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Categories Economy

Key fed inflation gauge cools to its slowest rate in over three years

Author June 28, 2024

An important economic measure for the Federal Reserve showed Friday that inflation during May slowed to its lowest annual rate in more

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Categories Economy

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 Economy

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 Economy

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 Economy

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 Economy

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 Economy

Sixteen Nobel Prize-winning economists warn a second Trump term would ‘reignite’ inflation

Author June 26, 2024

Sixteen Nobel Prize-winning economists signed a joint letter Tuesday warning of what they see as economic risks if former President Donald Trump were to serve

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Categories Economy

Tesla’s Cybertruck recalled for a fourth time over two separate parts issues

Author June 26, 2024

DETROIT (AP) — Tesla is recalling its futuristic new Cybertruck pickup for the fourth time in the U.S. to fix problems with trim pieces

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Categories Economy

21 million Miniverse toy sets recalled after reports of burns and respiratory irritation

Author June 26, 2024

More than 21 million Miniverse “Make It Mini” sets by California toymaker MGA Entertainment are being recalled because of potentially hazardous resins,

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Categories Economy

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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