Breaking News: Business Archives | Page 28 Of 141

Lower mortgage rates push home sales up in September, but prices still stubbornly high

An ‘Open House’ sign is posted near a single family home for sale on Aug. 22, 2025 in Pasadena, California. Mario Tama | Getty Images Sales of previously owned homes rose 1.5% in September from August to a seasonally adjusted, annualized rate of 4.06 million units, according to the National Association of Realtors. That is […]

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Rivian plans to lay off more than 600 workers

Business News

A Rivian R1S electric vehicle (EV) at a dealership and service center in San Francisco, California, US, on Tuesday, June 3, 2025. David Paul Morris | Bloomberg | Getty Images DETROIT – Rivian Automotive reportedly plans to lay off more than 600 people as the all-electric vehicle maker faces growing market challenges. The Wall Street

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American Airlines profit forecast for the rest of the year tops estimates

Business News

American Airlines posted a smaller-than-expected loss for the third quarter, and its outlook for the rest of the year came in ahead of Wall Street forecasts, sending the stock higher. American expects to Earn between 45 cents and 75 cents per share in the fourth quarter, above the 31 per share cents analysts expected. That

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American hires industry veteran to lead commercial team as profits trail rivals

Business News

An American Airlines plane lands at the Miami International Airport on July 24, 2025 in Miami, Florida. Joe Raedle | Getty Images American Airlines has hired nearly three-decade industry veteran Nat Pieper to be its new commercial chief as the carrier’s profits trail rivals Delta and United. American ousted its former chief commercial officer, Vasu

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Single-family rent growth just hit the lowest level in 15 years, new report finds

Business News

A “for rent” sign is posted in front of a home on Dec. 12, 2023 in Miami, Florida. Joe Raedle | Getty Images Rents for single-family residential homes rose just 1.4% in August compared with the year before, according to analytics and data firm Cotality, down from a 2.3% annual gain in July. That’s also

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As many retailers shrink their footprints, Dick’s Sporting Goods goes big

Business News

As many retailers look for ways to shrink store counts and square footage, Dick’s Sporting Goods is going bigger. The retailer is building more sprawling “House of Sport” stores, which typically come in at 120,000 to 150,000 square feet, more than double the 50,000 for its traditional locations. The sporting goods company believes it’s working.

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Southwest beats earnings estimates, forecasts record revenue for current quarter

Business News

A Southwest Airlines jet approaches Midway Airport on Dec. 15, 2023, in Chicago. (John J. Kim/Chicago Tribune/Tribune News Service via Getty Images) John J. Kim | Chicago Tribune | Getty Images Southwest Airlines on Wednesday posted a surprise profit for the third quarter and said it expects to generate record sales in the last three

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NHL strikes first-ever deal with prediction markets Kalshi and Polymarket

Business News

The National Hockey League said Wednesday it’s reached a multi-year licensing agreement with prediction markets Kalshi and Polymarket. More sports leagues may be coming soon. Tarek Mansour, Kalsh’si co-founder and CEO, told CNBC’s “Squawk Box” the deal marked a “seminal moment” for prediction markets and the company. “A league like the NHL partnering with us

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Walmart pauses H-1B visas for job candidates as Trump hikes fees

Business News

A Walmart store is shown in Oceanside, California, on May 15, 2025. Mike Blake | Reuters Walmart is pausing the hiring of job candidates who need H-1B visas to work in the U.S., according to a person familiar with the decision, an example of the ways the Trump administration’s immigration policies are shaping corporate strategy.

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GM plans to launch eyes-off driving, Google AI and other new in-vehicle tech by 2028

Business News

Mary Barra speaks onstage during WSJ’s Future of Everything 2025 at The Glasshouse on May 28, 2025 in New York City. Dia Dipasupil | Getty Images NEW YORK — General Motors is targeting a suite of new software initiatives for its vehicles over the next three years, including an in-vehicle artificial intelligence assistant from Google

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Lower mortgage rates push home sales up in September, but prices still stubbornly high

Rivian plans to lay off more than 600 workers

American Airlines profit forecast for the rest of the year tops estimates

American hires industry veteran to lead commercial team as profits trail rivals

Single-family rent growth just hit the lowest level in 15 years, new report finds

As many retailers shrink their footprints, Dick’s Sporting Goods goes big

Southwest beats earnings estimates, forecasts record revenue for current quarter

NHL strikes first-ever deal with prediction markets Kalshi and Polymarket

Walmart pauses H-1B visas for job candidates as Trump hikes fees

GM plans to launch eyes-off driving, Google AI and other new in-vehicle tech by 2028

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