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Retail sales rise a meager 0.1% in May from April as still high inflation curbs spending
WPRI Providence· 6 days agoNEW YORK (AP) — Consumers barely increased spending in May from April as still high prices on...
Nvidia’s Rapid Rise Ridicules Stock Diversification. Why It Still Makes Plenty of Sense, and 4 Other...
Barrons.com· 19 minutes agoUBS analyst Jay Sole said expectations are low, citing weak sales trends in stores and online,...
Retail Sales Slump Keeps Fed Rate Cut In Play
Investor's Business Daily· 6 days agoSoft May sales and a downwardly revised April help the case for rate cuts.
Cyberattack cripples U.S. auto dealerships' operations
UPI· 2 days agoThousands of car dealers in the United States are struggling to handle virtually all areas of their...
Li Auto Stock (NASDAQ:LI): What Has Gone Wrong?
TipRanks via Yahoo Finance· 3 days agoA few years ago, Li Auto (NASDAQ:LI) stock was trading at over 200x forward earnings, reflecting high hopes for the Beijing-based company as China’s main...
CarMax (KMX) Q1 Earnings Miss Estimates, Revenues Fall Y/Y
Zacks via Yahoo Finance· 3 days agoThe bottom line also declined from $1.16 per share recorded in the year-ago period. The auto...
California lawmakers back cuts for nearly $300 billion budget
UPI· 13 hours agoCalifornia Gov. Gavin Newsom speaks during the Asia-Pacific Economic Cooperation Economic Leaders...
Half of nation's auto dealers 'affected dramatically' by cyberattack
Detroit Free Press via Yahoo Finance· 3 days ago“All five of our dealerships have been affected dramatically,” said Szott, who was the 2023 chairman...
Why automakers are backtracking on their ambitious EV game plans
Autoblog via Yahoo News· 5 days agoPerhaps the old adage, “if you can’t beat them, join them,” might be how automakers like GM, Ford,...
Southwest Gulf on alert for new tropical development
UPI· 15 hours agoAs a new disturbance continues to roll across the southwestern Gulf of Mexico into Sunday night, conditions will be favorable to spawn a tropical...