U.S. ► - Page 8

Both Hasbro and Mattel are anticipating challenges in the upcoming critical fourth quarter as consumer spending slows due to inflation, potentially impacting their signature toys and games. (Photo: Reuters)

3 min read

Investing & Markets U.S.

Toy giants brace for a challenging holiday season

Post Date 10/26/2023

Shares of toy-making giants Hasbro and Mattel took a nosedive on Thursday as both companies indicated that sales might slow down in the critical fourth [more…]

Oct. 24, 2023 - General Motors is revising its self-imposed electric vehicle production target for the middle of next year due to a decline in consumer demand. (Photo: GM)

4 min read

Investing & Markets U.S.

General Motors shifts electric vehicle production goals amid consumer demand softening

Post Date 10/24/2023

General Motors (GM), once at the forefront of the electric vehicle (EV) industry, has made a surprising announcement: it is abandoning its self-imposed target for [more…]

Crypto set for a strong week as Bitcoin approaches $30,000 driven by ETF enthusiasm and safe-haven appeal. (Photo: Galicia)

2 min read

Investing & Markets U.S.

Crypto on track for weekly win as Bitcoin nears $30,000 amid ETF hopes

Post Date 10/20/2023

Bitcoin extended its weekly gains, briefly surpassing $30,000 as optimism about the approval of a spot Bitcoin ETF grew, alongside concerns both in the U.S. [more…]

(Oct. 19, 2023) On Thursday, American Airlines reported a third-quarter deficit and reduced its annual profit projection. (Photo: Jenny Kane | AP)

2 min read

Investing & Markets U.S.

American Airlines reports Q3 loss and adjusts downward 2023 profit projection

Post Date 10/19/2023

American Airlines reported a third-quarter loss and adjusted its 2023 profit outlook due to the impact of rising fuel prices. The airline now anticipates earning [more…]

Retail sales rose 0.7% on September, well above the 0.3% Dow Jones estimate, according to the advance report the Commerce Department released Tuesday. (Photo: Verifone)

2 min read

Investing & Markets U.S.

Retail Sales in September surged 0.7%, exceeding estimates by a wide margin

Post Date 10/17/2023

Despite concerns about high interest rates and a weakening economy, consumers displayed remarkable resilience in September, propelling retail sales well above expectations. According to the [more…]

Oct. 11, 2023 - Wholesale inflation rose 0.5% in September. (Photo: Getty Images)

2 min read

Investing & Markets U.S.

September saw a greater-than-anticipated increase in wholesale inflation, with a rise of 0.5%

Post Date 10/11/2023

In September, the producer price index (PPI) in the U.S. exceeded expectations, rising by 0.5%, indicating continued inflationary pressures. This increase was primarily driven by [more…]

Gold’s historical role as a safe haven re-emphasized amid escalating Israel-Hamas conflict, driving a potential shift in its price trajectory. (Photo: Schroders)

2 min read

Investing & Markets U.S.

Escalation in Israel fuels demand for gold and safe haven assets

Post Date 10/08/2023

The escalating violence in Israel is expected to drive investors towards safe haven assets as they monitor Middle East developments for potential market-related geopolitical risks. [more…]

Constellation Brands Raises Profit Estimate on Strong Modelo Sales. (Photo: Brewbound)

2 min read

Investing & Markets U.S.

Constellation Brands surpasses expectations with strong Q2 performance

Post Date 10/05/2023

Constellation Brands, the owner of popular beer brands Modelo Especial and Corona Extra, exceeded analysts’ predictions in its fiscal second quarter of 2024. The company [more…]

GameStop stock surges as Ryan Cohen becomes CEO. (Photo: Stock File)

2 min read

Investing & Markets U.S.

Ryan Cohen assumed the roles of CEO, president, and chairman of GameStop, and will not be receiving any compensation for his duties

Post Date 09/28/2023

Ryan Cohen, the billionaire who holds the largest stake in GameStop, is assuming the roles of CEO, president, and chairman of the video game retailer. [more…]

UPS to hire 100,000 holiday workers with pay increase. (Photo: UPS)

2 min read

Investing & Markets U.S.

UPS plans to employ an additional 100,000 seasonal workers while providing Teamsters with an increase in pay

Post Date 09/26/2023

UPS has announced its plan to hire over 100,000 seasonal workers for the upcoming holiday shipping rush, and this year, these workers will receive higher [more…]