News
US homebuilder sentiment drops to year-low
According to the National Association of Home Builders/Wells Fargo Housing Market Index, U.S. homebuilder confidence dropped to the lowest level...
Walmart shares fall after consumer spending guidance
Retail giant Walmart’s shares fell on Thursday following the company’s public cautions surrounding consumer spending. Despite beating Wall Street’s earnings...
Mattel taps former Fox exec to run television division
Toymaker Mattel has tapped former Fox and Sont executive Michelle Mendelovitz to head Mattel Television Studios, the company announced Thursday....
Auto workers ratify UAW-GM deal
On Thursday, members of the United Auto Workers labor union voted to ratify the union’s historic deal with U.S. automaking...
Formula 1 wins send Red Bull sales soaring
According to the Red Bull Racing CEO Christian Horner, the continued success of Red Bull’s racing team in Formula 1...
Americans’ retail spending falls for first time in seven months
American consumers pulled back on retail spending for the first time in seven months during October, says new data from...
Target stock jumps after beating Wall Street earnings expectations
U.S. retail giant Target beat Wall Street’s expectations on both sales and earnings during its third financial quarter, the company...
UAW deal with GM back on course for ratification
While a series ‘no’ votes seemingly put the United Auto Workers tentative deal with General Motors in jeopardy, a ‘yes’...
SpaceX to receive clearance for second Starship launch, says Musk
Late Monday, billionaire Elon Musk announced that his space exploration company SpaceX should receive clearance for the second launch attempt...
US mortgage rates continue declining as inflation cools
Following weeks of record U.S. mortgage rates, the average rate on the 30-year mortgage fell to 7.4%. The decline comes...
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