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US consumer spending increases; inflation eroding households' buying power WASHINGTON(Reuters) - U.S. consumer spending surged in August, but outlays adjusted for inflation were weaker than initially thought in the prior month, ...
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Why Warby Parker sees a big future in physical stores Eyeglasses retailer Warby Parker debuted Wednesday on the New York Stock Exchange at a nearly $7 billion valuation—a strong response to the company's direct ...
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GM new vehicle sales take huge hit in 3rd quarter — but not all models are hurting General Motors reported a deep decline in its third-quarter new vehicles sales amid its battle with a global shortage of semiconductor chips, which has left ...
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Why COVID is cutting into China's power rations Normally, those higher coal prices would have been passed on to energy consumers. But electricity utility rates are capped. This mismatch has pushed power ...
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Blue Origin: Essay alleges sexism, 'dehumanizing' culture at Jeff Bezos' rocket company New York (CNN Business) A group of 21 current and former employees at Blue Origin, the rocket company founded by Jeff Bezos, co-signed an essay speaking out ...
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Senate confirms Rohit Chopra to lead the Consumer Financial Protection Bureau Rohit Chopra's nomination was approved 50-48, with Vice President Kamala Harris earlier having to cast a tie-breaking vote to end debate. Republicans were ...
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Today's Mortgage Rates: October 1, 2021—Mortgage Rates Still Stay Unchanged Borrowers with a 30-year fixed-rate jumbo mortgage with today's interest rate of 3.20% will pay $432 per month in principal and interest per $100,000. That ...
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7 takeaways from Rivian's IPO filing It's rather expensive to build a car company ... Rivian, the electric automaker backed by Amazon, Ford and a cornucopia of heavy-hitting institutional investors ...
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Mortgage and refinance rates today, Oct. 1, 2021 Average mortgage rates edged lower again yesterday as key infrastructure legislation stalled in Congress. These rates remain extraordinarily low by almost ...
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Macy's and Amazon are fighting for billboard supremacy in NYC A battle is brewing between two retailers, one a department store and the other a massive online retailer, to see who can have the most coveted billboard ...
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