The financial news that actually matters
Focuses on company performance, earnings reports, mergers, acquisitions, and business growth or decline. It explains how corporate events impact markets, investors, and employment.
Rite Aid no longer operates a single store in the United States, and the prescription records the chain once held now sit with a single competitor. CVS Pharmacy has absorbed the bulk of what was left of Rite Aid and its Bartell Drugs subsidiary, a consolidation that quietly reshaped where millions of older Americans now…
The Trump administration has expanded its push to tie U.S. prescription drug prices to the lower rates paid by other wealthy countries, striking new agreements with nine additional pharmaceutical manufacturers that bring the total number of companies participating to 26. Under the arrangements, every state Medicaid program gains access to the same discounted prices those…
Visitors typing in Costco Next’s web address this month do not reach a storefront. They reach a single line of text: “Access to Costco Next storefronts is no longer available.” Below it sits a list of outside vendors and their customer-service numbers, with no note explaining why the marketplace that carried the Costco Next name…
Peacock quietly raised the price of every subscription tier it sells, and the increase is about to reach people who signed up months or years ago and have not touched their account since. Streaming has become one of the fixed monthly costs retirees track closely, and this round of hikes is large enough, and timed…
Walmart’s latest earnings report shows the retailer pocketed close to $2.9 billion in tariff refunds during its most recent quarter and used part of that windfall to fund more than 11,000 price rollbacks, a sharp jump from the prior quarter. For the millions of older Americans who shop at Walmart on a fixed income, the…
A quiet but accelerating shift is reshaping where Medicare Advantage members can get care. A growing number of hospitals and physician groups are ending their contracts with private Advantage plans, and when a system walks away, the patients enrolled in those plans can lose in-network access to the doctors and facilities they have relied on…
Amazon says it has received about $600 million in refunded import tariffs and will hand part of that money back to shoppers automatically, with no claim form to file. The refunds trace to tariffs that the U.S. Supreme Court struck down, money the government is now returning to the companies that paid it. What makes…
Millions of shoppers who have long relied on QVC and HSN for everything from kitchen gadgets to fashion now face real uncertainty about whether those networks will survive in their current form. QVC Group and its affiliates filed voluntary Chapter 11 petitions on April 16, 2026, in the U.S. Bankruptcy Court for the Southern District…
Commodity Transporters, Inc. filed for Chapter 11 bankruptcy protection in the Eastern District of California this month, joining a string of trucking operators seeking court relief as freight volumes remain stuck well below trend. The filing, docketed as case 26-12787, lands during a period when the Cass Freight Index shows shipments have failed to recover…
Thousands of Colgate-Palmolive retirees who were shortchanged on pension benefits will share in a $332 million settlement that the consumer-goods giant agreed to pay. The deal, which resolved claims brought under the Employee Retirement Income Security Act, received final court approval in January 2026. Of that total, $99 million went to cover plaintiffs’ attorneys’ fees…