Johnson & Johnson on Wednesday announced plans to invest more than $1 billion in a next-generation manufacturing facility that will produce advanced cell therapy technologies. The facility will be located in Montgomery County, Pennsylvania, and Johnson & Johnson said the move will expand its U.S. manufacturing capacity along with its pipeline…
Mortgage rates dropped this week to the lowest level since September 2022, mortgage buyer Freddie Mac said Thursday. Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed the average rate on the benchmark 30-year fixed mortgage fell to 6.01% from last week’s reading of 6.09%. The average rate on a…
Walmart posted solid fourth-quarter results Thursday as shoppers continued prioritizing value and convenience, helping push online sales to a record share of the retailer’s business. The company reported fiscal fourth-quarter revenue of $190.7 billion, up 5.6% from a year earlier. U.S. comparable sales rose 4.6%, driven by a 2.6% increase…
White House economic advisor Kevin Hassett on Wednesday called for the New York Federal Reserve to punish economists who published a research paper that found that the bulk of the burden of the Trump administration’s tariffs are falling on U.S. businesses and consumers. “The paper is an embarrassment. It’s, I think,…
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Discount retailer Dollar Tree is opening new stores in increasingly affluent areas as it seeks to attract higher-income customers who spend…
A nationwide recall has been issued for a baby fruit purée after federal testing found elevated levels of patulin, a…
Billionaire investor and hedge fund manager Bill Ackman is making a big gamble on the future of Mark Zuckerberg and…
Ford on Tuesday posted its largest quarterly loss since 2008 amid losses in the automaker’s electric vehicle (EV) division, as…
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Goldman Sachs plans to remove DEI hiring standards for its board of directors, The Wall Street Journal reported Monday. The company had removed a requirement for board diversity on companies it was taking public last year, but now plans to remove DEI language in the…
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This story on the January 2026 CPI inflation report is developing and will be updated with more details. Inflation remained elevated in January as the pace of consumer price growth stayed above the Federal Reserve’s target rate as policymakers weigh affordability concerns.The Bureau of Labor Statistics on Friday said that…
Spirit Airlines reached a deal to sell 20 of its Airbus jetliners and is recalling some of the flight attendants who were furloughed late last year amid the budget carrier’s financial struggles. Spirit is in the midst of going through its second bankruptcy in under two years, after it previously filed…
Mortgage rates inched lower this week, mortgage buyer Freddie Mac said Thursday. Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed the average rate on the benchmark 30-year fixed mortgage slipped to 6.09% from last week’s reading of 6.11%. The average rate on a 30-year loan was 6.87% a year…
A Georgia-based gun accessory company will pay $1.75 million in restitution to victims’ families, injured individuals and traumatized survivors of the 2022 mass shooting at a Buffalo supermarket and permanently stop selling a controversial magazine lock in New York under a settlement announced Wednesday. Mean LLC, commonly known as Mean…
Washington skeptics were quieted Wednesday morning as the January jobs report beat expectations, revealing a resilient American workforce that added 130,000 jobs to start the year. While experts predicted a winter chill for hiring, the 4.3% unemployment rate tells a different story — one of a Main Street economy —…
Kraft Heinz is pumping the brakes on plans to break up the company, with its new CEO saying the food giant’s challenges are “fixable and within our control” as it shifts focus toward reigniting profitable growth through a $600 million investment push. In a note in the company’s routine fourth…
This story on the January jobs report is developing and will be updated with more details. The U.S. economy posted solid job growth in January as employers hired at a steady pace to start 2026 as the Federal Reserve evaluates the need for rate cuts in the months ahead.What does…
The Federal Aviation Administration has grounded all flights to and from El Paso International Airport in Texas for the next 10 days, the agency announced Wednesday. All flights to and from El Paso are grounded, including commercial, cargo and general aviation. The restriction is effective from February 10 at 11:30…
Jaguar Land Rover is recalling nearly 2,300 electric SUVs in the U.S. over concerns that a high-voltage battery may overheat, increasing the risk of fire, the National Highway Traffic Safety Administration (NHTSA) announced on Tuesday. The recall impacts 2,278 Jaguar I-Pace vehicles from the 2020–2021 model years.”As an interim repair,…
The housing market has cooled off this winter with the annual pace of home price growth easing to levels unseen since the nation was recovering from the Great Recession. And while some areas continue to see strong price growth, others have seen notable declines. New data from Cotality, a data analytics…
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