Monday, July 3, 2023

The Daily Money: Walmart is closing 150 stores as pandemic eases

Walgreens is shutting down 150 stores in the U.S. as demand for its products and services slows

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The Daily Money

ALL THE MONEY NEWS YOU NEED TO KNOW

Mon Jul 3 2023

 

Paul Davidson  Economics and Jobs Reporter

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The entrance to a Walgreens in Boston.

Michael Dwyer

Happy Almost July 4th! It's Paul Davidson bringing you the top headlines for The Daily Money.

Walgreens is closing 150 stores in the U.S. as the fading pandemic reduces demand for its products and services.

The company didn't announce which locations will be shuttered but said the closings will occur before next May, the end of its fiscal year. Three hundred Walgreens outlets in the United Kingdom are also shutting down.

Contributing to the decision was an 83% drop in demand for COVID-19 vaccinations and a sharp decline in COVID testing, the company said.

DoorDash drivers can get paid by the hour

From now on, time is money for many DoorDash drivers.

Starting next month, the popular food delivery service will offer drivers the option of getting paid by the hour. Currently, they're paid per delivery.

Drivers can get a guaranteed hourly minimum rate based on the time that elapses from the moment they accept an offer until it's dropped off. They can also choose to continue earning per gig, or delivery.

The hourly minimum rate is set by the city in which the driver lives.

📰More stories you shouldn't miss📰

Recall alert

The U.S. National Highway Traffic Safety Administration issued several recalls that included Ford, Lincoln and Porsche vehicles.

Ford is recalling 14,452 of its 2019-2020 Fusion Plug-in hybrid electric vehicles because the battery energy control module may be damaged by excessive voltage and current flow. That can cause a loss of drive power or a fire and lead to a crash or injury.

Ford is also recalling 366 of its 2023 Lincoln Nautilus vehicles because the rear shock absorbers may have been manufactured incorrectly. That can damage several parts and increase the risk of a crash.

And Porsche is recalling 700 of its 2022-2023 911 GT3 Touring vehicles due to a software error in the rear spoiler control unit that may cause two sets of brake lights to go on at the same time and confuse other drivers.

About The Daily Money

Each weekday, The Daily Money delivers the best consumer news from USA TODAY. We break down financial news and provide the TLDR version: how decisions by the Federal Reserve, government and companies impact you.

FILE - In this Aug. 18, 2020, photo, mail delivery vehicles are parked outside a post office in Boys Town, Neb. The U.S. Postal Service is replacing tens of thousands of antiquated keys used by postal carriers and installing thousands of high-security collection boxes to stop a surge in robberies and mail thefts, officials said Friday, May 12, 2023. (AP Photo/Nati Harnik, File) ORG XMIT: NY503

Is UPS, USPS, FedEx delivering on July 4th? Are banks open or closed? Here's what to know about what's closed on 4th of July 2023.

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Hackers stole a third-party vendor's log-on credentials to penetrate Home Depot's computer network and steal data on 56 million payment cards, along with 53 million e-mail addresses.
 

Doing some July 4th shopping? Here's which stores are open

If you're looking to buy groceries for a barbecue or spend your day off shopping, here's what's open on July 4th.

2024 Jeep Wrangler Willys
 
For subscribers

I never thought I'd say this about a Jeep Wrangler | Car review

Wrangler added laminated glass, insulating foam and other goodies to reduce noise inside the cabin by a whopping 5 decibels.

Someone working in a tv tower pops out of an opening with his phone to take a photo.
 

Apple's 'My Photo Stream' is shutting down. What's next?

Apple is shutting down the photo uploading feature 'My Photo Stream' in July. Here's how to make sure your photos aren't lost.

The U.S. Food and Drug Administration campus in Silver Spring, Md., is photographed on Oct. 14, 2015.
 

Which baby food has metal in it? Study finds lead, arsenic in products

Consumption of heavy metals in the developmental stage has been shown to increase the risk of developmental and health problems.

Marni Larsen and her son, Damon Rasmussen of Holladay, Utah, wait their turn in line hoping to snag her son's passport outside the Los Angeles Passport Agency at the Federal Building in Los Angeles on June 14, 2023.  Larsen applied for her son's passport two months earlier.
 

Hopeful travelers in passport purgatory due to backup, bureaucracy

U.S. officials aren't even denying the problem with passport processing times or predicting when it will ease.

These blue light blocking glasses are perfect for the educator that teaches remotely through a screen.
 

How effective are blue light glasses? Here's what experts have to say.

Blue light glasses or 'computer glasses' are marketed as critical for people staring at screens all day. How effective are they, really?

Island foxes are among the species unique to the Channel Islands.
 

This isolated national park transports visitors to a 'different world'

Channel Islands National Park is only a boat ride away the Los Angeles area, but visitors will feel like they're a world away.

A Southwest Airlines flight takes off Sunday, March 27, 2022 at Mitchell Airport in Milwaukee, Wis. The airline is the market share leader at the airport. The Dallas-based carrier at one point carried half the passenger traffic departing and arriving at Mitchell.
 

Southwest plane headed for Louisville makes emergency landing

The flight originally took off from Baltimore but made an emergency landing in Columbus due to "an apparent pressurization issue."

A Delta Air Lines jet prepares to land at Los Angeles International Airport, in Los Angeles, Tuesday, March 15, 2022. Airline passengers dealing with weather delays could be facing a new source of disruptions this weekend. Wireless providers plan to power up new 5G systems near major airports on Saturday, July 1, 2023.
 

5G signals could compound July 4 holiday weekend travel concerns

Wireless carriers can start 5G signals at 50 busy airports. Most planes are updated for 5G-airplane interference, but Delta has 190 needing updates.

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