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As Tesla layoffs continue, here are 600 jobs the company cut in California

May 18, 2024

As part of Tesla’s massive restructuring, the electric-vehicle maker notified the California Employment Development Department this week that it’s cutting approximately 600 more employees at its manufacturing facilities and engineering offices between…

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UAW loses Alabama union vote seen as bellwether for organizing autoworkers in the South

May 18, 2024

Workers at two Mercedes-Benz factories in Alabama have voted against joining the United Auto Workers, the largest autoworkers union in the U.S., a blow to an effort to strengthen the…

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Here’s what has driven the Dow rally to 40,000, and why it could keep going

May 18, 2024

Passing major milestones such as the 40,000 barrier the Dow Jones Industrial Average eclipsed this week makes for a nice headline, but market experts do not take much else from…

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Wayfair to open its first large store, as physical locations make a comeback

May 18, 2024

What retail apocalypse? Online home goods retailer Wayfair is opening its first namesake store, near Chicago, following a string of other digitally native companies that have turned to brick-and-mortar for growth. In…

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The Mirage casino, which ushered in an era of Las Vegas Strip megaresorts in the ’90s, is closing

May 18, 2024

LAS VEGAS — The iconic Mirage hotel-casino on the Las Vegas Strip will shut its doors this summer, the end of an era for a property credited with helping transform…

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Under Armour is laying off workers as retailer says North America sales will plunge this year

May 17, 2024

Under Armour announced a broad restructuring plan on Thursday as it said sales in its largest market, North America, plunged 10% and predicted the trend will get worse throughout its current…

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Rent up, groceries down: Inflation cooled slightly in April, but consumers still face a mixed bag

May 17, 2024

The consumer price index, the most-watched inflation measurement put out by the U.S. government, declined slightly to 3.4% on a 12-month basis in April as price growth in the economy…

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Tesla’s Chinese rival Nio launches a new brand and car that undercuts the Model Y by $4,000

May 17, 2024

Chinese electric car company Nio revealed Wednesday that the first car for its new, lower-priced brand, Onvo, will be about $4,000 cheaper than Tesla’s comparable Model Y. Deliveries for Onvo’s first car, the L60…

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McDonald’s $5 value meal is coming in June — and staying for just a month

May 17, 2024

McDonald’s is set to offer a $5 value meal in the U.S., but only for a limited time. The promotion will include four items for $5 — a McChicken or McDouble,…

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Netflix ad-supported tier has 40 million monthly users, nearly double previous count

May 17, 2024

Netflix’s cheaper, ad-supported tier has amassed 40 million global monthly active users, the company said Wednesday. That’s nearly double the 23 million figure the streaming giant shared in January. Separately,…

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