Fed may be on cusp of emerging from ‘elevated’ inflation blues
WASHINGTON — In September 2021, after absorbing three months of price hikes that were more than double the Federal Reserve’s 2% target, U.S. central bank staff and policymakers shifted from their more passive tone about inflation and began describing it as “elevated.”
Corvette bucked a sports car decline. Can it thrive in an EV era?
Sales of sports cars have been steadily declining for about three decades, but there has been one exception to that trend. The Chevrolet Corvette has recently stormed back to near-record popularity.
Motels are having a moment
In 2022, Lisa Lennox was visiting a friend in Stephenville, Texas, when she stumbled upon the Interstate Inn. The motel, on a highway an hour west of Fort Worth, had seen better days. The building was notorious with local police, and rooms rented for $40 a night. The property needed new plumbing and wiring, and asbestos had to be removed.
Trump Media, gun stocks surge after assassination attempt
Crypto stocks, gun stocks and shares of other companies that could benefit from a Donald Trump presidency jumped on Monday after an assassination attempt on the Republican candidate boosted expectations he would win the November election.
As summer sizzles, US retailers try to move back-to-school shopping to July
NEW YORK — While American children may wish summer vacation would never end, retailers want back-to-school season to start earlier than ever — preferably now — and are timing promotions ahead of Amazon’s Prime Day.
David Ellison’s goal for Paramount: make it a ‘media and technology’ company
To compete in today’s tumultuous entertainment industry, Paramount Global will need to evolve into a “media and technology” company, tech scion and soon-to-be Paramount Chief Executive David Ellison told investors and financial analysts Monday, a day after the company’s board approved a merger deal with his Skydance Media.
It’s fine if investing bores you — Some money pros feel the same way.
For a certain type of money professional, there is a particular question that is decidedly unwelcome, and it tends to come up in a variety of social settings: Got any hot investment tips?
How AI is revolutionizing drug development
MONROVIA, Calif. — The laboratory at Terray Therapeutics is a symphony of miniaturized automation. Robots whir, shuttling tiny tubes of fluids to their stations. Scientists in blue coats, sterile gloves and protective glasses monitor the machines.
Why the stock market has risen even with no Fed rate cuts
The Federal Reserve has disappointed investors this year, but no matter. The markets have adjusted.
In a digital age, high-end outdoors magazines are thriving in print
ORANGE COUNTY, Calif. — In an ordinary industrial building off a busy Orange County street, a Seussian contraption, nearly 100 feet long, clattered to life. The room filled with the hum and squeaks of belts and machinery. There was the smell of hot glue.
China’s lust for durian is creating fortunes in Southeast Asia
RAUB, Malaysia — Before he started a company 15 years ago selling the world’s smelliest fruit, Eric Chan had a well-paying job writing code for satellites and robots. His family and friends were puzzled when he made the career change.
Supreme Court rules for Starbucks, limits power of judges to protect fired union organizers
WASHINGTON — The Supreme Court ruled for Starbucks on Thursday and limited the power of judges and the National Labor Relations Board to protect union organizers.
More consumer data safeguards needed, watchdog tells US Congress
The head of the top U.S. watchdog agency for consumer finance on Wednesday called on lawmakers to adopt greater protections against the collection and use of consumers’ data from payment processing and so-called buy-now-pay-later services.
Hey, Siri! Let’s talk about how Apple is giving you an AI makeover
SAN FRANCISCO — Each June, Apple unveils its newest software features for the iPhone at its futuristic Silicon Valley campus. But at its annual developer conference Monday, the company will shine a spotlight on a feature that isn’t new: Siri, its talking assistant, which has been around for more than a decade.
Plug-in polluters? How Biden’s emissions rules go soft on hybrid trucks, SUVs
When the Biden administration announced new U.S. auto-emissions regulations in March, it made concessions to industry allowing for a much slower electric-vehicle transition than it had proposed a year earlier.
What retail apocalypse? Shopping centers are making a comeback
Shopping center landlords have found themselves in a wholly unfamiliar position: For the first time in 20 years, demand for retail space outstrips supply.
Nvidia overtakes Apple as No. 2 most valuable company
Nvidia’s rallied to record highs on Wednesday, with the artificial intelligence chipmaker’s valuation breaching the $3 trillion mark and overtaking Apple to become the world’s second most valuable company.
GameStop gains as Roaring Kitty reveals bet in Reddit post
GameStop shares jumped 21% on Monday after the stocks influencer known as “Roaring Kitty” returned to Reddit with a post showing a $116 million bet on the embattled videogame retailer.
How Napster created a monster that became bigger than the music industry
Musicians are furious that new tech has gutted their income. Record labels are wary, yet eager to cut deals with ascendant platforms. Fans are delighted to access songs for a pittance, even as they’re screwing over beloved artists.
They spent their life savings on life coaching
To an outsider, Billiejo Mullett is someone who has her head firmly screwed on. She’s smart and educated — a registered nurse who works for a medical insurance provider — and balances her career with a busy family life.
