Financial guru Dave Ramsey has joined the chorus of people appalled by a partnership between food delivery service DoorDash and e-commerce company Klarna, whose “buy now, pay later” payment system will allow customers to pay off their orders through split charges over time. Ramsey, a conservative radio pundit and personal finance expert who focuses on […]
As Elon Musk wraps up his second month in the White House, Tesla owners are trading in their electric vehicles at record levels, according to an analysis by national car shopping site Edmunds. The data from Edmunds published on Thursday said that March represented “the highest ever share” it had seen for Tesla trade-ins toward new or used cars […]
Nike on Thursday warned that sales will drop by a double digit percentage in its current quarter as the sneaker giant contends with new tariffs, sliding consumer confidence and a slower than expected turnaround. In a conference call with analysts, finance chief Matt Friend said Nike expects its sales decline in the fiscal fourth quarter, which […]
TOKYO, March 21 (Reuters) – The U.S. dollar was on the front foot against major peers on Friday after its best single-day performance for three weeks with the Federal Reserve indicating no rush to cut interest rates. The risk-sensitive Australian and New Zealand dollars remained on the defensive after steep slides on Thursday as worries about the […]
Microsoft said Wednesday that company veteran Amy Coleman will become its new executive vice president and chief people officer, succeeding Kathleen Hogan, who has held the position for the past decade. Hogan will remain an executive vice president but move to a newly established Office of Strategy and Transformation, which is an expansion of the […]
WASHINGTON – The Federal Reserve in a closely watched decision Wednesday held the line on benchmark interest rates though still indicated that reductions are likely later in the year. Faced with pressing concerns over the impact tariffs will have on a slowing economy, the rate-setting Federal Open Market Committee kept its key borrowing rate targeted […]
Asia-Pacific markets traded mixed on Wednesday, following declines on Wall Street after a sell-off in technology stocks picked up pace. Japanese markets were in focus for investors. The Bank of Japan held interest rates steady at 0.5%, in line with expectations, as the central bank weighed the potential impact of U.S. President Donald Trump’s tariffs. […]
Tesla (TSLA) was under pressure again on Tuesday, closing down over 5% as a slew of competitors in China announced updates that again signaled competition on the mainland ramping up for the EV giant. Tuesday’s loss follows a 5% drop for Tesla stock to start the week, and shares are now down over 53% from […]
Forever 21’s U.S. operating company filed for Chapter 11 bankruptcy on Sunday, marking the second time in six years. F21 OpCo made the move after the retailer, once known for affordable, on-trend fashions among teenagers and younger adults, was unable to find a buyer for its roughly 350 U.S. stores. With most stores inside malls, […]
PepsiCo (PEP.O), opens new tab said on Monday it would buy prebiotic soda brand Poppi for $1.95 billion, expanding into the “healthier soda” category at a time when the company is battling falling demand for its traditional beverages and snacks. Shares of PepsiCo were up 1.6% in early trading. Young Americans are increasingly turning to […]
Treasury Secretary Scott Bessent said Sunday the Trump administration is focused on preventing a financial crisis that could be the result of massive government spending over the past few years. “What I could guarantee is we would have had a financial crisis. I’ve studied it, I’ve taught it, and if we had kept up at […]
Egg prices dropped once again this month as bird flu outbreaks eased and demand fell, with consumers unwilling to shell out for the inflated prices, according to the U.S. Department of Agriculture. Wholesale prices for a dozen eggs now average $4.15, down $2.70 from the week before, the USDA’s Egg Markets Overview from Friday found. […]
