California Big Lots managers claim they were fired for chasing down stolen merchandise

A manager at a Big Lots store in California claimed she and her colleague were fired after wrangling back a shopping cart from an alleged shoplifter who made off with a haul of laundry detergent.

Job growth shows resilience in April but also signs of softening

The economy added 253,000 jobs in April, an increase from the previous month but slower than the average gain of 290,000 in the last six months, according to the latest employment report from the Bureau of Labor Statistics (BLS).

Number of new American business applications hits an all-time high

According to data from the U.S. Census Bureau, 5.4 million new business applications were filed in 2021, the highest of any year on record. 

Council votes to end city-mandated parking minimums for new developments

If approved, Austin would join a growing list of U.S. cities that have eliminated or reduced municipal parking mandates, says Austin City Council member Zo Qadri.

Intuit TurboTax settlement: $141M to be distributed to customers misled to paying for filing

More than 465,000 Texans will receive payment from the $141 million settlement that was reached with Intuit TurboTax in 2022 after customers were misled to pay the company to file their federal tax returns.

Personal loan interest rates edge down for 5-year loans

The latest trends in interest rates for personal loans from the Credible marketplace, updated weekly.

Fed doubles down on the fight against inflation, raises rates another 25 basis points

The Federal Reserve announced another 25 basis point interest rate increase bringing the federal funds rate to a targeted range of 5% to 5.25%, the highest level in 15 years.

Shell reports $9.6 billion profit as energy prices slip

Shell is the second London-based company this week to post stronger-than-expected earnings, with rival BP reporting that it earned $5 billion in the first quarter.

Here’s why consumers' credit scores got a boost in March: Report

Consumer credit scores increased from last year to an average of 701, and the percentage of consumers scored in the subprime credit

Nordstrom, Anthropologie, Saks OFF 5TH closing downtown San Francisco shops

Nordstrom announced Tuesday morning they are closing both the downtown San Francisco flagship store and the Market Street Rack after 35 years in business.

Some 14 million jobs won't exist globally in 5 years, report says

Here are the jobs that will be most impacted in the years ahead, according to the new report by the World Economic Forum.

BP reports $5 billion quarterly profit on strong oil, gas trading

BP’s profits have rebounded from last year's losses, and this quarter's earnings have exceeded analysts' expectations. Oil companies have been reporting higher earnings after Russia invaded Ukraine.

Bank deposits fell by more than $76 billion

Bank deposits fell by $76.2 billion in April, following the highly publicized closures of Silicon Valley Bank (SVB) and other tech-focused financial institutions. Moreover, high interest rates continue to put pressure on both banks and consumers.