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Browsing: Business

Business

Sticker shock pushes shoppers out of new-car market as affordability crisis deepens

A growing number of consumers are shying away from the new car market as prices increasingly become out of reach. But used cars aren't offering much r...

Business

Michael and Susan Dell donate $6.25B to fund 'Trump accounts'

Michael Dell, founder and CEO of Dell Technologies, and his wife, Susan, have pledged $6.25 billion to support a new federal savings program created f...

Business

Some Social Security recipients to receive 2 monthly benefit checks in December

Some recipients of Social Security benefits will receive two checks in the month of December, as a calendar quirk will move the payment timeline for a...

Business

OpenAI’s Sam Altman issues ‘code red’ to bolster ChatGPT’s quality, delays other products: report

OpenAI CEO Sam Altman declared a "code red" effort within his company to improve the quality of ChatGPT, The Wall Street Journal reported, citing an i...

Business

Costco files federal lawsuit challenging Trump's emergency tariff orders on imported goods

Costco Wholesale Corporation is suing the federal government to block President Donald Trump’s emergency tariffs and recover the funds the retailer sa...

Business

Texas AG probes Chinese retailer's labor practices, product safety

Texas Attorney General Ken Paxton on Monday announced an investigation into Shein and whether the fast-fashion retailer violated state laws related to...

Business

Elon Musk’s Tesla faces fresh criticism from ‘Big Short’ investor Michael Burry

Elon Musk’s Tesla took a hit from "Big Short" investor Michael Burry, who claimed the electric vehicle maker is "ridiculously overvalued" just days af...

Business

Newell Brands to close Yankee Candle stores, cut jobs

Newell Brands will close 20 Yankee Candle stores across North America beginning in January as part of a plan to streamline the brand’s retail footprin...

Business

Eli Lilly cuts Zepbound prices in competitive weight loss drug market battle

Eli Lilly on Monday announced new price cuts for its popular weight loss drug Zepbound, broadening access for patients and driving greater use of the...

Business

Musk says AI and robotics are 'only' things that can solve massive US debt crisis

Elon Musk said in a new interview that he thinks robotics powered by artificial intelligence (AI) driving productivity gains and output are the only w...

Business

Goldman Sachs to buy ETF sponsor Innovator in $2B cash-and-stock deal

Goldman Sachs said on Monday it will buy active exchange-traded fund sponsor Innovator Capital Management in a cash-and-stock deal worth about $2 bill...

Business

Trump economic advisor Kevin Hassett touts ‘best Black Friday that we've ever seen’ as holiday spending surges

There is no war on Christmas this year, according to one of President Donald Trump’s senior economic advisors, who touted strong consumer spending dur...