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Categories Economy

Jeep expects to grow plug-in hybrid SUV sales by as much as 50% in 2024

Author June 4, 2024

Jeep plans to grow U.S. sales of its plug-in hybrid electric vehicles by as much as 50% this year as it leans

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Categories Economy

Why some major artists are suddenly canceling shows, and in some cases entire tours

Author June 2, 2024

A series of tour cancellations and changes by big-name artists has sparked questions about whether the post-pandemic live music boom could be

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Categories Economy

Ulta Beauty CEO outlines plans to boost sales after first-quarter slowdown, shares jump 11%

Author June 2, 2024

Ulta Beauty on Thursday laid out plans to boost sales and gain market share after a first-quarter sales slowdown. Comparable sales, a metric that

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Categories Economy

Dow closes more than 570 points higher to post best day in 2024, stocks wrap a winning May

Author June 1, 2024

The Dow Jones Industrial Average jumped Friday for its best session of the year, as investors wrapped up a strong month after the Federal

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Categories Economy

The Fed’s preferred inflation measure rose 0.2% in April, as expected

Author June 1, 2024

Inflation rose about as expected in April, with markets on edge over when interest rates might start coming down, according to a

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Categories Economy

Top adviser recommends against Elon Musk’s $56B Tesla pay package

Author June 1, 2024

Top proxy adviser Institutional Shareholder Services on Friday recommended Tesla shareholders vote against the reapproval of CEO Elon Musk’s $56 billion pay package and withhold

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Categories Economy

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

Author June 1, 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 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

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

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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