Rite Aid, the third-largest U.S. drugstore chain, filed for Chapter 11 bankruptcy protection Sunday, and it’s likely the company will close a big chunk of its 2,000 stores. One result is that people will have…
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Business
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DETROIT — The United Auto Workers union isn’t adding any factories to those that are now on strike, but its president says more walkouts could begin at any moment. Until this week the union had…
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Two of the people closest to Sam Bankman-Fried were asked the same question as they began their testimony this week: Did they commit financial crimes while they were working at FTX, the cryptocurrency exchange that…
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Prices at the pump remain on track to keep falling in the United States despite the Israel-Hamas war, according to energy industry analysts. After Hamas’ surprise attack over the weekend, global crude oil jumped to…
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Business
Caroline Ellison, star witness in Bankman-Fried trial, recounts living in ‘a constant state of dread’
Caroline Ellison, who led the digital currency hedge fund connected with Sam Bankman-Fried’s FTX, is continuing her testimony in his criminal trial Wednesday. Ellison, who is also Bankman-Fried’s ex-girlfriend, is considered the star witness in…
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Social Security benefits will increase by 3.2% in 2024, the Social Security Administration announced Thursday morning. That adds about $50 monthly to the average retirement benefit consumers will receive beginning in January. The annual increases…
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Walgreens Boots Alliance has chosen veteran health care executive Tim Wentworth as the company’s new chief executive. Wentworth is the former CEO of the nation’s largest pharmacy benefits management company, Express Scripts, which was acquired by Cigna in 2018.…
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Recent strikes by Hollywood talent and United Auto Workers union members are a “drag” on business travel demand, which is otherwise recovering, Delta Air Lines President Glen Hauenstein said Thursday. Delta has an outsized exposure to the…
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Inflation leveled off to 3.7% in September compared to a year ago, extending a gradual slowdown in consumer prices, even as it slowed to 0.4% from 0.6% in August. The Bureau of Labor Statistics released…
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This story was reported in collaboration with the International Consortium of Investigative Journalists, Arab Reporters for Investigative Journalism and The Guardian. Momtaj Mansur flew to Saudi Arabia in September 2021, excited to work at one of the…