Alina Selyukh

Updated March 12, 2021 at 1:02 PM ET

Jennifer Bates often finds peace by drinking tea on her patio. But these days, to use her words — the butterflies have filled up her stomach and won't go away.

"Butterflies normally come to calm me," Bates says. "But this is ... nerve-racking to think I don't know how it's gonna go."

Costco plans to edge up its starting wage to $16 an hour starting next week, CEO W. Craig Jelinek said on Thursday, revealing plans that would propel his company ahead of most of its retail competitors.

No more sales online. Burlington Stores made the announcement on March 5, just days before coronavirus lockdowns shuttered its doors.

For many retailers, not having a website in the coronavirus pandemic would have spelled doom. Burlington did permanently shutter 28 stores. But then, the discount retailer opened 62 more. And last month, its shares hit an all-time high.

As it turns out, January was for shopping.

Retail spending soared 5.3% last month compared to December, much more than anticipated, as U.S. families began receiving new federal coronavirus relief checks.

People bought more across the board last month, the Commerce Department reported Wednesday: furniture, electronics, clothes, sports equipment, restaurant food, groceries.

Raising the federal minimum wage to $15 an hour by 2025 would increase wages for at least 17 million people, but also put 1.4 million Americans out of work, according to a study by the Congressional Budget Office released on Monday.

A phase-in of a $15 minimum wage would also lift some 900,000 out of poverty, according to the nonpartisan CBO. This higher federal minimum could raise wages for an additional 10 million workers who would otherwise make sightly above that wage rate, the study found.

Updated at 8:28 p.m. ET

Amazon founder Jeff Bezos will step down as the company's chief executive officer this summer, after more than a quarter-century at the helm of the retail, logistics and tech powerhouse.

Even before Amazon built its warehouse in Bessemer, Ala., local officials called it a game-changer.

The mayor said it was the largest single investment in the 130-year history of the city. Birmingham's working-class suburb is a shadow of the steel and mining hub it used to be. Amazon jobs, paying more than double the state's minimum wage of $7.25, promised a shot in the arm.

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Pride And Excitement At Howard University, Harris' Alma Mater

Jan 20, 2021

Updated at 2:15 p.m. ET

The sounds of base drums, cymbals and helicopters all rang out Wednesday morning through a main quad at Washington D.C.'s Howard University, Vice President Harris' alma mater.

Harris' face adorned one of the famous alumni banners at the historically black university on Inauguration Day as some student members of the university's Showtime Marching Band — the drum line and dance and flag squads — prepared to participate in the inaugural parade.

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Updated at 7:25 p.m. ET

Some 6,000 workers at Amazon's warehouse in Bessemer, Ala., will begin voting next month on a groundbreaking possibility: the first union in the company's U.S. history.

Updated at 12:30 p.m. ET

Restaurants and bars are reeling from persistent spikes of coronavirus cases and related restrictions in their communities, driving retail spending in December down for the third month in a row.

Before Amazon took down Parler, the messaging app favored by far-right activists, Amazon says it flagged dozens of instance of violent and hateful posts that Parler "systematically failed" to remove.

The two companies are facing off in court after Amazon's decision to stop hosting Parler took the website offline on Monday. Parler remained unavailable on Wednesday morning. Its app was also blocked by Google and Apple.

More than 200 engineers and other workers have formed a union at Google, a breakthrough in labor organizing in Silicon Valley where workers have clashed with executives over workplace culture, diversity and ethics.

Across half a dozen Google offices in the U.S. and Canada, 226 workers signed cards to form the Alphabet Workers Union, the group said on Monday. They are supported by the Communications Workers of America, which represents workers in telecommunications and media.

On the first day of Christmas, my true love gave to me ... hand sanitizer, a spray can of Lysol, a big box of TP and a cleaning gizmo for keys and phones.

All year, cleaning products have been flying off the shelves — now, they're flying straight into Christmas stockings and wrapping paper. Holiday-season sales of sanitizing wipes and sprays have doubled this year, according to Nielsen. Sales of hand sanitizer have more than quadrupled.

Updated at 2 pm E.T.

Amazon workers at an Alabama warehouse are getting closer to holding a vote on whether to form the first U.S. union at one of America's largest employers — a groundbreaking possibility closely watched by the company's ballooning workforce.

Updated at 11:11 a.m. ET

U.S. retail spending declined the most since a historic plunge in April as new coronavirus surges restricted outings to stores and restaurants.

