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Categories Business

Dow closes at record high above 40,000 to cinch a five-week winning streak

Author May 19, 2024

The Dow Jones Industrial Average closed Friday above the key 40,000 level for the first time in history, a day after hitting that benchmark

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Categories Business

Some consumers are punting big purchases like pools and mattresses

Author May 19, 2024

Americans are kicking the can down the road on some more-costly, traditionally financed purchases as elevated inflation and interest rates bite. Corporate executives

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Categories Business

Frontier Airlines does away with change fees in budget airline pricing overhaul

Author May 19, 2024

Frontier Airlines said it will stop charging customers a fee to change their flights, taking a page from larger competitors as the Biden

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Categories Business

The Dow just hit 40,000. Here’s a look at how it got here.

Author May 18, 2024

The Dow Jones Industrial Average reached a milestone Thursday that seemed unfathomable a year ago. A trader at the New York Stock Exchange on Thursday,

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Categories Business

Wayfair to open its first large store, as physical locations make a comeback

Author May 18, 2024

What retail apocalypse? Online home goods retailer Wayfair is opening its first namesake store, near Chicago, following a string of other digitally native companies that

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Categories Business

Here’s what has driven the Dow rally to 40,000, and why it could keep going

Author May 18, 2024

Passing major milestones such as the 40,000 barrier the Dow Jones Industrial Average eclipsed this week makes for a nice headline, but

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Categories Business

UAW loses Alabama union vote seen as bellwether for organizing autoworkers in the South

Author May 18, 2024

Workers at two Mercedes-Benz factories in Alabama have voted against joining the United Auto Workers, the largest autoworkers union in the U.S.,

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Categories Business

As Tesla layoffs continue, here are 600 jobs the company cut in California

Author May 18, 2024

As part of Tesla’s massive restructuring, the electric-vehicle maker notified the California Employment Development Department this week that it’s cutting approximately 600 more employees

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Categories Business

The Mirage casino, which ushered in an era of Las Vegas Strip megaresorts in the ’90s, is closing

Author May 18, 2024

LAS VEGAS — The iconic Mirage hotel-casino on the Las Vegas Strip will shut its doors this summer, the end of an

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Categories Business

Tesla’s Chinese rival Nio launches a new brand and car that undercuts the Model Y by $4,000

Author May 17, 2024

Chinese electric car company Nio revealed Wednesday that the first car for its new, lower-priced brand, Onvo, will be about $4,000 cheaper than Tesla’s comparable Model

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