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Categories Business

U.S. markets close sharply lower — but some economists say economy looks stable

Author August 6, 2024

Stocks saw a dramatic pullback — their third in as many trading days — as a confluence of factors including ongoing fears

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Categories Business

Retiring Corvette ‘godfather’ on EVs, spinoff and a performance SUV

Author August 6, 2024

DETROIT — Tadge Juechter’s first “taste” of Corvette working at General Motors was to research whether there were enough Americans who could afford a

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Categories Business

How sustainable diaper brand Kudos is taking on industry giants — with a Target rollout

Author August 6, 2024

Throughout modern history, parents have only had one real option when it comes to disposable diapers: plastic. The single-use products are typically made

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Categories Business

JPMorgan Chase is opening more small-town branches in middle America

Author August 6, 2024

Three years ago, JPMorgan Chase became the first bank with a branch in all 48 contiguous states. Now, the firm is expanding, with the

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Categories Business

American recession fears spark selloff in international markets and point to lower U.S. open

Author August 5, 2024

U.S. stocks saw their third-straight trading day of heavy declines as recession fears continued to mount and Wall Street abandoned a

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Categories Business

CrowdStrike says it isn’t to blame for Delta’s flight cancellations after July outage

Author August 5, 2024

CrowdStrike on Sunday said Delta Air Lines had rejected on-site help during last month’s massive outage that sparked thousands of flight cancellations. Delta CEO Ed Bastian told CNBC’s “Squawk

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Categories Business

Business is good in ‘Vacationland.’ It would be even better with more housing.

Author August 5, 2024

ROCKLAND, Maine — Noah Barnes can’t sell bunks aboard his schooner fast enough. The ones unoccupied by his staff, anyway. Barnes, the owner

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Categories Business

Dow tumbles more than 600 points after weak jobs report

Author August 5, 2024

Stocks tumbled for the second-straight day Friday as a weaker-than-expected jobs report and a dismal forecast from Amazon added to investor fears

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Categories Business

Warren Buffett’s Berkshire Hathaway sold nearly half its stake in Apple

Author August 5, 2024

Warren Buffett’s Berkshire Hathaway dumped nearly half of its gigantic Apple stake last quarter in a surprising move for the famously long-term-focused investor. The Omaha-based conglomerate disclosed

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Categories Business

Mortgage rates plunge to the lowest level in over a year after weak employment report

Author August 5, 2024

The average rate on the popular 30-year fixed mortgage dropped 22 basis points to 6.4% Friday, according to Mortgage News Daily. That is the

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