UPS to Eliminate 48,000 Jobs Through 2026 Under 'Network of the Future' Restructuring
UPS announces massive workforce reduction as part of its Network of the Future initiative, deploying robotics and closing hubs to reshape logistics operations.
350 articles found for "savings"
JPMorgan Warns: Tariff Costs Are About to Shift from Businesses to Consumers
JPMorgan analysts warn that businesses absorbed 80% of tariff costs in 2025, but that ratio could flip to 20% as companies finally pass through the $187 billion import tax burden.
Americans Paid $160 Billion in Credit Card Interest Last Year, New CFPB Report Reveals
The Consumer Financial Protection Bureau's new report shows Americans paid $160 billion in credit card interest in 2024, with average rates near 21% and debt exceeding $1.2 trillion.
IRS Tax Season 2026 Opens January 26: New Deductions Could Boost Your Refund
The IRS begins accepting 2025 tax returns January 26, with new deductions for tips, overtime, and car loan interest potentially leading to larger refunds for millions of Americans.
EIA Forecasts Gas Prices Below $3 Per Gallon in 2026 as Global Oil Surplus Builds
The Energy Information Administration projects U.S. gasoline will average just over $2.90 per gallon in 2026, a 20-cent decline that could ease inflation pressures.
American Express Earnings Preview: What Premium Consumer Spending Reveals About Economic Health
American Express reports Q4 earnings January 30. With affluent spending holding steady, what the credit card giant's results reveal about the economy's upper tier.
One Year After LA Fires: 70% of Survivors Still Can't Return Home as Insurance Battles Drag On
A year after devastating wildfires destroyed 16,000 structures in Los Angeles, most survivors remain displaced as insurance delays and rebuilding costs create a perfect storm.
Consumer Spending Plateau: Unit Sales Fall as Americans Buy Less Despite Higher Spending
Circana data shows American consumers bought fewer items in December despite flat dollar sales, signaling price sensitivity and potential spending fatigue as 2026 begins.
Social Security's 2.8% COLA Meets the Medicare Premium Wall: Why Retirees Feel Poorer in 2026
Social Security's 2.8% COLA adds $55 monthly for average retirees, but Medicare Part B premiums jumped $18. For many seniors, the net gain barely registers.
Shrinkflation's Quiet March: Why Your Grocery Cart Costs More Even as Brands Announce Price Cuts
Major consumer brands are announcing price cuts, but package sizes keep shrinking. Here's how shrinkflation continues to impact your purchasing power in 2026.
Fifth Third-Comerica $11 Billion Merger Clears Final Hurdle, Creating America's 9th Largest Bank
Fifth Third Bancorp received Federal Reserve approval for its $10.9 billion acquisition of Comerica, creating a regional banking powerhouse with $290 billion in assets.
Amazon's $100 Billion AI Bet Comes with a Human Cost: 14,000 Jobs on the Chopping Block
Amazon announced plans to eliminate up to 14,000 corporate jobs as it redirects resources toward a $100 billion AI infrastructure investment over the next decade.