Courtesy: ToysRus Toys R Us is plotting a bold comeback in the U.S., as it plans to expand its brick-and-mortar presence with as many as 24 new flagship stores and a separate rollout at airports and on cruise ships starting this holiday season. The toy retailer’s parent company, WHP Global, […]
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Government shutdown fear grows as House prepares to vote on partisan spending plan
WASHINGTON — With fewer than two days left to fund the federal government and avoid a shutdown, House GOP leaders on Friday began debate ahead of a vote on a partisan, short-term spending bill that has no chance of passing in the Senate. Speaker Kevin McCarthy pitched the bill as […]
Stocks making the biggest moves midday: Tesla, Nike, Carnival, Nvidia and more
SpaceX, Twitter and electric car maker Tesla CEO Elon Musk, arrives for a US Senate bipartisan Artificial Intelligence (AI) Insight Forum at the US Capitol in Washington, DC, on September 13, 2023. Andrew Caballero-Reynolds | AFP | Getty Images Check out the companies making headlines in midday trading. Tesla — […]
Shares of biotech startup Structure Therapeutics surge more than 30% on promising obesity pill data
Aykut Karahan | Istock | Getty Images Shares of Structure Therapeutics rose more than 30% on Friday after the biotech startup’s experimental obesity pill succeeded in a small early-stage trial. The once-daily drug helped overweight or obese participants reduce up to 10 pounds of weight on average after four weeks […]
Citigroup CEO Jane Fraser sees ‘cracks’ emerging among some consumers as savings dry up
Lower-end consumers have shifted buying patterns to save money as their bank accounts dwindle in size, according to Citigroup CEO Jane Fraser. The third-largest U.S. bank by assets has been monitoring its credit card customers for signs of distress, Fraser told CNBC’s Sara Eisen on Friday in an interview. “We […]
A big EV purchase decision that’s not about the car model you buy
Tesla electric car in driveway being charged at a home with an EV charger in residential neighborhood, Moscow, Idaho. Ucg | Universal Images Group | Getty Images As all-electric vehicles become more popular and incentives for renewable energy proliferate, many early EV adopters may be reconsidering their home charging needs. […]
Biden administration moves ahead with new plan to cancel student debt
U.S. President Joe Biden delivers remarks at Prince George’s Community College on September 14, 2023 in Largo, Maryland. Kevin Dietsch | Getty Images The Biden administration announced on Friday the next step in its new plan to cancel people’s student debt after the Supreme Court struck down its original policy […]
Americans say caring for aging parents is more important than saving money to hand down to your children
Ashley Ray was in the midst of purchasing her “dream car” when she got a troubling call from her mother. “I haven’t wanted to worry you, but we’re behind on the mortgage and it’s gonna go into foreclosure next week if we don’t pay,” the TV writer and comedian says […]
UAW announces new strikes at GM and Ford plants, spares Stellantis citing ‘momentum’ in talks
Members of the Writers Guild of America West (WGAW) join striking United Auto Workers (UAW) at a rally in front of the Stellantis Mopar facility on September 26, 2023 in Ontario, California. Gina Ferazzi | Los Angeles Times | Getty Images DETROIT – The United Auto Workers union plans to […]
LVMH boss Bernard Arnault under investigation in Paris over Russian oligarch transactions
Bernard Arnault, Chairman and CEO of LVMH Moet Hennessy Louis Vuitton, attends a news conference to present the 2022 annual results of LVMH in Paris, France, January 26, 2023. Gonzalo Fuentes | Reuters The Paris public prosecutor’s office is investigating LVMH CEO Bernard Arnault over financial transactions involving Russian oligarch […]