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New York (CNN Business) Decades-high inflation is leading to a split in American consumers' behavior. Affluent shoppers are splurging on new outfits at Macy's, Nordstrom and other high-end outlets, while lower-income customers are pulling back on discretionary items, leading retailers say. Macy's ( M ) said Thursday that comparable sales at stores open for at least one year grew 12.4% during its latest quarter compared with the same stretch a year ago. "While macroeconomic pressures on consumer spending increased during the quarter, our customers continued to shop," Macy's CEO Jeffrey Gennette said in a press release. What rotisserie chicken prices say about stores' inflation strategy Macy's saw a "notable shift" in consumers buying clothes for special events and shopping in stores, Gennette said. Dresses, women's shoes, accessories and men's tailored clothing saw strong sales performance during the quarter. … [Read more...] about Wealthy shoppers are splurging at Macy’s. Low-income shoppers are pulling back at Walmart

New York (CNN Business) Russia has spent the past half-century attempting to build a reputation on the world stage as a reliable supplier of energy. It took Vladimir Putin mere months to cast serious doubt on that reputation. "I wouldn't trust them," US Energy Secretary Jennifer Granholm told CNN in response to a question about whether Russia will ever again be considered a reliable energy supplier. "They have to prove they are a reliable partner and they're certainly not doing that." Russia's invasion of Ukraine and the ensuing sanctions from the West have sent oil prices skyrocketing, lifting gasoline and diesel prices in the United States to unprecedented levels. Natural gas prices also have climbed around the world. Biden is 'obsessed' with lowering 'outrageous' gas prices, but presidents don't control prices, says Energy Secretary After the West imposed tough penalties on Russia, Putin warned that "unfriendly" nations would … [Read more...] about ‘I wouldn’t trust them.’ Energy Secretary blasts Russia for ‘weaponizing’ energy

This is a carousel. Use Next and Previous buttons to navigate 18 FALLS CHURCH, Va. (AP) — Amber Heard told jurors Thursday that a harassment campaign waged against her by ex-husband Johnny Depp has left her humiliated and scared for her life from multiple death threats, and said she just wants “Johnny to leave me alone.” Heard was the final witness in the six-week libel trial Depp brought against his ex-wife. With cameras in the courtroom, millions of people have followed the trial, and interest seemed to gain momentum as the weeks went on and both Depp and Heard testified about the ugly details of their relationship. Online and at the courthouse, Depp's fans have overwhelmingly dominated the narrative, with groupies lining up overnight to get one of the few spots in the courtroom and wave at Depp as he walks in and out. Heard has been booed by spectators on … [Read more...] about Amber Heard ends testimony asking Depp to ‘leave me alone’

0 Traffic & Transit The mayoral candidate's latest $1 million giveaway includes $2-per-gallon discounts on gas Thursday in Evanston. Police anticipate traffic. Jonah Meadows , Patch Staff Posted Reply EVANSTON, IL — City officials anticipate heavy traffic Thursday around the Green Bay Road Mobil station in Evanston due to a planned gas discount event sponsored by Chicago mayoral candidate Willie Wilson. The $2-a-gallon discount to gas sold at the 1950 Green Bay Road, Evanston, begins at 7 a.m. and will last for as long as the funding is available. There are four other suburban gas stations participating, as well as 10 in Chicago in the latest $1 million donation from the Willie Wilson Foundation, which included included up to $400,000 in $25 grocery coupons Wednesday at Pete's Fresh Market and Cermak Fresh markets locations . In a statement, Wilson said inflation was eroding the savings of many Americans, with … [Read more...] about Green Bay Road Mobil Station Takes Part In Willie Wilson Gas Discount

0 This post was contributed by a community member. The views expressed here are the author's own. Community Corner Celebrates 20 years of serving individuals with intellectual and developmental disabilities in Tinley Park St. Coletta's of Illinois , Community Contributor Posted Reply For 20 years, St. Coletta's of Illinois has called Tinley Park home. Nestled in a business park on Crossing Drive, the social service agency has provided residential, educational and vocational services to thousands of individuals with intellectual and developmental disabilities from throughout the south and southwest suburbs. On May 4, the Village of Tinley Park recognized the non-profit for its 20-year milestone at 18350 Crossing Drive during its 2022 Tinley Park Business Breakfast. "It's no secret that Tinley Park is a great place to live and work," Mayor Michael Glotz told attendees. "Our business community lies at the heart of our … [Read more...] about St. Coletta’s of Illinois reaches service milestone

