Amazon must notify customers about and remove products deemed dangerous that it sells through its website, federal regulators ruled Tuesday. In a unanimous decision, the Consumer Product Safety Commission said that as a ‘distributor,’ Amazon ultimately bears legal responsibility for affected products’ recalls, even if they are sold in the…
Amid surging summer heat, the earth reached a new hottest day on record on July 22. That day, the global average temperature was almost 63 degrees Fahrenheit, and was surrounded by similar high temperature days. Across the U.S. this summer, many areas have experienced unrelenting heat waves. As a result, many Americans face a…
Starbucks on Tuesday reported quarterly revenue that missed analysts’ expectations as both its U.S. and international cafes faced weaker demand. Shares of the company rose more than 1% in extended trading. Here is what the company reported compared to what Wall Street was expecting, based on a survey of analysts by LSEG: The…
DETROIT — Automaker Stellantis plans to once again reduce its U.S. employee headcount through a broad voluntary buyout, as the company attempts to reduce costs and boost profits. In an email to employees Tuesday morning, the company said it would offer a voluntary separation program to non-union U.S. employees at the vice…
Boeing has named Robert “Kelly” Ortberg to replace CEO Dave Calhoun, picking a longtime aerospace veteran from outside the company as the manufacturer struggles to regain its footing from its safety and manufacturing crises. He will start Aug. 8. Ortberg, 64, previously led major aerospace supplier Rockwell Collins, which later became Collins Aerospace,…
While the best state to retire in the U.S. is also one of the smallest in the country, the worst state to retire is the largest. Alaska ranks as the worst state in the U.S. to retire for the third year in a row, according to Bankrate’s study of the best states to retire in…
Private job growth slowed further in July while the pace of wage gains hit a three-year low, payrolls processing firm ADP reported Wednesday. Companies added just 122,000 jobs on the month, the slowest pace since January and below the upwardly revised 155,000 in June. Economists surveyed by Dow Jones had…
Boeing has named Robert “Kelly” Ortberg to replace CEO Dave Calhoun, picking a longtime aerospace veteran from outside the company as the manufacturer struggles to regain its footing from its safety and manufacturing crises. He will start Aug. 8. Ortberg, 64, previously led major aerospace supplier Rockwell Collins, which later became Collins Aerospace,…
This week saw the major equity averages continue a confirmed pullback phase, with some of the biggest gainers in the first half of 2024 logging some major losses. Is this one of the most buyable dips of the year? Or is this just the beginning of a protracted decline with…
The S&P 500 index ($SPX) is a capitalization-weighted stock index. Many lesser capitalization blue-chip stocks that compose these 500 companies have been performance laggards. Though smaller companies in the index, these corporations are among the bluest of the blue-chip stocks. These prestigious corporations have been overshadowed by the immense mega-capitalization…