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Categories Business

Inflation vs. wages: How rising prices stack up against growing pay

Author June 27, 2024

It’s a key question on voters’ minds heading into Thursday night’s presidential debate: How far does my dollar go in 2024? The short

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Categories Business

Amazon reaches $2 trillion market cap for the first time

Author June 27, 2024

Amazon shares climbed more than 3% in intraday trading on Wednesday, pushing the company’s market cap past $2 trillion for the first time. In

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Categories Business

The ‘funflation’ effect: Why Americans are spending on travel and entertainment

Author June 27, 2024

Even while carrying $1.13 trillion in credit card debt, many Americans are still willing to splurge on travel and entertainment. But this summer it will cost

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Categories Business

Rivian secures up to $5 billion from Volkswagen; shares soar 40%

Author June 27, 2024

Volkswagen plans to invest up to $5 billion in electric vehicle startup Rivian, starting with an initial investment of $1 billion. The additional $4 billion

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Categories Business

Sixteen Nobel Prize-winning economists warn a second Trump term would ‘reignite’ inflation

Author June 26, 2024

Sixteen Nobel Prize-winning economists signed a joint letter Tuesday warning of what they see as economic risks if former President Donald Trump were to serve

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Categories Business

Tesla’s Cybertruck recalled for a fourth time over two separate parts issues

Author June 26, 2024

DETROIT (AP) — Tesla is recalling its futuristic new Cybertruck pickup for the fourth time in the U.S. to fix problems with trim pieces

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Categories Business

Treasury Secretary Yellen announces $100M affordable housing fund as shelter costs weigh on Biden

Author June 26, 2024

Treasury Secretary Janet Yellen on Monday unveiled a new slate of financing initiatives to support housing development, including a $100 million fund specifically for affordable housing. The announcement comes

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Categories Business

21 million Miniverse toy sets recalled after reports of burns and respiratory irritation

Author June 26, 2024

More than 21 million Miniverse “Make It Mini” sets by California toymaker MGA Entertainment are being recalled because of potentially hazardous resins,

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Categories Business

Hooters to close ‘underperforming’ restaurants amid broader industry woes

Author June 26, 2024

Hooters said Monday that it’s closing ‘a select’ number of underperforming restaurants, the latest casual dining chain to announce shutdowns amid broader

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Categories Business

How Delta made itself America’s luxury airline — and what United wants to do about it

Author June 26, 2024

Delta Air Lines is the country’s most profitable airline. CEO Ed Bastian’s challenge is to make sure his carrier stays on top. The airline’s

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