Walmart to create 4,000 jobs with 4 new fulfillment centers

The first of the four new new fulfillment centers will open this summer in Illinois. These centers will provide faster shipping of items to customers.

Baby formula shortage: Out-of-stock rate continues to worsen, jumping to 73.5%

Abbott Nutrition's Sturgis, Michigan, facility is expected to restart production this week, but that still means products from the plant won't likely return to store shelves until at least mid-July.

Economist projects interest rates to surpass 2007 levels as inflation slows

Economists from Credit Union National Association (CUNA) predict that the Federal Reserve's fight against inflation could send interest rates soaring and also spur a recession as soon as next year.

Biden cites strain on families from infant formula shortage

To ease the baby formula shortage, the Biden administration's strategy calls for importing foreign supplies and using the Defense Production Act to speed domestic production.

City of Seattle passes legislation that guarantees a minimum wage for delivery drivers

The Seattle City Council has unanimously passed legislation that would guarantee a minimum wage for app-based delivery drivers and gig workers, making it the first city in the nation to do so.

Mortgage rates drop for second consecutive week

Mortgage interest rates decreased last week for the second consecutive week, according to Freddie Mac. However, this decrease may only be temporary.