Top Rite Aid executives grumbled about a widespread shoplifting problem in New York City after the retailer reported worse-than-expected quarterly results on Thursday. Rite Aid CEO Heyward Donigan told analysts the company “experienced unexpected headwinds this quarter from front-end shrink, particularly in our New York urban stores.” Donigan noted the company has begun “shrinking our … Read more
Editor’s Note: This is an updated version of a story that originally ran on August 29, 2022. Stocks and bonds are trading in bear territory. And given current circumstances, it’s fair to assume the markets will remain volatile for a while. Interest rates are rising quickly in the US and Europe amid government efforts to … Read more
CNN Business — If you’ve ever wanted to use artificial intelligence to quickly design a hybrid between a duck and a corgi, now is your time to shine. On Wednesday, OpenAI announced that anyone can now use the most recent version of its AI-powered DALL-E tool to generate a seemingly limitless range of images just … Read more
CNN — A new treatment for amyotrophic lateral sclerosis, or ALS, has been approved by the US Food and Drug Administration. The FDA announced the approval of Relyvrio, developed by Amylyx Pharmaceuticals, on Thursday. The oral medication can be taken as a standalone therapy or with other treatments, according to the company, and it has … Read more
CNN — Drinking two to three cups a day of most types of coffee may protect you from cardiovascular disease and an early death, a new study found. “The results suggest that mild to moderate intake of ground, instant and decaffeinated coffee should be considered part of a healthy lifestyle,” said study author Peter Kistler, … Read more
CNN — President Joe Biden on Wednesday asked if a congresswoman who died last month was present at a White House food insecurity conference. At the event, the White House’s first hunger conference since 1969, Biden took a moment during his remarks to credit a list of bipartisan elected officials. All of the officials he … Read more
This story is part of CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free, here. new york CNN Business — All the drama out of the UK government is keeping me from catching up on the only UK drama I really want to consume, which is Love Island, season 8, … Read more
A customer places an order September 24, 2022 at a McDonald’s Restaurant along the New York State Thruway in Hannacroix, New York. Robert Nickelsberg | Getty Images News | Getty Images A group representing McDonald’s owners said the company rejected its request to delay changes to franchising policies, including updated standards and adjustments to how … Read more