How major US stock indexes fared Thursday, 1/25/2024
U.S. stocks closed higher following signals that the economy is growing more powerfully than economists expected
U.S. stocks closed higher following signals that the economy is growing more powerfully than economists expected
Ford Motor said Friday it would reduce production of its F-150 Lightning pickup truck, as demand for electric vehicles softens. The No. 2 US automaker said it would cut production at its Michigan Rouge Electric Vehicle Center to one shift starting April 1. In October, the automaker said it would temporarily cut one of three shifts…
Procter & Gamble’s price hikes boosted its earnings in the latest quarter, the company reported Tuesday, indicating that inflation-battered consumers haven’t turned away from the company’s higher-priced household items. Aside from price increases largely fueling sales growth, shoppers also bought more products across P&G’s beauty lines and health and family care offerings. P&G said that…
JPMorgan Chase is reshuffling its leadership team, a move that many consider a succession plan even though its longtime chief executive, Jamie Dimon, has signaled he is staying put. Mr. Dimon, 67, has been head of what is now the largest bank in the United States for nearly two decades, and repeatedly brushed off suggestions…
LOS ANGELES — The Los Angeles Times said it planned to lay off at least 115 employees — more than 20% of the newsroom — starting Tuesday, one of the largest staff cuts in the newspaper’s 143-year history. The announcement came after the LA Times Guild walked off the job last Friday to protest the…
Las Vegas is gearing up to score a royal flush of sports franchises — by bringing basketball to Sin City. The city best known for gambling is just one NBA team short of a full set of major teams having snared franchises from the NHL, NFL, and by 2028, the MLB. Vegas may create its…
I Don’t Need (or Want) Another Boss One of my co-workers, who is a team leader but not a supervisor, has asked me to report my absences to him. He repeatedly asked me to tell him specifically if I was going to be absent. I told him I would report my absences to my supervisor…