Economy

Economy
Economy

Cracker Barrel CEO steps down after humiliating mistake

There is a kind of risk that never shows up in a fund prospectus. It is the risk that a company spends real money fixing something its customers never thought was broken, then spends the next year paying for it. You probably watched that happen last summer and filed it under internet argument. It was

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Economy

Samsung’s foldable preorder surge comes with a retail catch

Samsung Electronics (SSNLF) may have discovered a huge new growth market for its priciest smartphones, and it’s not just in the biggest cities of India. The company said its Galaxy Z Fold8 Ultra, Galaxy Z Fold8, and Galaxy Z Flip8 received more than 271,000 pre-orders in India within 72 hours of their launch on July

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Economy

Iconic fast-food chain closes another 30 locations

When beef prices climb, a restaurant like Chili’s or Applebee’s can advertise chicken specials and find ways to entice customers to order more affordable proteins. But when a chain focuses on one specific protein as part of its brand identity, its options become limited. Buffalo Wild Wings advertises boneless wing specials when bone-in prices rise,

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Economy

Comcast hopes generous offers will slow internet customer losses

Comcast, which owns Xfinity, is betting big on a slate of generous offers to deter customers from ditching its internet services.  In the second quarter of 2026, Comcast lost 167,000 U.S. broadband customers, and revenue in this segment declined by 5.5% year over year, according to its latest earnings report. The losses come as the

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Economy

22-year-old travel company in bankruptcy, to liquidate

With the challenges around booking flight tickets, hotels and other aspects of a trip mostly eliminated by technology, most travel agencies operating in 2026 either serve niche markets or organize travel for larger groups. Many companies selling organized travel have also not been able to survive in a shifting market and rising operational costs. In

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Economy

Giant wine and spirits brand files Chapter 11 bankruptcy

A decline in public consumption of alcoholic drinks since the end of the Covid-19 pandemic has been a major factor in declining revenue in the beer, wine, and spirits sectors leading certain companies to file for bankruptcy protection. 128-year-old beer, wine, and spirits distributor Republic National Distributing Company was a major company affected as it

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Economy

7-Eleven has a gas discount that challenges Costco

Rising gas prices force Americans to make cuts to other parts of their budget. “Over three-fifths (61%) of drivers said rising gas prices have moderately or significantly impacted their household’s ability to afford other expenses in the past month,” according to Numerator’s Consumers React to Rising Gas Prices. People are also cutting back on discretionary

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Economy

After Panera Bread closures, rivals make major moves

After closing more than two dozen restaurants over the past year, Panera Bread is overhauling its business with menu innovation, restaurant upgrades, and new marketing partnerships as café chains across the industry compete to attract increasingly value-conscious consumers. The company’s latest moves reflect a broader shift taking place across the fast-casual sector. As consumers become

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Economy

After 80 stores close, 63-year-old chain gives Chapter 11 warning

When a retailer sells a product people no longer want or need at the same level they once did, it becomes challenging for that retailer to operate. Yes, you can cut expenses and close stores, but if customers aren’t buying, no amount of frugality will keep the doors open. That’s a challenge facing any chain

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Economy

McDonald’s new menu item copies a Chick-fil-A favorite

McDonald’s revolutionized fast-food breakfast with the creation of the Egg McMuffin in 1971 and the item’s national rollout in 1975. Herb Peterson, a McDonald’s franchisee in Southern California, created the breakfast sandwich, which was meant to be a portable version of Eggs Benedict. “It was breakfast in a sack, and just the kind of finger-food

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