Articles

Economists expected a recession. They got strong growth instead. Here’s what they didn’t see coming.

Stronger than expected fourth-quarter GDP numbers were “the last nail in the coffin” for economic pessimists.

LVMH leads luxury shares rally following record 2023 results despite market slump

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Wall Street has been absolutely befuddled by the U.S. economy. Here’s how bad it’s been.

Wall Street just has had it wrong on the U.S. economy in 2023 from the beginning to the end, and often in between

How to finance a car when you have bad credit

Your goal is to find the lender that wants to finance your next car by making yourself appear as 'low-risk' as possible. Here are five keys to doing just that.

Here’s a primer on how capital-gains taxes work when you sell your home or other investment

Capital-gains tax is not something to worry about, but to plan for as you prepare to sell an asset. Here are 3 steps to make capital gains an easier process.

Utz voluntarily recalls 88 cases of milk-contaminated potato chips

Utz Brands’ subsidiary issued a voluntary recall of 88 cases of potato chips on Thursday due to an undeclared milk contamination.

Intel is struggling to gain traction in AI chips while Nvidia and AMD roar ahead

Earnings show pockets of strength but leave many more questions.

U.K. consumers feeling brighter as year starts, with inflation trending down

U.K. consumers continue to feel cheerier as 2024 starts, according to a survey released Friday.

Intel’s stock plunge shows that Wall Street still hasn’t learned its lesson on AI hype

Intel Corp.’s disappointing forecast for the first quarter includes another anticipated double-digit decline in the company’s data-center business, as the chip maker has yet to capitalize on its AI opportunity.

Norfolk Southern to reduce non-union workforce by 7%

Freight railroad Norfolk Southern said in a staff memo Thursday that it is laying off 7% of its non-union workforce amid a tough freight cycle.

KLA shares drop following second-quarter profit miss

Shares of KLA declined 6% in after-hours trading Thursday after the company posted a profit miss in its fiscal second quarter amid weaker demand levels.

GM’s Cruise discloses Justice Department, SEC probes into crash that injured pedestrian

Autonomous-vehicle company Cruise confirmed Thursday that the U.S. Justice Department and the Securities and Exchange Commission are among agencies that have opened investigations into an October crash that critically injured a pedestrian in San Francisco.
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