Stellantis’ proposed wage hikes for UAW members would be higher than those offered by rivals Ford and GM, but those two companies offered other payments.
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Apartment rents are on the verge of declining due to massive new supply
A year ago, rents were posting 11% annual growth. Now they look like they’re about to go negative year over year.
Continue readingKroger will pay up to $1.2 billion to settle most nationwide opioid claims
The settlements would allow for “full resolution” of all opioid claims on behalf of U.S. states, local governments and Native American tribes, Kroger said.
Continue readingUsed vehicle prices may have bottomed for 2023 after August increase
Cox Automotive reported a slight uptick in its Manheim Used Vehicle Value Index from July to August.
Continue readingSlowing inflation is dragging on Kroger sales, even as consumers still feel a pinch
The grocer Kroger said it expects stabilizing and falling prices to hurt its revenue numbers.
Continue readingFAA orders Musk’s SpaceX to take 63 corrective actions on Starship, keeps rocket grounded
The FAA had been probing the April SpaceX launch, which saw Starship explode in mid-flight.
Continue readingHow much are retailers losing to shrink and theft? In many cases, it’s not the main drag on profits
As more and more companies blame shrink and theft for lower profits, some are offering more clues than ever into how much it’s cutting into […]
Continue readingDisney drops all but free speech claim in political retaliation suit against DeSantis
Disney last week had asked to drop its other claims in the federal case because they are being actively pursued in a separate state-level lawsuit […]
Continue readingGoldman Sachs CEO David Solomon sees Wall Street rebound if tech IPOs perform
Capital markets could get a boost from upcoming tech IPOs, such as Arm and Instacart, Solomon told CNBC.
Continue readingWalmart cuts starting pay for new hires who prepare online orders, stock shelves
New Walmart employees who join the digital or stocking teams now make about a dollar-an-hour less than they would have if hired several months ago.
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