut its benchmark interest rate from a 23-year high, affecting consumer and business debt, savings, auto loans, mortgages and other forms of credit. On Wednesday, the Fed announced that it had cut its benchmark interest rate by an unusually large half a percentage point to between 4.75 […]
McDonald’s expands its 5 dollar menu worth available in most U.S. stores by December, a move that competitors are likely to follow. McDonald’s introduced the deal in June after a disappointing first quarter That resulted in fewer visits in the U.S. and lower spending per order, especially among customers earning less than $45,000 a year. […]
NEW YORK — Walmart posted another quarter of strong sales that exceeded nearly all expectations, with its comparatively low prices proving a strong draw for millions of people struggling with rising costs for housing, groceries and almost everything else. The country’s largest retailer raised its full-year forecast, and executives said that while their customers were […]
WASHINGTON (AP) — Americans increased retail spending last month by the most in a year and a half, easing concerns that the economy could weaken under the pressure of higher prices and interest rates. The Ministry of Commerce reported Thursday that retail sales rose 1% from June to July, the biggest increase since January 2023, […]
