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The Dow just hit 40,000. Here’s a look at how it got here.
The Dow Jones Industrial Average reached a milestone Thursday that seemed unfathomable a year ago. A trader at the New York Stock...
Read moreAs Tesla layoffs continue, here are 600 jobs the company cut in California
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...
Read moreUAW loses Alabama union vote seen as bellwether for organizing autoworkers in the South
Workers at two Mercedes-Benz factories in Alabama have voted against joining the United Auto Workers, the largest autoworkers union in...
Read moreHere’s what has driven the Dow rally to 40,000, and why it could keep going
Passing major milestones such as the 40,000 barrier the Dow Jones Industrial Average eclipsed this week makes for a nice...
Read moreWayfair to open its first large store, as physical locations make a comeback
What retail apocalypse? Online home goods retailer Wayfair is opening its first namesake store, near Chicago, following a string of other digitally...
Read moreThe Mirage casino, which ushered in an era of Las Vegas Strip megaresorts in the ’90s, is closing
LAS VEGAS — The iconic Mirage hotel-casino on the Las Vegas Strip will shut its doors this summer, the end...
Read moreUnder Armour is laying off workers as retailer says North America sales will plunge this year
Under Armour announced a broad restructuring plan on Thursday as it said sales in its largest market, North America, plunged 10%...
Read moreRent up, groceries down: Inflation cooled slightly in April, but consumers still face a mixed bag
The consumer price index, the most-watched inflation measurement put out by the U.S. government, declined slightly to 3.4% on a...
Read moreTesla’s Chinese rival Nio launches a new brand and car that undercuts the Model Y by $4,000
Chinese electric car company Nio revealed Wednesday that the first car for its new, lower-priced brand, Onvo, will be about $4,000 cheaper...
Read moreMcDonald’s $5 value meal is coming in June — and staying for just a month
McDonald’s is set to offer a $5 value meal in the U.S., but only for a limited time. The promotion will...
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Spanish retailer Mango to open 60 new U.S. stores as it looks to elevate the brand
Spanish retailer Mango is embarking on a bold expansion plan in the U.S. as it looks to shed its fast-fashion...
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Walmart pulls back on DEI efforts, removes some LGBTQ merchandise from website
Walmart on Monday confirmed that it’s ending some of its diversity initiatives, removing some LGBTQ-related merchandise from its website and winding...
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U.S. charges former Wamco executive Kenneth Leech with fraud
Kenneth Leech, the former co-chief investment officer of Western Asset Management Co, was charged by U.S. authorities on Monday with...
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Kohl’s CEO Tom Kingsbury to step down and be replaced by Michaels CEO Ashley Buchanan
Kohl’s is getting a new CEO, its third since 2018. The off-mall department store’s current CEO Tom Kingsbury is stepping down...
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