Former President Donald Trump must pay a $10,000 fine every day until he turns over evidence to New York’s attorney general, after a state judge on Monday ran out of patience with Trump’s persistent refusal to abide by the law. New York Judge Arthur F. Engoron has overseen the AG’s nearly two-year battle to squeeze evidence out of the Trump Organization in the state office’s ongoing investigation into alleged bank fraud at the company. The judge issued his order in court this morning and said contempt was appropriate because of “repeated delays and failures of Mr. Trump.” “Mr. Trump, I know you take your business seriously. And I take mine seriously,” Engoron said. AG Letitia James is reaching what could be the final stages of her Trump Organization investigation over the way the company has, for years, routinely inflated property values—something her investigators have deemed a scheme to dodge taxes and defraud banks. In February, the judge ordered Trump and two of … [Read more...] about Trump Must Pay $10K a Day for Refusing to Turn Over Evidence

NEW YORK (AP) — Airline stocks rallied Thursday after Southwest Airlines and JetBlue Airways said revenue from summer travel will be stronger than previously expected as travel bounces back after two years of the pandemic. The comments, which the airlines made in regulatory filings, point to their ability to charge higher fares and still fill their planes because of strong demand from travelers. Southwest said second-quarter revenue will rise by between 12% and 15% compared with 2019 because of accelerating bookings for summer travel. The Dallas-based airline previously predicted a gain of 8% to 12%. Southwest expects to hit that revenue target even though its passenger-carrying capacity will be about 7% lower than before the pandemic. JetBlue said it continues to expect record revenue this summer, with second-quarter sales rising 16% or more -- matching or beating the top of its previously forecast range for the period. Helane Becker, an analyst with banking firm Cowen, … [Read more...] about Southwest, JetBlue boost forecasts on strong travel demand

close Video Fox News Flash top entertainment headlines 5/24 Fox News Flash top entertainment and celebrity headlines are here. Check out what clicked this week in entertainment. NEW You can now listen to Fox News articles! Queen Elizabeth’s 73-year marriage to Prince Philip was well known to the world, but there was another special man in the reigning monarch’s life. In Season 3 of Netflix’s "The Crown," audiences were introduced to Porchey, or Lord Porchester, the sovereign’s longtime racing manager and one of her dearest pals. Their lasting bond is explored in a book, written by former Vanity Fair editor Tina Brown ahead of the Platinum Jubilee, titled "The Palace Papers: Inside the House of Windsor – the Truth and the Turmoil." The bombshell book explores "the scandals, love affairs, power plays and betrayals" that have rocked the British royals during the last 20 years. It features new revelations based on Brown’s access to palace … [Read more...] about Queen Elizabeth ‘shared the greatest passion of her life’ with this close confidant, book reveals

close Video MLB, 'woke' companies owe Georgians an apology: Gingrich Former Georgia Rep. Newt Gingrich calls out companies like Coca-Cola and Delta who 'sold out' the state. NEW You can now listen to Fox News articles! The closely watched primary election season continued Tuesday with contests in Alabama, Arkansas, Georgia, and Texas. And per usual, the biased and out of touch mainstream media is failing to focus on some very important news due to their unhealthy fixation on former President Donald Trump. In the critically important state of Georgia for example, Republican voter intensity is at a fever pitch. In the GOP primary election for governor, more than 1.2 million Georgians went to the polls , nearly doubling 2018’s primary turnout of 607,000. Peach State Republicans sent an unmistakable message this week: what’s happening in Joe Biden’s America — namely the inflation crisis, the crime crisis and the border crisis — is totally … [Read more...] about Elections in Georgia, elsewhere show Republican voters love ‘America First’ candidates

This is a carousel. Use Next and Previous buttons to navigate 2 LOS ANGELES (AP) — To drive, or not to drive? This Memorial Day weekend, with surging gas prices that are redefining pain at the pump, that is the question for many Americans as a new COVID-19 surge also spreads across the country. For Marvin Harper, of Phoenix, his family’s weekend travel plans are a double punch to the wallet. His college-age son and daughter each have a soccer tournament in Southern California and Colorado, respectively. He and his daughter will fly to Denver, rather than drive, because of the cost of fuel, while his wife and son will go to California in her SUV. “My mother-in-law’s going with my wife and son to split that cost because it’s just too much on our household,” said Harper, as he filled up the tank of his truck at a Phoenix QuikTrip. “We can’t afford both of us to drive. That’s the bottom line ... Gas prices are killing our household.” For some, that's … [Read more...] about More Memorial Day travel expected, despite high gas prices