Category Archives: WBAP 24/7 News

Wealthier Americans Are Driving Retail Spending and Powering US Economy

Wealthier Americans Are Driving Retail Spending and Powering US Economy

WASHINGTON (AP) — It’s a trend that has surprised many: Why, despite being squeezed by high prices, have Americans kept spending at retail stores and restaurants at a robust pace? One key reason is a relatively simple one: Wealthier consumers, boosted by strong gains in income, home equity and stock market wealth, have increasingly driven…MORE

CVS Health CEO Lynch Steps Down as National Chain Struggles to Right Its Path

CVS Health CEO Lynch Steps Down as National Chain Struggles to Right Its Path

CVS Health CEO Karen Lynch has stepped down with company shares sinking 19% this year and the health care giant struggling on several fronts. Company shares tumbled again Friday after CVS Health also warned of disappointing third-quarter earnings and said investors should not rely on guidance it laid out in August. Lynch will be replaced…MORE

Boy Scouts of America Trust to Auction Rare Art to Compensate Sexual Abuse Survivors

Boy Scouts of America Trust to Auction Rare Art to Compensate Sexual Abuse Survivors

IRVING (WBAP/KLIF News ) – The Boy Scouts of America’s settlement trust is selling four Norman Rockwell paintings as part of a collection at Heritage Auctions in Dallas next month as part of the effort to compensate more than 64,000 sex abuse survivors. Each painting is valued at more than $100,000. The Irving-based organization filed…MORE