GM can regain market share in China after 20-year low, exec says
GM President Mark Reuss announces a $2.2 billion investment in the automaker’s Detroit-Hamtramck Assembly plant in Michigan for new all-electric trucks and autonomous vehicles on Jan. 27, 2020. Michael Wayland / CNBC DETROIT – General Motors believes it can regain market share in China after hitting a roughly 20-year low last year amid changing market […]
Jobless claims jump to highest level in nine months
Initial jobless claims rose by 22,000 to 231,000 in the week ended May 4, the Labor Department said Thursday. That’s the highest level since last August.
Ten-year Treasury yields back up to 4.5% as rate-cut optimism dims
Bond yields moved higher early Thursday as recent hopes over a summer rate cut were pared somewhat.
BOJ’s policy board becoming more concerned about effects of a weaker yen
The Bank of Japan’s policy board is becoming more concerned about upside risks to its inflation outlook amid the yen’s sharp weakening which leads to higher import prices, according to a summary of opinions from its latest April meeting released Thursday.
Organized theft ring that targeted Macy’s charged in NYC
The Macy’s logo is seen at its store in Herald Square in New York City on Jan. 19, 2024. Michael M. Santiago | Getty Images A New York beauty store just blocks away from the Empire State Building resold more than $1 million worth of goods that’ had been stolen from Macy’s and a slew […]
Disney, Warner Bros. Discovery bundle streaming services
In this photo illustration the Disney+ logo seen displayed on a smartphone screen. SOPA Images | LightRocket | Getty Images The bundle is back. Disney and Warner Bros. Discovery are planning to offer their streaming services — Disney+, Hulu and Max — in a bundle mirroring the traditional cable TV package, the companies said Wednesday. […]
Better news for Social Security and Medicare doesn’t mean their problems have gone away
This just gives Congress more time to procrastinate on this critical issue
Applebee’s owner Dine Brands targets fast food customers
Applebee’s and IHOP owner Dine Brands thinks its deals can lure away fast-food customers who have grown frustrated with menu prices. The company reported first-quarter earnings that fell short of Wall Street’s estimates, and both Applebee’s and IHOP’s same-store sales shrank more than expected. Still, Dine reiterated its full-year outlook and said sales have improved […]
The hot new hangout for retirees: senior centers
Modernized senior centers offer activities and community for a growing population
Movie slate lacks franchise hits
Ryan Gosling stars in Universal’s “The Fall Guy.” Universal For the first time since 2009, the box office doesn’t have a Marvel film to kick off the summer movie season — and it shows. Since the 2008 release of “Iron Man,” Marvel Cinematic Universe films have consistently launched during this highly lucrative moviegoing season, with […]
