Consumer spending rose just 0.1 percent in February, the Commerce Department reported Monday. A harsh winter helped put a damper on consumer spending, but so did higher gas prices and consumers choosing to boost their savings or pay down debt rather than go shopping.
Kraft and Heinz confirmed Wednesday that they would join forces to form the third-largest food and beverage company in the US. The $40 billion deal between Kraft and Heinz is just the latest in a series of big-ticket consolidations among America's biggest food brands.
Amy’s Kitchen, the popular natural foods brand, and grocery chain Wegmans are recalling thousands of products containing spinach that may be contaminated with listeria. So far, no illnesses have been linked to either the Wegmans or Amy's Kitchen recalls.
Florida doesn’t even crack the top 20 of a new survey ranking the best states for retirement. Instead, head west for the most retirement-friendly states, including Colorado, Montana, and Wyoming. Which state topped the list?
Kraft said it will recall 242,000 boxes of its popular Macaroni & Cheese dinners that may contain pieces of metal. Consumers affected by the Kraft Macaroni & Cheese recall should return the items to the store for an exchange or a full refund.
McDonald's workers have filed safety complaints with a regulatory board alleging frequent on-the-job injuries, lacking safety equipment, improper training, and pressure to work at unsafe speeds.The new complaints are part of a larger effort to hold McDonald’s legally culpable for the actions of its franchisees.
Retail sales fell unexpectedly for the third straight month in February, according to the Commerce Department. February brought plunging temperatures and record snowfall to much of the US, and such conditions can be a particular drag on big-ticket retail purchases like cars and furniture.
The US economy added 295,000 jobs in February, ticking unemployment down to 5.5 percent, according to the Labor Department. Many expected a harsh winter to to have more of an effect on employment, but the jobless rate is now at its lowest level in seven years.
McDonald's will phase out chicken raised with certain types of antibiotics in the US over the next two years, the fast food giant announced Wednesday. Much of the poultry industry is already moving away from antibiotics as consumers demand it, but McDonald's could speed up the change.
New home sales in the US fell 0.2 percent in January to a 481,000 annual pace, according to the Commerce Department. Even with the drop, it was the best January for new home sales since 2008, and the pace of sales remained near post-recession highs.
Home prices posted a 4.5 percent year-over-year increase in December, according to the monthly S&P/Case Shiller index of property values. Housing market affordability has proven a concern for Federal Reserve Chair Janet Yellen, who began a two-day series of testimonies before Congress Tuesday.
Existing home sales fell 4.9 percent to a 4.82 million annualized pace in January, the National Association of Realtors reported Monday. Despite some worrying early results, there are hints that existing home sales could bounce back in the coming months.
Krispy Kreme is apologizing this week for a ‘KKK Wednesday’ promotion planned by one of its franchise owners in Britain. KKK, of course, is most widely known as shorthand for the Ku Klux Klan, but this Krispy Kreme was not organizing a white supremacist rally.
Retail sales in the US fell an unexpected 0.8 percent in January, despite a surging job market and much lower costs for consumers. Experts say Americans may be using that extra cash to save or pay down debt, but retail sales should bounce back in the coming months.