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Business

Pools Close, Go Without Lifeguards Amid Labor Shortage

INDIANAPOLIS — Manager Ashley Ford strode the perimeter of one of Indianapolis’ five open swimming pools, monitoring kids as they jumped off a diving board or careened into the water from a curved slide. Four lifeguards, whistles at the ready, watched from their tall chairs stationed around ...

Wall Street’s Bubble May Be Gone, But Stocks Can Still Fall

NEW YORK — The good news for stocks is that this year’s sell-off means they no longer look eye-wateringly expensive. The bad news: That won’t matter if corporate profits give out. A stock’s price rises or falls for essentially two reasons: how much cash a company generates and how ...

Darden Restaurants Beats Wall Street Expectations

ORLANDO, Fla. (AP) — Darden Restaurants Inc. (DRI) on Thursday reported fiscal fourth-quarter net income of $281.7 million. The Orlando, Florida-based company said it had net income of $2.24 per share. The results beat Wall Street expectations. The average estimate of 12 analysts surveyed ...

As Inflation Rises, Use A Midyear Checklist

A lot can happen in six months. That’s why, as we close out the first half of the year, it makes sense to check in on your financial life. “With inflation, I think people this year are more heavily impacted than they probably have been in many years leading up to this point,” says Jason ...

Retail Sales Slip .3% As Inflation Surges

NEW YORK — Americans trimmed their spending unexpectedly in May compared with a month before, underscoring how surging inflation on daily necessities like gas is causing them to be more cautious about buying discretionary items. U.S. retail sales slipped 0.3% last month, down from a revised ...

Small Businesses Are Facing ‘Summer Of Uncertainty’

NEW YORK — Small businesses that depend on outdoor crowds and free-spending tourists aren’t sure what to expect this summer. Consumers likely have a lot of pent-up demand after more than two years of the pandemic. But they’re also facing some significant financial headwinds because of ...