Safety Deposit Boxes Headed Toward Extinction at Chase
You’ll no longer be able to store your precious coins, jewelry and paperwork at JPMorgan Chase & Co., as the bank has stopped opening new safety deposit boxes for customers.
The Latest
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FTC Reviewing Amazon's $1.7 Billion Deal to Buy iRobot
The Federal Trade Commission is investigating Amazon’s $1.7 billion acquisition of iRobot, the latest deal that’s under scrutiny by the regulators amid growing concerns about the company’s market power. In a regulatory filing Tuesday, iRobot said both it and Amazon received a request for additional information in connection with an FTC review of th... -
FedEx to Close Stores, Pause Hiring as Demand for Package Deliveries Drop
FedEx said Thursday it is shuttering storefronts and corporate offices while putting off new hires in a belt-tightening drive brought on by drop-off in its global package delivery business.
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1 Rail Union Rejects Deal, 2 Accept Ahead of Strike Deadline
Members of one union have rejected a tentative deal with the largest U.S. freight railroads, while two ratified agreements and three other unions remained at the bargaining table just days ahead of a national strike deadline. A strike would intensify snarls in the nation’s supply chain that have contributed to rising prices. But the IAM agreed to d... -
Railroads Say They Won't Lock Out Workers as Negotiators Meet With Labor Secretary Walsh
Railroads have already started diverting freight. A strike could cost the U.S. economy more than $2 billion a day.
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Dow Tumbles 1,200 Points for Worst Day Since June 2020 After Hot Inflation Report
The stock market came under pressure after the consumer price index report for August showed higher-than-expected inflation.
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Goldman Sachs to Kick Off Wall Street Layoff Season With Hundreds of Job Cuts This Month
The bank is reinstating a tradition of annual employee culls targeting between 1% and 5% of lower performers in positions across the firm.
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Seasonal Businesses Near Hampton Beach Reflect on Challenging Summer
Seasonal businesses are finally getting back to normal after the coronavirus pandemic halted operations, but they still had other challenges this summer, from finding employees to dealing with supply chain issues. The weather cleared out Hampton Beach early this Labor Day but it did not dampen the summer feeling. “We all did well, the traffic... -
Several Maine Businesses Forced to Close Ahead of Labor Day Due to Staffing Issues
For some Maine businesses, this Labor Day is much quieter than usual at least in part due to a lack of staff. Instead of the sound of orders being called out at Five Islands Lobster Company in Georgetown, there was simply pattering rain on picnic tables Monday. The iconic lobster eatery in an idyllic location that placed second in Down…... -
CVS to Buy Home Health Giant Signify Health for About $8 Billion
The Signify acquisition comes as CVS rivals from Amazon to Walgreens are moving further into the health-care sector.
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Americans Splurge on Beauty, Despite Pullbacks Elsewhere
Americans are splurging on beauty as they tighten their budgets elsewhere. According to market research company IRI, sales of eye, face and lip makeup has gone up across stores.
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Bed Bath & Beyond Announces Store Closures, Layoffs and New Financing to Fix Struggling Business
The struggling retailer announced announced the new financing ahead of an investor update early Wednesday.
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As Housing Crunch Intensifies Across the Country, Data Gives a Peek at Airbnb Impact
The housing crisis continues to spiral and inflation reached a 40-year high this summer. Experts say short-term rentals aren’t helping.
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Small Businesses Feel the Pinch From Slowing Housing Market
The chill in the housing market is rippling out to the carpenters, landscapers and other small businesses that lose out when fewer homeowners renovate their properties.
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MoviePass Is Relaunching Next Month. Here's How to Sign Up for the Theater Subscription Service
Starting Thursday, you can sign up for the MoviePass service waitlist. However, the company has been vague about details on pricing, participating chains and which cities it will roll out in.
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Amazon Keeps Growing, and So Does Its Cache of Data on You
From what you buy online, to how you remember tasks, to when you monitor your doorstep, Amazon is seemingly everywhere.
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Former Apple Engineer Accused of Stealing Automotive Trade Secrets Pleads Guilty
Zhang was accused of downloading internal Apple files about the company’s car project, including a 25-page document with engineering schematics.
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Ford to Eliminate 3,000 Jobs in an Effort to Cut Costs
Ford Motor is cutting about 3,000 jobs from its global workforce, a majority of which are in North America.
