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Categories Economy

Home sales slipped unexpectedly in April despite big gains in supply

Author May 23, 2024

Sales of previously owned homes fell 1.9% in April from March to 4.1 million units, on a seasonally adjusted annualized basis, according

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Categories Economy

Warner Bros. Discovery and ESPN strike 5-year deal for College Football Playoff games

Author May 23, 2024

In a move to strengthen its sports offerings, Warner Bros. Discovery has signed a five-year sublicensing deal with Disney’s ESPN to broadcast first-round and quarterfinal

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Categories Economy

Federal Reserve minutes indicate worries over lack of progress on inflation

Author May 23, 2024

Federal Reserve officials grew more concerned at their most recent meeting about inflation, with members indicating that they lacked the confidence to

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Categories Economy

Amazon plans to give Alexa an AI overhaul — and a monthly subscription price

Author May 23, 2024

Amazon is upgrading its decade-old Alexa voice assistant with generative artificial intelligence and plans to charge a monthly subscription fee to offset the cost of

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Categories Economy

Here’s where rents are rising — and where they’re falling

Author May 22, 2024

Driven by the work-from-home dynamic, as well as by new migration patterns, both single-family and multifamily rent prices were red-hot during the

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Categories Economy

Spirit Airlines gets rid of change and cancellation fees, joining Frontier

Author May 22, 2024

Spirit Airlines is doing away with both change and cancellation fees, effective immediately, days after Frontier’s similar announcement, part of an overhaul of the

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Categories Economy

Pixar is laying off 14% of its workforce as Disney scales back content

Author May 22, 2024

Long-expected layoffs are hitting Pixar Animation Studios today. Pixar will lay off about 175 employees, or around 14% of the studio’s workforce, a

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Categories Economy

Supreme Court Justice Samuel Alito sold Bud Light owner’s stock amid boycott

Author May 22, 2024

Supreme Court Justice Samuel Alito sold shares of beer giant Anheuser-Busch as conservatives were ditching the Bud Light brewer over its partnership with a transgender social media

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Categories Economy

Nestle to launch frozen pizzas, other foods targeting users of weight-loss drugs

Author May 22, 2024

Nestle is launching a new frozen-food brand, Vital Pursuit, aimed at the growing market of consumers who are using GLP-1 drugs like Ozempic

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Categories Economy

Trump Media lost $327.6 million in the first quarter of the year on revenue of just $770,500

Author May 22, 2024

Trump Media & Technology Group, the parent company of Donald Trump’s Truth Social platform, disclosed a net loss of $327.6 million in the first quarter of

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