A dog looks out the window from a Tesla electric vehicle charging at a Tesla Supercharger location in Santa Monica, California on May 15, 2024. Patrick T. Fallon | AFP | Getty Images Tesla is losing its lead over legacy automakers in the quality of its new all-electric vehicles, according to an annual influential study […]
Tesla loses its EV quality edge as repair problems continue to plague the market Read More »
Mike Mergen | Bloomberg | Getty Images The cost of prescription medications in the U.S. has increased by 37% since 2014, far surpassing the rate of inflation, according to data from drug savings company GoodRx. Though the price increases have slowed this year in comparison with the past decade, the higher costs are raising out-of-pocket
Drug prices have risen almost 40% over the last decade, according to a new tracker Read More »
Nike on Thursday reported its slowest annual sales growth in 14 years, excluding the Covid-19 pandemic, as the sneaker giant warned of “challenges” that led it to cut its current year outlook. “We are driving better balance across our portfolio. While we are encouraged by our progress, our fourth quarter results highlighted challenges that have
Nike warns of guidance cut as it posts slowest annual sales gain in 14 years Read More »
A townhouse for sale in the Upper East Side neighborhood of NYC. Adam Jeffery | CNBC Some of the heat is coming out of home prices, even though they’re still higher than they were a year ago. Several new reports show the price gains are shrinking and home sellers are starting to give in after
Home prices begin to cool as active listings jump 35% Read More »
GUANGZHOU, CHINA – NOVEMBER 17: A GAC Aion Hyper SSR electric sports car is on display during the Auto Guangzhou 2023 at China Import & Export Fair Pazhou Complex on November 17, 2023 in Guangzhou, Guangdong Province of China. (Photo by Chen Yihang/VCG via Getty Images) Vcg | Visual China Group | Getty Images Chinese
Chinese automakers expected to achieve 33% global market share by 2030 Read More »
JPMorgan Chase CEO and Chairman Jamie Dimon gestures as he speaks during the U.S. Senate Banking, Housing and Urban Affairs Committee oversight hearing on Wall Street firms, on Capitol Hill in Washington, D.C. Evelyn Hockstein | Reuters JPMorgan Chase said late Wednesday that the Federal Reserve overestimated a key measure of income in the giant
JPMorgan Chase says its stress test losses should be higher than what the Fed disclosed Read More »
In an aerial view, a customer enters a Walgreens store on January 04, 2024 in San Pablo, California. Justin Sullivan | Getty Images Shares of Walgreens plunged more than 14% on Thursday after the company reported fiscal third-quarter earnings that fell short of expectations and slashed its full-year adjusted profit outlook, citing a “challenging” environment
Sanjay Mehrotra, CEO of Micron Technology Inc., speaks during an interview with CNBC on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., April 26, 2024. Brendan Mcdermid | Reuters Micron shares fell about 5% in extended trading on Wednesday as investors looked past better-than-expected results and focused instead on
Micron shares slide after revenue forecast fails to top estimates Read More »
Denim is having a moment with consumers, but it hasn’t led to a major sales boost at Levi Strauss. The jeans creator on Wednesday posted fiscal second quarter revenue that fell just short of Wall Street’s expectations at a time when shoppers are stocking their wardrobes with denim dresses, skirts and ultra-low-rise baggy pants. Levi’s
Levi’s shares drop 15% as denim maker’s sales disappoint Read More »
Nvidia’s CEO Jensen Huang delivers his keystone speech ahead of Computex 2024 in Taipei on June 2, 2024. Sam Yeh | AFP | Getty Images Nvidia CEO Jensen Huang said on Wednesday that the company’s advantage in artificial intelligence chips was thanks to a bet it made over 10 years ago, centering on billions of
