business news
Signals from Costco on inflation are keeping us from overreacting to hotter producer prices
Wholesale prices in November may have been slightly hotter than expected, but next week’s look at consumer prices is the one that may solidify the Federal Reserve’s upcoming interest rate decision. Ultimately, we think the November consumer price index (CPI) holds more weight with the market and the Fed than Friday’s wholesale figures, known officially […]
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Stellantis to indefinitely idle Jeep plant, lay off workers to cut costs for EVs
2016 Jeep Cherokee Sport Source: Jeep DETROIT – Stellantis said Friday that it plans to indefinitely idle a Jeep plant in Illinois, starting early next year, to cut costs as it invests in electric vehicles. The transatlantic automaker, formerly known as Fiat Chrysler, said the plant will cease production as of Feb. 28. The more […]
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Walmart-backed fintech startup plans to launch its own buy now, pay later loans
A Walmart-backed startup is looking to compete with buy now, pay later companies. The venture, called One, is gearing up to launch its own version of the payment service as soon as next year, according to a source familiar with the matter. One, which is majority-owned by Walmart, wants to launch a service that shoppers […]
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Covid and flu hospitalizations are increasing as holidays approach, while RSV is retreating in some states
Healthcare workers treat a Covid-19 patient on the Intensive Care Unit (ICU) floor at Hartford Hospital in Hartford, Connecticut, U.S., on Monday, Jan. 31, 2022. Allison Dinner | Bloomberg | Getty Images Covid and flu hospitalizations are increasing after the Thanksgiving holiday, while respiratory syncytial virus appears to be retreating in some states. Hospitals this […]
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Disney+ stands to gain from new ad tier, but Iger’s streaming strategy still a question mark
Walt Disney ‘s (DIS) newly launched ad-based subscription tier for Disney+ subscribers should bolster the streaming platform’s competitive edge, particularly given the positive response from investors and users to Netflix ‘s (NFLX) ad-supported plan released last month. Disney started offering the new service on Thursday , with more than 100 advertisers on board to help […]
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Crypto.com CEO asks investors to overlook red flags from his business past
Kris Marszalek, CEO of Crypto.com, speaking at a 2018 Bloomberg event in Hong Kong, China. Paul Yeung | Bloomberg | Getty Images Kris Marszalek wants everyone to know that his company, Crypto.com, is safe and in good hands. His TV appearances and tweets make that clear. It’s an understandable approach. The crypto markets have been […]
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Getaround stock crashes right after carsharing company goes general public in SPAC deal
Paul Chinn | San Francisco Chronicle | Getty Photos Carsharing firm Getaround made its community marketplace debut Friday by a merger with blank-check firm InterPrivate II Acquisition Corp. The firm observed its share worth drop far more than 65%, reflecting the chilly ecosystem for equally SPACs and ridesharing businesses. Getaround, which designed the really first […]
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These are the best 10 metro areas for first-time home buyers — and how to make it more affordable no matter where you’re buying
The Central Business District of Pittsburgh J. Altdorfer Photography | Getty Images After bidding wars during the pandemic, demand for home purchases has fallen amid higher mortgage interest rates. That dynamic has made some markets are more attractive for first-time home buyers for 2023, according to a Zillow report released this week. The real estate […]
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CBS-owned stations added to free, rapidly growing local news streaming service VUit
The streaming platform VUit is bulking up with newscasts from Paramount Global‘s owned and operated local CBS TV stations as the fledgling service looks to take a bigger foothold in the sprawling U.S. local news market. The streaming newscasts from CBS’s 13 owned and operated stations, two of which are in the major markets New […]
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Trump lawyers head to D.C. federal court docket ahead of shut hearing on DOJ contempt ask for
Former U.S. President Donald Trump speaks at a rally to support Republican candidates ahead of midterm elections, in Dayton, Ohio, November 7, 2022. Gaelen Morse | Reuters Legal professionals for previous President Donald Trump gathered Friday at the federal courthouse in Washington, D.C., prior to a shut listening to anticipated to offer with a request […]
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