Author: News Room

Kroger Plans to Cut Prices on Thousands of Products, Report Says

New Kroger CEO Greg Foran confirmed industry speculation that he is planning to cut the grocer’s prices on “thousands of products” in a bid to reignite sales growth, according to a news report. “I think about our business a bit like a Formula One race. There’s a lead group of…

What SpaceX’s filing shows about Elon Musk’s web of companies

Step right up to Elon Musk’s financial merry-go-round. Loading audio narration… Tucked more than 200 pages into SpaceX’s S-1 paperwork, which the company filed on Wednesday, is an outline of how interconnected Musk’s various companies are, including through more than $660 million in payments, goods, and services involving SpaceX and…

Trump plans to build a giant 250-foot arch in Washington, DC. See how he has changed the capital during his second term.

Trump's ballroom plans have sparked legal backlash.Chip Somodevilla/Getty ImagesPresident Donald Trump is reshaping Washington, DC, from the White House to federal buildings.A proposed 250-foot triumphal arch celebrating America’s anniversary would be the world’s largest.His $400 million White House ballroom plan has sparked legal battles and backlash.During his second term, President…

Hospitals accuse CVS of siphoning hundreds of millions in drug savings

Three major hospital systems on Monday filed lawsuits accusing CVS Health and its subsidiaries of running a secret scheme that allegedly siphoned hundreds of millions of dollars away from hospitals serving vulnerable and uninsured patients. The lawsuits – filed by Mount Sinai in New York, University of Michigan Health and…

11 Financial Lies You Really Need to Stop Telling Yourself

We all do it: tell ourselves little white lies to avoid uncomfortable truths. “I’ll start that budget next month.” “My credit card bill isn’t that bad.” But when it comes to your money, those harmless fibs can become devastating financial realities. They fester, quietly eroding your savings, multiplying your debt,…

Stellantis CEO Antonio Filosa unveils B turnaround strategy

Stellantis on Thursday announced a $70 billion turnaround strategy that aims to refocus the automaker on core brands, partnerships and more efficient use of factory capacity. The investment is over five years and includes the production of 60 new models by 2030, including a mix of internal combustion engine, hybrid…