U.S. business activity fell to a 4-month low in August and firms continued to struggle to pass on higher prices to consumers.
Read More US business activity edges lower; pricing power ebbs further
Category: Business
Target raises 2024 profit forecast as price cuts draw shoppers
Target raised its full-year profit forecast on Wednesday and reported its first increase in quarterly comparable sales in over a year.
Read More Target raises 2024 profit forecast as price cuts draw shoppers
Wall St little unchanged as investors await Fed cues
Markets have been choppy after the S&P 500 and the Nasdaq extended gains to an eighth straight session on Monday.
Read More Wall St little unchanged as investors await Fed cues
BMW recalls over 720,000 vehicles over short circuit concern, NHTSA says
BMW is recalling 720,796 U.S. vehicles over concerns of a short circuit, the National Highway Traffic Safety Administration said.
Read More BMW recalls over 720,000 vehicles over short circuit concern, NHTSA says
Fed is predicted to deliver three quarter-point rate cuts this year: Reuters poll
The U.S. Federal Reserve will cut interest rates by 25 basis points at each of the remaining three meetings of 2024.
Read More Fed is predicted to deliver three quarter-point rate cuts this year: Reuters poll
GM lays off over 1,000 salaried software, services employees
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