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 in the previous trading session. The 30-stock average…
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Americans are kicking the can down the road on some more-costly, traditionally financed purchases as elevated inflation and interest rates bite. Corporate executives this earnings season have lamented that customers…
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UAW loses Alabama union vote seen as bellwether for organizing autoworkers in the South
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Workers at two Mercedes-Benz factories in Alabama have voted against joining the United Auto Workers, the largest autoworkers union in the U.S., a blow to an effort to strengthen the…
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As Tesla layoffs continue, here are 600 jobs the company cut in California
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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 at its manufacturing facilities and engineering offices between…
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, May 16, 2024, as the DOW reached…
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The Mirage casino, which ushered in an era of Las Vegas Strip megaresorts in the ’90s, is closing
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LAS VEGAS — The iconic Mirage hotel-casino on the Las Vegas Strip will shut its doors this summer, the end of an era for a property credited with helping transform…
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Wayfair to open its first large store, as physical locations make a comeback
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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 have turned to brick-and-mortar for growth. In…
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Here’s what has driven the Dow rally to 40,000, and why it could keep going
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Passing major milestones such as the 40,000 barrier the Dow Jones Industrial Average eclipsed this week makes for a nice headline, but market experts do not take much else from…
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Rent up, groceries down: Inflation cooled slightly in April, but consumers still face a mixed bag
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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 in April as price growth in the economy…
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Under Armour is laying off workers as retailer says North America sales will plunge this year
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Under Armour announced a broad restructuring plan on Thursday as it said sales in its largest market, North America, plunged 10% and predicted the trend will get worse throughout its current…