Retail sales dipped 1.1% in November compared with a month earlier, the Commerce Department said Wednesday.

However, retail spending — excluding food service — was still up 7.1% when compared with a year earlier, in part thanks to record-setting Black Friday and Cyber Monday online shopping sprees.

A house. Two cars. A kid in college. Debi and Nick Lemieur had all the markers of a middle class life. But they both remember one purchase — Nick's $600 bass amplifier — that prompted one of the biggest fights in their four decades of marriage.

"He didn't tell me he hid it in the trunk of the car, and I found it," Debi says, laughing, 14 years later. "To me it was like, oh my God, how much will this screw with our budget?"

U.S. shoppers are on track to spend more than $755 billion during the holiday shopping season in what's expected to be a new sales record despite the coronavirus recession.

In fact, this year's Cyber Monday promises to become the largest online sales day in history. During the peak hour of 8 p.m. to 9 p.m. Pacific time, shoppers could spend $13 million per minute, according to Adobe Digital Insights, which tracks online spending.

Yuko Watanabe had to learn a lot of plant names. She lists them with as much confidence as she does her extensive soup menu. Calathea, pothos, Swedish ivy, song of India.

For over a decade, her Yuko Kitchen has fed Los Angeles Japanese comfort food — something like your friend's mom might cook for you after the school, Watanabe says. But this pandemic spring, when streets emptied and her phones grew quiet, a mini-jungle took over the chairs and tables, her cafes pivoting to sell nourishment both for the body and the soul.

Amazon warehouse workers in Bessemer, Ala., have notified federal labor authorities of their plans to hold a unionization vote, teeing up a potentially groundbreaking labor battle at the retail giant known for its opposition to unionizing.

A filing, posted by the National Labor Relations Board, says Amazon workers at the fulfillment center outside of Birmingham want to form a bargaining unit of all 1,500 full- and part-time employees at the facility, to be represented by the Retail, Wholesale and Department Store Union.

Amazon has launched a pharmacy business, offering to fill prescriptions for delivery by mail.

The retail giant barging in — its biggest foray into health care yet — reverberated through the industry on Tuesday. Shares of CVS were down about 8% at midday, while Walgreens tumbled 9% and Rite Aid 15%.

Prescription drugs are an industry worth hundreds of billions of dollars — and more people have turned to ordering medications by mail during the coronavirus pandemic. Analysts say Amazon's move could particularly affect smaller drugstores.

Updated at 9:13 a.m. ET

Shoppers kept buying electronics and home improvement supplies, but October proved a month when much of the retail world held its breath. Retail sales barely budged, inching up just 0.3% from September, the Commerce Department said Tuesday.

Rebounding from near-collapse in the spring, retail spending has improved since the summer, even topping pre-pandemic levels. In October, overall retail sales were up 5.7% compared with a year earlier.

Updated at 3:06 p.m. ET

European Union officials are accusing Amazon of breaking EU competition rules by exploiting the data the company collects from other sellers on its platform for its own benefit. These are the first formal charges against the tech and retail giant in a spate of antitrust investigations around the world.

Cheers, honking, cowbell and drum sounds and even confetti filled the air in downtown Philadelphia on Saturday as supporters of President-elect Joe Biden poured into the streets with signs reading: "The People Have Spoken," "Thank Youse" and "Philly Says: Donald Trump, You're Fired."

A reliable Democratic stronghold, Philadelphia had gripped the attention of the nation as Pennsylvania became the state that tipped the presidential election in Biden's favor on the fifth day of ballot counting.

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When Diana Newcomb looks back at a retail job she had in the 1970s, it sounds bonkers. She and other 20-somethings would sit in the office of a Rhode Island department store and tally sales stubs by hand. They would note sales in a ledger, like this: five pairs of boys size 6 Levi's — sold.

"I was renting a garage apartment and living off of canned vegetables and Triscuits," she says and laughs. "You know, I thought I was being independent. I was at that point."

Plywood window coverings have blanketed high-end shopping areas of big U.S. cities ahead of Tuesday's election.

It's an eerie sight in a country built on the idea of a peaceful transition of power. In fact, that kind of signal is exactly why city authorities have generally advised business owners not to board up, promising stepped-up security measures.

Walmart is returning guns and ammunition back to its shelves after removing them from display as a safety precaution, citing this week's "isolated civil unrest."

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