United Auto Workers Prepare for Potential Strike – Contract Dispute
United Auto Workers (UAW) President Shawn Fain announced on Wednesday, with just over 24 hours remaining before the strike deadline, that the companies’ offers are
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Arm Holdings Achieves $54.5 Billion Valuation in US IPO
Chip designer Arm Holdings garnered a valuation of $54.5 billion in its highly anticipated initial public offering (IPO) on Wednesday. This move comes seven years
Hot Retail Sales and Inflation Data Ignite Wall Street Rally
Wall Street saw a surge in stocks at the opening bell on Thursday, driven by robust retail sales and wholesale price inflation data that exceeded
Mixed Performance on Wall Street Amidst Inflation Data
Wall Street saw a mixed performance on Wednesday as investors grappled with significant consumer inflation data that is expected to play a pivotal role in
Senator Warren Calls for Stricter Oversight of US Banks
Senator Elizabeth Warren (D, Mass.) issued a fervent call on Wednesday for regulators to take a tougher stance on US banks, urging them to curtail
Lowe’s DIY Customers Trend: Experiences Trump Projects
Lowe’s (LOW) do-it-yourself (DIY) customers are changing their spending habits, favoring experiences over home improvement projects, according to statements from the company’s CEO, Marvin Ellison.
August Prices: Federal Reserve Stays the Course
Despite a slight surge in consumer prices in August, the Federal Reserve is unlikely to alter its course, according to several economists. This comes as
Charter and Disney Set New Media Standard in Agreement
In a landmark deal reached this week, Charter (CHTR) and Disney (DIS) have paved the way for a transformational shift in the media landscape. The
Goldman Sachs Conference Addresses 2023 Consumer Outlook
Nearly twenty leading retailers expressed a shared sentiment at the 30th annual Global Retailing Conference hosted by Goldman Sachs on Tuesday: The American consumer has
Housing Costs Inch Lower in August, Inflation Persists
The latest Consumer Price Index (CPI) data released by the Bureau of Labor Statistics on Wednesday indicates a marginal easing in the growth of housing
