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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

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

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

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

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

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

Under Armour is laying off workers as retailer says North America sales will plunge this year

Author May 17, 2024

Under Armour announced a broad restructuring plan on Thursday as it said sales in its largest market, North America, plunged 10% and predicted

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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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Categories Business

Rent up, groceries down: Inflation cooled slightly in April, but consumers still face a mixed bag

Author May 17, 2024

The consumer price index, the most-watched inflation measurement put out by the U.S. government, declined slightly to 3.4% on a 12-month basis

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Categories Business

McDonald’s $5 value meal is coming in June — and staying for just a month

Author May 17, 2024

McDonald’s is set to offer a $5 value meal in the U.S., but only for a limited time. The promotion will include four items

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