Stanley Black & Decker said it will eliminate roughly 300 positions in New Britain, Connecticut, and close a manufacturing facility that produces single-sided tape measures as part of its ongoing restructuring efforts. The move is tied to what the company described as a sustained decline in demand for the product…
U.S. stocks plunged on Tuesday as investors eye growing tensions in the Middle East and their potential effects on inflation and global trade. The Dow Jones Industrial Average fell 1,100 points, or 2.25%, while the Nasdaq Composite and S&P 500 fell 2.27% and 2.13%, respectively.Investors feared that the higher oil…
Oil prices have climbed after reports that Iranian drones struck a major liquefied natural gas (LNG) facility in Qatar, rattling global energy markets and reigniting debate over energy security. But while the market reaction was swift, one energy analyst says the United States is structurally better prepared to weather the…
Oil prices surged late Sunday as fears mounted that the escalating Iran conflict could drag on for weeks, rattling global energy markets. Global benchmark Brent crude briefly jumped to $82.37 a barrel — its highest level since January 2025 — in the first wave of trading following U.S. and Israeli…
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Even as higher-end department stores struggle, off-price retail is thriving, showing that Americans are still spending, just more selectively. TJX…
Spirit Airlines announced Tuesday that it reached a deal with lenders that will allow it to exit bankruptcy by the…
Novo Nordisk on Tuesday announced plans to cut the list price of its popular diabetes and weight-loss drugs Ozempic and Wegovy…
Public Storage is relocating its headquarters from California to Texas, becoming the latest major corporation to shift its official base…
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American Express has announced plans for the construction of a 55-floor building at 2 World Trade Center in New York City. It is anticipated that the building project will be finished in 2031, the company noted. Construction is slated to start in spring of this…
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FedEx sued the U.S. government Monday, seeking a full refund of tariffs assessed under President Donald Trump’s order targeting imports. The lawsuit is one of the highest-profile moves by a major American company following the Supreme Court’s 6-3 ruling Friday, which determined that the president did not have the authority…
The nation’s largest retailer of used cars, CarMax, will pay at least $420,000 to resolve allegations that it repossessed vehicles from U.S. service members without court orders, the U.S. Department of Justice announced Monday. In addition to compensating affected service members, the company will pay a $79,380 civil penalty to…
Volvo Cars is recalling over 40,000 of its flagship electric EX30 SUVs because of a risk of battery packs overheating and catching fire. The recall involves replacing modules in the high-voltage battery packs in the SUV, which is a crucial model in Volvo’s push to compete with cheaper Chinese brands. The…
A new analysis finds prospective homebuyers have seen their purchasing power rise in the last year due to higher incomes and lower mortgage rates. Zillow published a report on Monday that found a median-income U.S. household can now comfortably afford a $331,483 home with a 20% down payment. It found that…
The Trump Organization signed an agreement to build a $1 billion skyscraper on Australia’s Golden Coast, the company announced on Friday. The $1.06 billion building will rise 91 floors in the Australian state of Queensland, the Trump organization said in an announcement. The building will feature a “six-star resort-hotel” with…
Behind Florida’s fine sand beaches and bright green palm trees, a roaring and thriving economy isn’t just running on sunshine; it’s a direct result of a “secret sauce” that combines aggressive private-sector growth with a stark fiscal contrast to the policies of high-tax, Democratic-led states. While hubs like New York…
The Supreme Court ruling that struck down the Trump administration’s tariffs imposed under an economic emergency declaration could open the door to billions of dollars in tariff refunds for businesses, though the ruling didn’t specify a process for handling those refunds. The Supreme Court ruled that President Donald Trump’s tariffs enacted under…
The Supreme Court on Friday struck down a significant portion of the Trump administration’s tariffs that the justices found the tariffs were imposed illegally under an emergency economic powers law. The Court issued a 6-3 ruling that held President Donald Trump’s use of the International Emergency Economic Powers Act (IEEPA) was…
More than 5,000 deadly work injuries were recorded in the U.S. in 2024, according to the U.S. Bureau of Labor Statistics, with truck drivers and construction trades workers accounting for a large proportion. “There were 5,070 fatal work injuries recorded in the United States in 2024, down 4.0 percent from…
The Federal Reserve’s preferred inflation gauge remained elevated in December as price pressures continued to pose a challenge for consumers. The Commerce Department on Friday reported that the personal consumption expenditures (PCE) index rose 0.4% in December on a monthly basis and is up 2.9% from a year ago. Those figures were…
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