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Demand is rebounding at Starbucks, signaling that CEO Brian ​Niccol's turnaround efforts are working. The company said on Wednesday that sales at North American stores open for at least a year rose by 4%. This growth was mainly due to a 3% increase in purchases from existing customers and a 1% increase in the average amount spent per transaction. That's the first uptick in store sales in eight quarters. Globally, sales at […]

New York City tops the list of U.S. cities where the cost of living is rising fastest, followed by three cities in California, according to a new analysis of inflation rates across major metropolitan areas.The analysis, first shared with Fox 5 New York, was conducted by Plasma, a layer-1 blockchain company focused on stablecoin payments. It examined inflation trends across 30 of the most populous U.S. cities.The study used a […]

United Postal Service CEO Carol Tome said Tuesday that the company is officially retiring its fleet of McDonnell Douglas MD-11 cargo planes after one of them was involved in a deadly crash in Louisville. Tome told analysts on its fourth-quarter earnings call that the shipping giant has taken a "systematic programmatic approach to modernizing" its global air fleet, which included "the decision to accelerate our plans and retire all MD-11 aircraft […]

As gold prices keep rising, American economist Peter Schiff says investors should view the rally as more than a hedge — calling it a warning that inflation is speeding up, the U.S. dollar is losing global trust and a major economic reckoning may be near."Gold and silver are warning about a bigger crisis that's gonna hit either later this year or maybe next year. We are headed for a U.S. […]