The IRA includes incentives for EV buyers as well as support for carmakers and suppliers to produce all-electric vehicles and their components in North America.
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Target, McDonald’s and others are offering value as they lose ground with bargain hunters
Target’s weak results show the fierce battle between retailers that are trying to outmatch each other on deals.
Continue readingPfizer aims to save $1.5 billion by 2027 in first wave of new cost cuts
Pfizer is also carrying out another $4 billion cost-cutting effort, which it announced last year as demand for its Covid vaccine and drug Paxlovid slumped.
Continue readingFintech nightmare: ‘I have nearly $38,000 tied up’ after Synapse bankruptcy
Synapse is as a middle-man between customer-facing fintech brands and FDIC-backed banks, but it’s had disagreements about how much in customer balances it owed.
Continue readingGM all-electric Chevy Equinox goes on sale as the latest test for EV production and demand
Affordable entry-level EV pricing has long been a goal for GM, Tesla and others as Chinese rivals like BYD and Nio grow their sales beyond […]
Continue readingHome sales slipped unexpectedly in April, despite big gains in supply
Inventory in April rose 9% month to month and was up 16% from the year before, but still just a 3.5-month supply at the current […]
Continue readingIt’s not your imagination. Pickleball courts are everywhere
Pickleball courts have become big business as franchises, country clubs and fitness clubs build and convert space.
Continue readingCFPB says buy now, pay later firms must comply with U.S. credit card laws
The buy now, pay later market is dominated by fintech firms like Affirm, Klarna and PayPal.
Continue readingTarget will report earnings before the bell. Here’s what to expect
Big-box retailer Target reports earnings days after it said it would lower prices on thousands of groceries and everyday items.
Continue readingMcDonald’s franchisee group says $5 value meal can’t last without company investment
The $5 value meal will hit menu boards beginning June 25 and will last roughly a month.
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