• Sales of impulse buy items dip as social distancing alters checkout lines

    Sales of impulse buy items dip as social distancing alters checkout lines

    Impulse purchases — gum, mints and snack bars tossed into a shopping basket as one snakes through the supermarket checkout line — are falling as more people get groceries delivered or pick them up curbside. US sales of mints are down 30 percent year-on-year at stores tracked by market researcher Nielsen in the 11 weeks …
  • DOJ Drops Insider Trading Probe Into Three Senators, Still Investigating Burr for Coronavirus Sell-Off

    DOJ Drops Insider Trading Probe Into Three Senators, Still Investigating Burr for Coronavirus Sell-Off

    The Justice Department has dropped insider-trading investigations into three U.S. senators but remains focused on Senator Richard Burr (R., N.C.), according to multiple reports. Prosecutors have informed attorneys for Senators Kelly Loeffler (R., Ga.), Dianne Feinstein (D., Calif.), and Jim Inhofe (R., Okla.) that they were no longer under investigation for selling off millions in …
  • US stocks drop on simmering US-China trade tensions

    US stocks drop on simmering US-China trade tensions

    US stock indexes dropped on Friday as Sino-US tensions weighed on markets struggling to gauge the pace of economic recovery from the coronavirus. President Donald Trump’s statement on China’s plan for a national security law in Hong Kong on Thursday raised concerns over Washington and Beijing possibly reneging on their Phase-1 trade deal. Fears of …
  • Kroger markets to stop extra pay to crisis workers

    Kroger markets to stop extra pay to crisis workers

    Supermarket employees forced to work through the pandemic are now facing threats to their “hero pay” even as ornery customers refuse to wear masks while they shop. Employee frustrations could soon reach a boiling point as the largest grocery chain in the country — The Kroger Co. — gets ready to revoke the extra $2 …
  • Stocks jump as Wall Street eyes coronavirus recovery

    Stocks jump as Wall Street eyes coronavirus recovery

    US stocks jumped Wednesday as continued hopes for a recovery from the coronavirus crisis helped investors shake off questions about a potential vaccine. The Dow Jones industrial average climbed as much as 359.73 points, or 1.4 percent, to 24,566.59 in early trading to recover most of the prior day’s 390-point loss. The S&P 500 and …
  • Nasdaq Plans to Delist China’s ‘Luckin Coffee’ for Inflating Sales Numbers

    Nasdaq Plans to Delist China’s ‘Luckin Coffee’ for Inflating Sales Numbers

    The Nasdaq Stock Market notified the Chinese cafe chain Luckin Coffee that it plans to delist it from the U.S. stock exchange, the company said Tuesday. The Listing Qualifications Staff cited two reasons in their written notice for the decision to delist, the company said in a regulatory filing, including “public interest concerns” related to …
  • Stocks dip after gains from vaccine-fueled rally on Wall Street

    Stocks dip after gains from vaccine-fueled rally on Wall Street

    US stocks slid Tuesday as investors reined in their optimism about a promising coronavirus vaccine. The Dow Jones industrial average dipped as much as 135.71 points, or 0.5 percent, to 24,461.66 in early trading to give back some its 900-point Monday rally. Hardware store chain Home Depot led the blue-chip index lower with its shares …
  • Dow jumps 700 points after Moderna reports promising coronavirus vaccine

    Dow jumps 700 points after Moderna reports promising coronavirus vaccine

    US stocks surged Monday on hopes for a coronavirus vaccine that could allow the global economy to emerge from its pandemic-induced coma. The Dow Jones industrial average jumped as much as 701.31 points, or 2.9 percent, to 24,386.73 at the open after biotech firm Moderna reported promising results from a small human trial of its …
  • Burr Steps Down as Senate Intel Committee Chairman Due to Insider Trading Investigation

    Burr Steps Down as Senate Intel Committee Chairman Due to Insider Trading Investigation

    Senator Richard Burr (R., N.C.) on Thursday stepped down as chairman of the Senate Intelligence Committee during an investigation into allegations that Burr engaged in insider trading. “Senator Burr contacted me this morning to inform me of his decision to step aside as Chairman of the Intelligence Committee during the pendency of the investigation,” Senate …
  • Amazon may be on the prowl for more Fairway grocery stores

    Amazon may be on the prowl for more Fairway grocery stores

    Amazon is once again on the prowl for stores owned by bankrupt grocer Fairway Market, The Post has learned. After forking over $1.5 million for two of Fairway’s grocery stores in March, the online shopping giant has been kicking the tires at other Fairway locations, including in the Douglaston neighborhood of Queens; in the Long …