Business News

Last Friday, Kroger announced their plans to buy Albertsons in a nearly $25 billion deal. This marks the merging of two of the largest supermarkets in America and now presents major competition for Walmart.  The deal, expected to close in 2024, would have a combined 710,000 employees, nearly 5,000 stores and rake in more than $200 billion in sales.  The merging of the two companies gives them...

As Floridians rebuild their lives after Hurricane Ian made landfall weeks ago, CoreLogic released its final damage estimates. This estimate ranges from $41 billion to $70 Billion. “It includes wind loss, re-evaluated insured and uninsured storm surge loss and newly calculated inland flood loss for residential and commercial properties.”  CoreLogic provided this breakdown: Flood loss from NFIP and private insurance for residential and commercial properties...

Inflation has been the economy’s largest issue over the past year as the cost of living has shot sky-high. So high, in fact, that it is nearing the highest level in more than 40 years. Food prices soared over 10.9% in the last year. Extremely high costs have required people to budget more and really consider how they are going to spend their money. Here are a...

On Wednesday, Microsoft introduced three new surface computers: the Surface Laptop 5, the Surface Pro 9 convertible tablet and the Surface Studio 2+ all-in-one PC.  All three computers will be available in select markets as soon as Oct. 25 and in additional markets in the following months. The computers will operate with the Windows 11 system. According to CNBC, here are the main features of the new...

According to Reuters, FedEx shocked investors last week after they hinted towards a “further decline in the number of e-commerce packages it will handle in the year-end holiday season.” However, many FedEx Ground delivery contractors saw this coming based on the low demand last year.  15-year FedEx Ground delivery contractor, James Bush, said, “They're just confirming what everybody probably already knew…They haven’t had accurate projections.” Planning for the...

The Education Department provided a glimpse at the student loan forgiveness form on Tuesday. The application is not live yet but is still set to be fully released at some point this month.  Yahoo Finance reported that the Education Department provided images of the online form during a press briefing on Tuesday. The application requests borrowers to provide their name, Social Security number, birth date, phone...

PayPal’s alleged plans to start charging consumers $2,500 any time they spread what the company deems as misinformation has triggered a major backlash. These plans were set to be in effect starting Nov. 3 but have since been revoked. Recent leaked documents revealed that PayPal was planning to impose financial penalties on users who violate their new policy. However, PayPal quickly tried to backtrack once the...

On Oct. 8, World Mental Health Day, CCLA Investment Management “launched a mental health benchmark to evaluate the world’s largest listed companies.” The goal of the CCLA Corporate Mental Health Benchmark Global 100 study is “to be an engagement and accountability tool for responsible investors to help assess how companies are approaching workplace mental health.” Additionally, it is “a vital tool for investors to engage with...

It is important to put effort into creating an accurate resume that reflects your previous experience and skills so future employers know your capabilities. Karly Pavlinac Blackburn took this to a whole new level. The North Carolina resident sent Nike a cake with her resume printed on it, hoping to be offered a job.  Although the division within the company she was interested in, Valiant Labs, was...

The most anticipated vehicle of recent years is expected to be available in 2023, and electric vehicle buyers cannot wait.  According to The Street, Tesla’s Cybertruck might be comparable to Ford’s F-150, becoming a major “cash cow”  for the company.  Tesla CEO, Elon Musk, has kept the details of the Cybertruck under wraps by only giving Tesla fans small clues. This has led the anticipation and curiosity...