Consumer Behavior

The Rise of Buy Now, Pay Later

Tradier | |

The level of US debt recently rose above the $29 trillion level, and it won’t be long before it exceeds $30 trillion. As the US central bank prepares to increase short-term interest rates in 2022, each twenty-five-basis point hike will cost an additional $75 billion in annual debt servicing. The price tag for the future is staggering.

CVS Health To Close 900 US Stores Over Next Three Years

Kimberly Redmond | |

CVS Health will close about 900 US stores over the next three years as part of a larger shift away from retail and toward healthcare services.

On Thursday, the Woonsocket, Rhode Island-based drugstore chain said its decision — which will ultimately impact 9% of its 10,000 stores nationwide — comes after “evaluating changes in population, consumer buying patterns and future health needs.”

Sponsored Financial Content

Market Movers