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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

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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

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

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

Bank of America CEO says U.S. consumers and businesses have turned cautious on spending

Author May 31, 2024

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Categories Economy

Nissan issues ‘do not drive’ warning for 84,000 older-model vehicles over Takata air bags

Author May 31, 2024

Nissan has issued a ‘do not drive’ warning for about 84,000 older-model vehicles because they carry recalled Takata-made airbags. The warning affects certain

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