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Categories Business

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 Business

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 Business

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 Business

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 Business

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 Business

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 Business

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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Categories Business

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

Author May 31, 2024

U.S. consumers and businesses alike have turned cautious about spending this year because of elevated inflation and interest rates, according to Bank of

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Categories Business

McDonald’s exec says average menu item costs 40% more than in 2019

Author May 31, 2024

A top McDonald’s executive is weighing in on claims that the company has jacked up its prices. Joe Erlinger, president of McDonald’s USA, said in an

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Categories Business

IRS announces Direct File as permanent free tax-filing option starting next year

Author May 31, 2024

The Internal Revenue Service announced Thursday that its experimental Direct File free tax-filing option for simplified tax returns would become a permanent

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