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Categories Business

Amazon reaches $2 trillion market cap for the first time

Author June 27, 2024

Amazon shares climbed more than 3% in intraday trading on Wednesday, pushing the company’s market cap past $2 trillion for the first time. In

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Categories Business

The ‘funflation’ effect: Why Americans are spending on travel and entertainment

Author June 27, 2024

Even while carrying $1.13 trillion in credit card debt, many Americans are still willing to splurge on travel and entertainment. But this summer it will cost

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Categories Business

Rivian secures up to $5 billion from Volkswagen; shares soar 40%

Author June 27, 2024

Volkswagen plans to invest up to $5 billion in electric vehicle startup Rivian, starting with an initial investment of $1 billion. The additional $4 billion

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Categories Business

Amazon plans to launch discount store in bid to fend off Temu and Shein

Author June 27, 2024

Amazon plans to launch a new section on its site dedicated to low-priced fashion and lifestyle items that will allow Chinese sellers to

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Categories Business

Inflation vs. wages: How rising prices stack up against growing pay

Author June 27, 2024

It’s a key question on voters’ minds heading into Thursday night’s presidential debate: How far does my dollar go in 2024? The short

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Categories Business

How Delta made itself America’s luxury airline — and what United wants to do about it

Author June 26, 2024

Delta Air Lines is the country’s most profitable airline. CEO Ed Bastian’s challenge is to make sure his carrier stays on top. The airline’s

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Categories Business

Maker of Hershey’s, Jeni’s, and Friendly’s ice cream products issues recall over Listeria

Author June 26, 2024

A company responsible for producing ice cream products for several popular brands, including Hershey’s, Jeni’s and Friendly’s, has issued a recall because

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Categories Business

Novo Nordisk to build $4.1 billion North Carolina facility to boost output of Wegovy, Ozempic

Author June 26, 2024

Novo Nordisk on Monday said it will spend $4.1 billion to build a new manufacturing plant in Clayton, North Carolina, in a bid

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Categories Business

Hooters to close ‘underperforming’ restaurants amid broader industry woes

Author June 26, 2024

Hooters said Monday that it’s closing ‘a select’ number of underperforming restaurants, the latest casual dining chain to announce shutdowns amid broader

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Categories Business

Paramount+ to increase prices for its streaming plans

Author June 25, 2024

Paramount Global is hiking the price of its flagship streaming service as the company looks to turn around its business. The company said Monday

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