The Dow Jones Industrial Average slipped on Monday, snapping an eight-day winning streak, as traders grappled with rising inflation expectations ahead of key reports due later in the week. The 30-stock Dow…
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Editor’s Pick
Editor's Pick
Red Lobster closing at least 99 locations as its future comes into question
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At least 99 locations of Red Lobster are being auctioned off amid questions about the stalwart seafood chain’s long-term future. In a post Monday on LinkedIn, Neal Sherman, founder and…
Adam Selipsky, CEO of Amazon’s cloud computing business, will step down from his role next month, the company announced Tuesday. Matt Garman, senior vice president of sales and marketing at Amazon Web Services,…
Editor's Pick
Silver lining for consumers: Food price growth has gone flat and other prices are falling
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Price growth in many key consumer categories has slowed considerably or ceased altogether — but that has done little to dent consumer worries as the costs of housing and other…
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Fed Chair Jerome Powell says inflation has been higher than thought and expects rates to hold steady
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Federal Reserve Chair Jerome Powell reiterated Tuesday that inflation is falling more slowly than expected and will keep the central bank on hold for an extended period. Speaking to the…
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Federal student loans this fall will have the highest interest rate in more than a decade
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The interest rate on many new federal student loans is set to rise to its highest level in more than a decade next year as lenders throughout the economy seek…
U.S. safety regulators have opened a probe into Amazon-owned robotaxi venture Zoox after two of its autonomous SUVs braked suddenly and were rear-ended by motorcyclists. The National Highway Traffic Safety Administration…
Workers at a Mercedes-Benz plant in Alabama began voting Monday on whether to join the United Auto Workers union, a significant test of whether the labor group can maintain momentum in…
Editor's Pick
Target says Pride collection will appear in ‘select’ stores, cuts LGBTQ apparel for kids
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Target will limit which stores sell LGBTQ-themed products following last year’s firestorm over its decision to sell products designed for transgender people. The retailer said Thursday that it would be…
Fewer homeowners have been taking on remodeling projects, reports show. But don’t mistake it for a slow market. The Leading Indicator of Remodeling Activity, an outlook measuring home improvement and repair spending…