Tesla's stock took a hit, dropping 6% in early trading after the company reported another quarter of falling car sales. This is the second quarter in a row that Tesla's automotive revenue has decreased, this time by 16% compared to the same period last year, landing at $16. 7 billion. Elon Musk, Tesla's CEO, warned investors that things might not get better anytime s...
A recent discussion has sparked interest in a potential change to capital gains taxes on home sales. The idea, floated by a prominent political figure, suggests eliminating these taxes entirely. This has led some to speculate about the implications for homeowners. Currently, capital gains taxes apply when a home is sold for more than it was purchased, after accounti...
In June, Americans kept their spending habits going strong, even as prices started to climb due to new tariffs. The Commerce Department shared that retail sales grew by 0. 6% from May, bouncing back from a big drop in May. Experts expected a much smaller increase, so this was a pleasant surprise. Car dealerships saw a big boost, with sales jumping by 1. 2%. Restaura...
Susan Collins, who leads the Federal Reserve Bank of Boston, thinks the economy is strong enough to handle tariffs without needing quick action from the Fed. She believes businesses and households are in good shape, which might help soften the blow of higher tariffs. This gives the Fed time to carefully watch how things unfold before making any moves on interest rate...
Nordstrom's Anniversary Sale is in full swing, offering a wide range of deals that go beyond what Prime Day had to offer. This sale is known for its extensive selection, covering everything from clothing to home goods. The sale features top brands and affordable options, making it a great time to update your wardrobe or refresh your home. The menswear section is par...
Prime Day is back, and this time, it's bringing some serious discounts on MacBook Pros. From July 8 to July 11, you can snag these powerful laptops at prices up to $400 off. But before you rush to buy, let's break down what's on offer and whether it's a good deal for you. First things first, MacBook Pros are known for their power and performance. They're a favorite ...
Big changes are happening in the world of cable TV. Disney and Hearst, the owners of A&E, Lifetime, and History, have put these channels up for sale. This isn't the only shake-up happening. Other big companies like NBCUniversal and Warner Bros. Discovery are also selling off some of their TV channels. A&E, Lifetime, and History are well-known names in TV. They have ...
Fast-casual restaurants are in a bit of a pickle. People are spending less, and that means fewer customers walking through the doors. To fight this, many chains are turning to loyalty programs. These programs, which offer discounts and special perks, have become a key tool for keeping customers engaged and coming back for more. Loyalty programs are not just a nice e...
Greggs, the beloved U. K. bakery chain known for its mouthwatering sausage rolls and hot bakes, recently faced a tough spot. The company revealed that its sales took a dip in June due to the scorching heat. Shares dropped by about 15% after this news broke. The heatwave, which was one of the hottest Junes on record, made people less inclined to step out and grab a h...
The US car market is facing tough times. After a quick rise in sales earlier this year, things have slowed down. People are buying fewer cars, and prices are going up. This is happening because of new taxes on imported cars, higher prices, and worries about the economy. Experts say that car sales might stay low for the rest of the year. This is a big change from las...