Want to buy a new car? You should probably be making $100,000 a year.
The United Auto Workers’ strike to eliminate a tiered wage system and restore pensions could lead to higher car prices, but for many U.S. households, buying a new vehicle is already a luxury they can’t afford. And soaring sticker prices are only partly to blame. The average price of a new car is $48,451, and […]
Weight loss drugs Wegovy, Ozempic may be linked to stomach paralysis
Still life of Wegovy an injectable prescription weight loss medicine that has helped people with obesity. It should be used with a weight loss plan and physical activity. Michael Siluk | UCG | Getty Images Blockbuster weight loss and diabetes drugs like Wegovy and Ozempic may be associated with an increased risk of three rare, […]
Constellation Brands (STZ) earnings Q2 2024
Constellation Brands on Thursday reported earnings and revenue that topped analysts’ expectations for its fiscal second quarter of 2024. The Mexican beer powerhouse, owner of the Modelo Especial and Corona Extra brands, reported double-digit sales growth in its beer business as the division continues to dominate the overall beer and high-end categories. Meanwhile, sales of wine and […]
Constellation Brands (STZ) earnings Q2 2024
Constellation Brands on Thursday reported earnings and revenue that topped analysts’ expectations for its fiscal second quarter of 2024. The Mexican beer powerhouse, owner of the Modelo Especial and Corona Extra brands, reported double-digit sales growth in its beer business as the division continues to dominate the overall beer and high-end categories. Meanwhile, sales of wine and […]
Citi cuts Tractor Supply, Floor & Decor to neutral on traffic weakness while O’Reilly Automotive gets an upgrade
Citi analyst Steven Zaccone on Thursday cut Tractor Supply Co. and Floor & Decor Holdings to neutral from buy after the bank’s store-traffic monitor signaled lower-than-expected business at the retailers. Despite the pair of downgrades, Zaccone found reason to cheer O’Reilly Automotive Inc. ORLY, which drew an upgrade to buy from neutral because “we think […]
Citi cuts Tractor Supply, Floor & Decor to neutral on traffic weakness while O’Reilly Automotive gets an upgrade
Citi analyst Steven Zaccone on Thursday cut Tractor Supply Co. and Floor & Decor Holdings to neutral from buy after the bank’s store-traffic monitor signaled lower-than-expected business at the retailers. Despite the pair of downgrades, Zaccone found reason to cheer O’Reilly Automotive Inc. ORLY, +0.41%, which drew an upgrade to buy from neutral because “we […]
Dungeons & Dragons grows into whiskey, furniture and candles
Inside the storefront of Cantrip Candles in Hollywood, CA. Sarah Whitten | CNBC It’s not every day that a spilled beer can start a company. But that’s exactly how Christoff Visscher got the idea for Cantrip Candles. An avid Dungeons & Dragons fan, Visscher was hosting a game when a beer got knocked over during […]
Treasury yields stabilize as traders eye Friday’s jobs report
Treasury yields were mildly mixed as the recent bond market volatility abated ahead of crucial jobs data at the end of the week. What’s happening The yield on the 2-year Treasury BX:TMUBMUSD02Y fell by 2.9 basis points to 5.042%. Yields move in the opposite direction to prices. The yield on the 10-year Treasury BX:TMUBMUSD10Y was […]
Disney discounting child tickets at domestic parks
Visitors can avoid lines at Disney World if they buy into the system. Joseph Prezioso | Anadolu Agency | Getty Images It’s about to be cheaper for families to visit Disney’s domestic theme parks. The Walt Disney Company on Wednesday announced new, limited time discounts on children’s tickets at Disneyland and Disney World. Starting Oct. […]
Social Security Administration to review overpayments, may claw back payments
The Social Security Administration said Wednesday it would review its overpayment procedures and policies, and may claw back any overpayments found. During the 2022 fiscal year, the agency recovered $4.7 billion of overpayments, according to a report by the SSA’s Office of the Inspector General. While payment accuracy rates are high, overpayments do happen given […]
