Is a recession brewing in row 33? Airline CEOs this month warned Wall Street that passengers’ appetite for domestic trips is coming in lighter than they had hoped when they set forecasts high at the start of 2025. On a series of earnings calls, they said the reasons range from President Donald Trump’s whipsawing tariff […]
Plane tickets are getting cheaper as domestic travel demand weakens Read More »
People shop for produce at a Walmart in Rosemead, California, on April 11, 2025. Frederic J. Brown | Afp | Getty Images A growing number of Americans are using buy now, pay later loans to buy groceries, and more people are paying those bills late, according to new Lending Tree data released Friday. The figures
Flags with the logos of Danish drugmaker Novo Nordisk, maker of the blockbuster diabetes and weight-loss treatments Ozempic and Wegovy are pictures while the company presents the annual report at Novo Nordisk in Bagsvaerd, Denmark, on February 5, 2025. Mads Claus Rasmussen | Afp | Getty Images Novo Nordisk scored a huge legal victory that
Waymo self-driving cars with roof-mounted sensor arrays traveling near palm trees and modern buildings along the Embarcadero, San Francisco, California, February 21, 2025. Smith Collection/gado | Archive Photos | Getty Images New rules for testing and deployment of self-driving vehicles are on the way in the state of California. The California DMV announced on Friday
California is overhauling its self-driving vehicle regulations Read More »
A Cessna Citation jet aircraft is viewed at Charles M. Schulz Sonoma County Airport in this aerial photo taken on June 1, 2021, near Healdsburg, California. George Rose | Getty Images With consumer confidence tumbling, demand for commercial air travel has waned. Even deep-pocketed travelers are pulling back, according to Barclays’ latest survey of business
Private jet demand declines as tariffs spook would-be buyers Read More »
A Chipotle store stands in the Bronx on April 23, 2025 in New York City. Spencer Platt | Getty Images From Procter & Gamble to Chipotle, consumer companies are slashing their forecasts, projecting that tariffs will weigh on their profits and put more pressure on an already shaky consumer. At least a dozen companies have
Hasbro board games are seen for sale at a Target store in Austin, Texas, on Dec. 12, 2023. Brandon Bell | Getty Images If President Donald Trump’s 145% levy against imports from China holds, Hasbro estimates it could see as much as a $300 million hit to its bottom line. The toy maker posted better-than-expected
Hasbro forecasts as much as $300 million impact if China tariffs don’t come down Read More »
A “For Sale” sign stands at a house in Miami, Florida, U.S. April 16, 2025. Marco Bello | Reuters Higher mortgage rates and concern over the broader economy are making for a weak start to the all-important spring housing market. Sales of previously owned homes in March fell 5.9% from February to 4.02 million units
Home sales last month dropped to their slowest March pace since 2009 Read More »
Nurphoto | Nurphoto | Getty Images Merck on Thursday lowered its full-year profit guidance, citing $200 million in estimated costs for tariffs and a charge tied to a recent deal. The company now expects its 2025 adjusted earnings to come in between $8.82 and $8.97, down slightly from a previous outlook of $8.88 to $9.03
Merck lowers profit outlook, partly due to $200 million expected tariff hit Read More »
FILE PHOTO: The Bristol Myers Squibb research and development center at Cambridge Crossing in Cambridge, Massachusetts, on Dec. 27, 2023. Adam Glanzman | Bloomberg | Getty Images Bristol Myers Squibb on Thursday beat first-quarter estimates and hiked its revenue and profit guidance for the year, as the drugmaker cuts costs. The company now expects 2025
