Markets
AvalonBay and Equity Residential Announce Megamerger Creating Apartment Giant
The deal will create one of the largest real estate companies in the U.S. with more than 180,000 rental apartments.
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Markets news: stocks, bonds, oil, crypto and the Federal Reserve.
MarketsStellantis Unveils $70 Billion Turnaround Plan, Targets Cash Flow Recovery by 2027
Automaker CEO Antonio Filosa announced ambitious five-year strategic plan worth 60 billion euros at investor day Thursday.
- Markets
Stellantis Unveils Ambitious $70 Billion Turnaround Plan, Targets Positive Cash Flow by 2028
The automaker announced a comprehensive five-year strategic plan while projecting a 35% increase in North American sales led by Ram Trucks and Chrysler revival.
MarketsTarget Beats Wall Street Estimates, Raises Sales Outlook as Shoppers Return
The retailer reported better-than-expected earnings and increased its sales forecast as customer traffic begins to recover from recent declines.
- Markets
Target Beats Wall Street Expectations, Raises Sales Outlook
Retailer shows signs of turnaround as CEO Michael Fiddelke's strategy begins attracting customers back to stores amid broader retail challenges.
- Markets
Target Beats Wall Street Estimates and Raises Sales Outlook as Shoppers Return
Retail giant shows signs of recovery from sales slump with improved customer traffic and optimistic revenue projections for remainder of year.
MarketsHome Depot Reports 5% Sales Growth Despite Rising Gas Prices Pressuring Consumers
The home improvement retailer beat Wall Street expectations as core shoppers remained resilient, though some customers pulled back on larger projects.
MarketsMortgage Rates Surge to Highest Level Since July on Iran War Uncertainty
Continued military conflict in Middle East drives rates higher as investors seek safety in government bonds.
MarketsAI Economy Reshapes American Dream as Blue-Collar Workers Emerge as Big Winners
Companies like Ford and AT&T ramp up skilled trade recruiting while AI-driven hiring slowdowns hit entry-level positions for college graduates.
MarketsLululemon Takes Founder Battle Public, Calls Chip Wilson 'Misguided' and 'Outdated'
Athletic apparel company responds publicly to founder's campaign in letter to shareholders ahead of annual meeting showdown.
MarketsMarkets Plunge Over 500 Points on China Summit Concerns
Dow falls sharply Friday as investors worry about lack of concrete agreements from Trump's Beijing meetings.
- Markets
Markets Plunge Over 500 Points as Trump's China Summit Yields No Major Breakthroughs
Dow falls sharply Friday as investors express concern over lack of substantive agreements between U.S. and China leaders.
MarketsGlobal Markets Plunge Over 500 Points After Trump's China Summit Yields Few Results
Investors react negatively to lack of major agreements between U.S. and China, while oil prices surge amid ongoing Iran war concerns.
- Markets
Markets Plunge Over 500 Points After Trump's China Summit Yields Few Agreements
Global bonds and oil prices surge as investors react to lack of progress between U.S. and China, raising concerns about trade and geopolitical tensions.
- Markets
Global Markets Plunge as Trump's China Summit Yields Few Results
The Dow fell more than 500 points Friday as investors expressed disappointment over the lack of major agreements between the U.S. and China.
- Markets
Global Markets Tumble as Trump's China Trip Yields Few Concrete Results
Government bonds and oil prices surge while stocks fall as investors react to limited trade progress and escalating Iran conflict concerns.
MarketsChinese EVs Coming to Canada as Dealers Embrace New Market Opportunity
Canada allowing 49,000 Chinese-made electric vehicles annually at 6.1% tariff rate as dealers express enthusiasm.
MarketsDetroit Automakers Slash Over 20,000 U.S. Jobs as AI Revolution Looms
General Motors, Ford, and Stellantis cut salaried positions amid technological transformation and artificial intelligence disruption concerns.
MarketsChina Orders 200 Boeing Jets as Trump Touts Trade Success
President announces massive aircraft purchase during Beijing summit, signaling potential thaw in commercial relations.
- Markets
China Agrees to Purchase 200 Boeing Jets as Trump Touts Trade Success
President Trump announced the major aircraft order during his China visit, providing a significant boost to Boeing's commercial aviation business amid ongoing trade negotiations.
MarketsDow Reclaims 50,000 and S&P 500 Hits Record as Trump-Xi Summit Rallies Wall Street Despite 3.8% Inflation
Cisco's strong earnings and optimism over a U.S.-China framework deal pushed stocks higher, even as the Michigan Consumer Sentiment Index fell to an all-time low of 48.2.
MarketsBeer Demand Plummets as Surging Gas Prices Squeeze Consumer Spending
U.S. beer sales suffer sharp decline as higher fuel costs force Americans to cut back on discretionary purchases, data shows.
MarketsKraft Heinz Launches Kool-Aid Electrolyte Packets Without Artificial Dyes
Parent company attempts to modernize legacy brand and reverse slumping sales with healthier product formulations.
- Markets
Beer Sales Plummet as Soaring Gas Prices Squeeze Consumer Spending
Convenience stores and high-fuel-cost states see sharpest declines as Iran war drives energy costs toward $5 per gallon.
MarketsCompanies Begin Receiving Tariff Refunds After Supreme Court Ruling
The first wave of refunds are flowing to businesses after the Supreme Court ruled some of President Trump's tariffs unconstitutional.
MarketsUnited Airlines Flight Attendants Ratify New Contract With 31% Raises This Summer
Labor deal provides first raises in nearly six years for flight attendants as airline industry continues post-pandemic recovery efforts.
MarketsGM Cuts Hundreds of Salaried IT Workers as Automaker Evaluates Technology Needs
General Motors is laying off hundreds of employees in information technology operations as the company trims costs and reassesses its technology requirements.
MarketsU.S. Inflation Surges to 3.8% in April, the Hottest Reading Since 2023, as Iran War Drives Gasoline Up 28% From a Year Ago
The Consumer Price Index jumped 0.6% on the month — well above the 0.4% Wall Street had penciled in — as energy costs accounted for more than 40% of the headline gain.
MarketsJPMorgan Chase-Led Bank Group Restricts Credit to Troubled KKR Private Credit Fund as Losses Mount
The KKR fund, known by its ticker FSK, has become one of the most visible fault lines in the private credit industry as financial pressures intensify.
- Markets
GM Cuts Hundreds of IT Workers as Automaker Evaluates Technology Needs
General Motors is laying off hundreds of salaried employees in its information technology operations as part of a broader cost-reduction effort amid changing industry demands.