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Categories Business

Tesla to recall 125,227 vehicles over faulty seat belt warning system

Author June 1, 2024

Tesla is recalling 125,227 vehicles in the United States due to a malfunction in its seat belt warning system that can increase the

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Categories Business

Pending home sales in April slump to lowest level since the start of the pandemic

Author June 1, 2024

Signed sales contracts on existing homes dropped 7.7% in April compared to March, the slowest pace since April 2020, according to the

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Categories Business

N.Y. Fed President John Williams says inflation is too high but will start coming down soon

Author June 1, 2024

New York Federal Reserve President John Williams on Thursday said inflation is still too high, but he is confident it will start

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Categories Business

Hiring stays strong for low earners — while job growth for middle- and high-earners slows, Vanguard finds

Author June 1, 2024

The pace of hiring remains strong for lower-earning Americans, holding steady above its pre-pandemic baseline even as the demand for higher-income workers has waned

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Categories Business

T-Mobile to acquire most of U.S. Cellular in $4.4 billion deal

Author May 31, 2024

Shares of U.S. Cellular popped nearly 6% Tuesday after T-Mobile announced that it plans to acquire most of the company, including the wireless operator’s stores, some of

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Categories Business

American Eagle profit soars, but sales grow slower than expected

Author May 31, 2024

American Eagle on Wednesday said it’s making gains in boosting profitability as it works to improve its product assortment and tweak operations. Still,

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Categories Business

Weekly mortgage demand drops to three-month low as rates begin climbing again

Author May 31, 2024

After a brief pullback during much of May, mortgage rates began rising again last week. That had an immediate impact on what

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Categories Business

Walgreens announces price cuts on 1,300 items amid ongoing consumer spending fatigue

Author May 31, 2024

Walgreens announced Wednesday it would continue to cut prices on 1,300 items — making it the latest company to pivot to value

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Categories Business

Inflation pressure lingering from pandemic is keeping Fed rate cuts on pause

Author May 31, 2024

WASHINGTON — Hopes for interest rate cuts this year by the Federal Reserve are steadily fading, with a stream of recent remarks

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Categories Business

IRS announces Direct File as permanent free tax-filing option starting next year

Author May 31, 2024

The Internal Revenue Service announced Thursday that its experimental Direct File free tax-filing option for simplified tax returns would become a permanent

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