Kamala Harris promises an end to the U.S. housing shortage in her ‘opportunity economy’
Democratic presidential nominee Kamala Harris offered promises about fostering “an opportunity economy” and fixing the housing market while criticizing Donald Trump’s tariff plans, as she gave her acceptance speech on Thursday night to conclude her party’s convention.
Walmart adds Burger King benefit for Walmart+ members
A Burger King Whopper hamburger is displayed in San Anselmo, California, on April 5, 2022. Justin Sullivan | Getty Images Walmart members are in for a whopper of a deal. The retailer on Thursday announced a new partnership with fast-food chain Burger King that will offer members of its Walmart+ subscription program 25% off any […]
Cava Group (CAVA) earnings Q2 2024
Customers arrive at a Cava restaurant in New York City on June 22, 2023. Brendan Mcdermid | Reuters Cava on Thursday raised its full-year outlook as its restaurants reported strong traffic, fueling better-than-expected quarterly earnings and revenue. Shares of the company rose 9% in extended trading. The stock has more than doubled its value this […]
Skydance reportedly accuses Paramount committee of violating merger deal
David Ellison’s Skydance Media is firing back at Paramount Global, accusing a special committee at the media and entertainment giant of violating the merger deal the two companies struck last month after Paramount said it would allow more time for talks with another interested buyer, according to a report on Thursday.
FDA approves Pfizer, Moderna updated KP.2 shots
Pfizer COVID-19 vaccine. Courtesy: Pfizer The Food and Drug Administration on Thursday approved updated Covid vaccines from Pfizer and Moderna, putting the new shots on track to reach most Americans in the coming days amid a summer surge of the virus. The jabs target a strain called KP.2, a descendant of the highly contagious omicron […]
Advance Auto’s stock tumbles 17% after profit shortfall offsets news of $1.5 billion asset sale
Advance Auto Parts’ stock was down 17% Thursday afternoon after the company posted second-quarter results that lagged estimates
July home sales break 4-month losing streak as supply rises nearly 20%
Closed sales of previously owned homes rose 1.3% in July compared with June to a seasonally adjusted, annualized rate of 3.95 million units, according to the National Association of Realtors. That was the first gain in five months. Sales were 2.5% lower compared with the same time last year. Sales saw the biggest gains in the […]
Ford delays new EV plant, cancels electric three-row SUV
DETROIT – Ford Motor is delaying production of a next-generation all-electric pickup truck at a new plant in Tennessee and canceling plans for a three-row electric SUV, the company said Wednesday. Instead, Ford said it will prioritize the development of hybrid models, as well as electric commercial vehicles such as a new electric commercial van […]
Why is the U.S. Treasury blocking the Fed’s effort to fight inflation?
U.S. Treasury’s debt issuance has effectively offset all of the Fed’s 2023 interest-rate hikes.
Target CEO Brian Cornell weighs in on price gouging
There’s no room for price gouging in an ultracompetitive business like retail, Target CEO Brian Cornell said Wednesday. In an interview on CNBC’s “Squawk Box,” the retail chief disputed campaign talking points accusing grocers of inflating prices. He said retailers have to be responsive to customers or risk losing business. He was asked by CNBC’s […]
