GM said Monday it is laying off more than 1,000 salaried employees at its software and service units worldwide.
Read More GM lays off over 1,000 salaried software, services employees
Category: Business
Ford to recall about 85,000 vehicles due to risk of engine fire
Ford is recalling about 85,000 Explorer SUVs equipped with the Police Interceptor Utility package over concerns of an engine fire.
Read More Ford to recall about 85,000 vehicles due to risk of engine fire
Wall St marches ahead as retail sales quell slowdown worries
Wall Street’s main indexes rose about 1% on Thursday as retail sales data for July indicated resilient consumer spending.
Read More Wall St marches ahead as retail sales quell slowdown worries
Stocks hold firm as US inflation data keep rate cut hopes alive
Global stocks held steady and government bond yields retreated a touch on Wednesday after data showed U.S. consumer prices rose moderately in July.
Read More Stocks hold firm as US inflation data keep rate cut hopes alive
Starbucks taps Chipotle’s Niccol as CEO in surprise move, shares soar
Starbucks named Chipotle Mexican Grill head Brian Niccol as its new CEO in a shock move that sent the coffee chain’s shares up over 20%.
Read More Starbucks taps Chipotle’s Niccol as CEO in surprise move, shares soar
US consumers could become discouraged without rate cuts, Bank of America CEO says
If the U.S. Federal Reserve does not start cutting interest rates relatively soon, U.S. consumers could become dispirited.
Read More US consumers could become discouraged without rate cuts, Bank of America CEO says