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Categories Economy

American Eagle profit soars, but sales grow slower than expected

Author June 1, 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 Economy

It was a strong week for retail earnings. That doesn’t spell a consumer comeback

Author June 1, 2024

Retail’s biggest winners during first-quarter earnings aren’t thriving because consumers are suddenly spending more on discretionary goods — it’s because they’re executing well and

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Categories Economy

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 Economy

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 Economy

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 Economy

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 Economy

Stellantis CEO says $25,000 Jeep EV coming to the U.S. ‘very soon’

Author May 31, 2024

Stellantis plans to offer a $25,000 all-electric Jeep vehicle in the U.S. “very soon” to better attract mainstream consumers amid slower-than-expected electric vehicle

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Categories Economy

FTX exec who turned on Sam Bankman-Fried sentenced to 7.5 years in prison

Author May 31, 2024

Ryan Salame, a former top lieutenant of FTX founder Sam Bankman-Fried, has been sentenced to 90 months, or seven and a half

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Categories Economy

McDonald’s might never expand CosMc’s. But the spinoff could still pay dividends.

Author May 31, 2024

Nearly six months since McDonald’s opened its first CosMc’s location, the hours-long drive-thru lines have died down, but the chain is just getting started. The burger

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Categories Economy

Why everyone is suddenly talking about Nvidia, the nearly $3 trillion-dollar company fueling the AI revolution

Author May 31, 2024

The business world is increasingly banking on artificial intelligence to be the next big thing, and has found itself turning to one

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