The automotive aftermarket parts provider Advance Auto Parts announced on Thursday that it will close more than 500 stores by mid-2025, while also cutting jobs in an effort to save money.
Read More Advance Auto Parts To Shut Down At Least 500 Stores, Reducing Workforce As ‘Car Repairs Decline’
The number of Americans filing new applications for unemployment benefits fell more than expected last week, somewhat easing fears of an unraveling labor market.
Read More Jobless Claims Decrease More Than Estimated To Calm Recession Fears For Now
Big U.S. lenders are expected to show they have ample capital to weather any renewed turmoil during this week’s Federal Reserve health checks.
Read More Big US banks expected to be cautious on shareholder payouts
Those in the market for a new ride are rejecting over-priced and over-hyped electric vehicle
Read More Consumer Demand For Electric Vehicles Drop
Shares of Tesla fell nearly 6% after a report said German software firm SAP will no longer procure their electric cars.
Read More Tesla falls after report of SAP snub, Piper Sandler price target cut