Senator Bob Menendez of New Jersey, who had previously firmly rejected the idea of resigning despite facing bribery charges, indicated a possible change in his stance. When asked by NBC News about his plans to resign, Menendez responded that he would make an announcement “when it comes time.” He and his wife are facing charges… Continue reading Sen. Bob Menendez on potential resignation: ‘We will announce it when it comes time’

Uber has expanded its services beyond ride-hailing and food delivery by introducing a “return a package” feature through its Uber and Uber Eats apps. This new service allows customers to send up to five packages at a time for a flat fee of $5 or $3 for Uber One members. Uber drivers will pick up… Continue reading Uber will now pick up your packages and take them to UPS, FedEx or USPS

Mortgage rates have continued to surge higher, resulting in a significant drop in total mortgage demand, which fell by 6% compared to the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances (up to $726,200) rose to 7.53% from 7.41%,… Continue reading Mortgage demand drops to the lowest level since 1996, as interest rates head toward 8%

In the third quarter, Ford Motor reported a 7.7% increase in U.S. new vehicle sales compared to the previous year, primarily driven by strong sales of traditional pickup trucks in its lineup. The company noted a 15.3% surge in truck sales while car sales saw a 5.1% decline, and SUV sales remained largely flat. While… Continue reading Ford pickup truck sales lead third-quarter growth

President Joe Biden has announced a plan to approve $9 billion in student loan forgiveness for 125,000 Americans. This relief is a result of his administration’s efforts to fix various programs, including income-driven repayment plans and Public Service Loan Forgiveness. Here’s a breakdown of how the $9 billion will be allocated: This announcement follows a… Continue reading Biden cancels $9 billion in student debt for 125,000 borrowers

General Motors (GM) reported a 21.4% increase in U.S. new vehicle sales for the third quarter, despite an ongoing strike by the United Auto Workers (UAW) union against Detroit automakers. This growth surpassed industry expectations, which had anticipated a 15% to 16% increase for the overall industry in the same period. The strike began on… Continue reading GM’s third-quarter sales jump 21% as UAW strike slowly expands

In August, U.S. job openings unexpectedly surged, signaling that the labor market remains tight and robust despite efforts by the Federal Reserve to slow the economy. The Labor Department’s monthly Job Openings and Labor Turnover Survey revealed that job openings reached 9.61 million for the month, a significant increase of nearly 700,000 from July and… Continue reading August job openings top 9.6 million, more than expected as labor market remains strong

AMC Entertainment has partnered with Parkwood Entertainment to bring a documentary about Beyonce’s Renaissance album and tour to movie theaters. The film will be shown on Thursdays, Fridays, Saturdays, and Sundays for approximately four weeks starting on December 1st. Ticket prices will start at $22 for standard showtimes, with premium options like IMAX and Dolby… Continue reading Beyonce’s Renaissance Tour film is coming to save the day for the weak December box office

Chipotle Mexican Grill is currently testing automation to prepare customers’ burrito bowls and salads. This marks the second instance of the chain publicly announcing its experimentation with automation, following its previous introduction of a robot named Chippy, which specializes in making tortilla chips. Restaurants like Sweetgreen and Starbucks have increasingly adopted automation to reduce labor… Continue reading Chipotle tests automation for burrito bowls and salads

Macy’s has announced plans to open up to 30 smaller stores in strip malls over the next two years as part of its strategy to adapt to changing consumer preferences and declining mall traffic. These new stores will begin opening next year, although specific locations have not been disclosed yet. The move represents a significant… Continue reading Macy’s will open up to 30 stores, as department store looks to strip malls as key part of its future

Despite the multibillion-dollar collapse of cryptocurrency exchange FTX, many of its customers, insiders, and investors maintain faith in the cryptocurrency industry, as highlighted in a recent documentary. Here are the key takeaways from the article: These individuals emphasize their resilience and faith in the cryptocurrency industry despite the challenges posed by FTX’s downfall, and they… Continue reading FTX customers who lost a fortune on the bankrupt exchange are doubling down on crypto

Fast-food drive-thru lanes are becoming more efficient as fewer customers opt for car-side ordering, according to an annual study by Intouch Insight. The study involved visits to approximately 1,500 locations of popular fast-food chains such as Arby’s, Burger King, Carl’s Jr., Chick-fil-A, Dunkin’, Hardee’s, KFC, McDonald’s, Taco Bell, and Wendy’s. Mystery shoppers conducted drive-thru orders… Continue reading Fast-food drive-thru lanes speed up as fewer drivers wait in line