An interest rate cut is coming. Here’s what to do with your money beforehand.
The Federal Reserve is gearing up to cut interest rates as soon as next month, which could bring relief to people with mortgages, credit cards and car loans. But it…
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Stellantis laying off 2,450 plant workers due to discontinuation of Ram ‘Classic’ pickup truck
DETROIT — Automaker Stellantis plans to indefinitely lay off up to 2,450 U.S. factory workers later this year as it discontinues production of an older version of its Ram 1500 pickup truck…
Delta says chaos after CrowdStrike outage cost it $550 million
Delta Air Lines on Thursday said last month’s CrowdStrike outage and subsequent mass flight cancellations cost it some $550 million and reiterated that it is pursuing legal claims against the company as well as Microsoft. The…
Three Disney films could top $1 billion this year after box office rut
After years of starts and stops at the box office, Disney appears to have hit a groove in 2024. Its latest Pixar film, “Inside Out 2,” is now the highest-grossing animated film of all…
Amazon’s $4 billion investment in AI firm Anthropic faces U.K. merger investigation
LONDON — E-commerce giant Amazon’s multibillion-dollar investment in the U.S. artificial intelligence firm Anthropic is formally being investigated by a U.K. competition regulator. The Competition and Markets Authority said Thursday that it has…
Boeing’s new outsider CEO Ortberg takes the helm, this time from the factory floor
Aerospace veteran Robert “Kelly” Ortberg becomes Boeing’s new CEO on Thursday with a singular mission: restoring the reputation of a U.S. manufacturing icon. That enormous goal will involve thousands of daily decisions that…
‘People are stretched’: Average consumer now carries $6,329 in credit card debt
Credit card debt is on the rise. Americans now owe a record $1.14 trillion on their credit cards, the Federal Reserve Bank of New York reported Tuesday. The average balance per consumer stands at…
Costco cracks down on sharing membership cards
The days of sneaking into Costco with someone else’s card are coming to an end. The retailer is cracking down on sharing membership cards with a new policy in which…
Costco cracks down on membership card sharing
The days of sneaking into Costco with someone else’s card are coming to an end. The retailer is cracking down on membership card sharing with a new policy where all…
NTSB grills Boeing execs on safety culture and retaliation allegations
Members of the main U.S. transportation regulator grilled Boeing executives Wednesday over the company’s workplace safety culture and allegations of retaliation linked to two employees who were sidelined over a…