<b>Pebble Beach Monterey Car Week: Most expensive cars sold</b>
Pebble Beach Monterey Car Week: Most expensive cars sold
A $30 million Ferrari led the parade of trophy cars sold during Monterey Car Week last week, although the classic-car market showed further signs of slowing. Total sales for the more than 1,200 cars sold over five auctions at Monterey and P...
2023-08-24 16:05:00
<b>Mortgage rates hit highest point since 2000</b>
Mortgage rates hit highest point since 2000
Mortgage rates jumped Monday, following a driven by investors' concerns that high interest rates and inflation will linger longer than expected. The average rate on the popular 30-year fixed mortgage hit 7.48%, the highest level since Novem...
2023-08-24 16:04:55
<b>Macy's (M) earnings Q2 2023</b>
Macy's (M) earnings Q2 2023
on Tuesday signaled consumers will be pickier and more price-driven in the back half of the year, even as the retailer topped Wall Street's quarterly expectations. The company's shares fell about 14% on Tuesday, as the department store oper...
2023-08-24 16:04:49
<b>RSV: FDA approves Pfizer maternal vaccine for infants </b>
RSV: FDA approves Pfizer maternal vaccine for infants
The on Monday a vaccine from Pfizer that from respiratory syncytial virus, the of hospitalization among babies in the U.S. Pfizer's RSV shot is already and available in the U.S. for older adults. It's now the approved by the FDA to in infan...
2023-08-24 16:04:44
<b>Ferrari CEO Benedetto Vigna says a third of new buyers are under 40</b>
Ferrari CEO Benedetto Vigna says a third of new buyers are under 40
Yet because the famous prancing-horse brand is built on scarcity — and owners who rely on limited production to maintain their cars' value — Ferrari is also expected to keep a tight rein on production. , Ferrari produced 13,221 vehicles...
2023-08-24 16:04:38
<b>Recalled products still for sale on Facebook Marketplace: lawmakers</b>
Recalled products still for sale on Facebook Marketplace: lawmakers
In this article Recalled baby products linked to are still widely sold on Facebook Marketplace despite thousands of requests from federal regulators to take down the items, four members of Congress said. In a letter sent Friday to CEO Mark...
2023-08-24 16:04:33
<b>Lowe's (LOW) earnings Q2 2023</b>
Lowe's (LOW) earnings Q2 2023
reported mixed results for its fiscal second quarter on Tuesday, as consumers tackled springtime projects and helped offset weakening home improvement demand. The company topped Wall Street's earnings estimates, but fell slightly short of e...
2023-08-24 16:04:27
<b>Covid: Novavax says vaccine effective against Eris variant</b>
Covid: Novavax says vaccine effective against Eris variant
Shares of Novavax jumped more than 13% on Tuesday after the biotech company said its new generated a against the now-dominant and another of the virus in small animal trials. The updated shot is designed to target omicron subvariant , which...
2023-08-24 16:04:22
<b>Macy's earnings: Macy's to open more smaller strip mall stores</b>
Macy's earnings: Macy's to open more smaller strip mall stores
said Tuesday it will open four more stores that look a lot different than its typical giant mall anchors as it tries to refresh a brand that has lost luster with many shoppers. thinks . The new shops will open in the fall in Boston, Las Veg...
2023-08-24 16:04:17
<b>Dick's Sporting Goods (DKS) earnings Q2 2023</b>
Dick's Sporting Goods (DKS) earnings Q2 2023
The reference to shrink is the first that Dick's has made in an earnings call or press release in nearly 20 years, according to FactSet. that reported earnings last quarter, the reference comes at a time that Dick's from numerous sources, i...
2023-08-24 16:04:11
<b>Home sales drop again in July, as supply drops again</b>
Home sales drop again in July, as supply drops again
Sales of previously owned homes dropped 2.2% in July from June to a seasonally adjusted, annualized rate of 4.07 million units, according to the National Association of Realtors. Sales were 16.6% lower compared with July of last year. Homes...
2023-08-24 16:04:05
<b>AMC shares crater as investors brace for stock conversion</b>
AMC shares crater as investors brace for stock conversion
shares plummeted more than 20% on Tuesday, slipping to a new 52-week low of $2.46 per share, as investors brace for a stock conversion later this week. On Friday, the movie theater chain's preferred equity units, dubbed APE shares, are set...
2023-08-24 16:03:59
<b>Altria Group sues Juul over e-vapor patent infringement </b>
Altria Group sues Juul over e-vapor patent infringement
Marlboro maker said Tuesday its subsidiary NJOY has sued Juul Labs — the e-cigarette company it once held significant stake in — over patent infringement of certain e-vapor products. In a complaint filed with the U.S. International Trad...
2023-08-24 16:03:53
<b>UPS workers approve new labor contract with big raises</b>
UPS workers approve new labor contract with big raises
workers ratified a massive five-year labor deal that includes big wage increases and other improvements to work rules and schedules, the International Brotherhood of Teamsters The deal passed with 86.3% of votes, the highest contract vote i...
2023-08-24 16:03:48
<b>Mortgage demand from homebuyers drops to a 28-year low as interest rates soar</b>
Mortgage demand from homebuyers drops to a 28-year low as interest rates soar
Mortgage rates jumped last week to the highest level in 23 years, pushing mortgage demand from homebuyers to the lowest level in 28 years. Total mortgage application volume fell 4.2% last week, compared with the previous week, according to...
2023-08-24 16:03:42