Business

Austan Goolsbee, the president of the Chicago Federal Reserve, stated on Tuesday that a soft landing is still an option as the central bank works to fight inflation without suffering severe consequences for the economy. Goolsbee stated on CNBC’s “Squawk Box” that “there is the possibility of the golden path… that we got inflation down […]

The residential real estate industry might be completely upended by a recent jury verdict that was rendered against the National Association of Realtors and major residential brokerages. The crux of the matter lies in the real estate compensation model. Plaintiffs claim that buyer brokers are overpaid, commission rates are excessive, and fixed pricing results from

Listening to third-quarter corporate earnings calls may give the impression that people are using diet pills. Analysts questioned a number of companies, including Philip Morris International, Darden Restaurants, PepsiCo, and Delta Air Lines, about how the drugs are impacting their financial results. Most executives are ignoring the effects, arguing that it’s too soon to measure

After exceeding estimates on both fronts in the third quarter and improving its outlook for the year, shares of Planet Fitness jumped by double digits. This is the company’s performance in relation to the expectations of Wall Street analysts as reported by LSEG, formerly refinitiv. Profits per share: adjusted to 59 cents from the expected

Automaker Stellantis intends to build the Ram 1500 Ram charger, an electric pickup truck with a gas engine and an electric generator that will be the first of its kind in the industry. In case that seems contradictory, here’s how it functions: When the truck’s battery runs out, an electric onboard generator powered by a

Wonder Group, a food delivery startup, received funding from Nestle to expand its product offering to include prepared foods and high-tech kitchenware for use in hotels, hospitals, and sports arenas. The agreement comprises a strategic partnership and a $100 million investment from Nestle, according to people familiar with the matter who wished to remain anonymous

According to the CEO of Nissan Motor, since the Covid pandemic, the world has undergone significant change, and people now have very different expectations for their battery-powered cars depending on where they live. For well-established automakers like Nissan, who have adopted global strategies for decades, this poses a number of challenges. Speaking with Martin Soong,

By April 2028, the United Auto Workers union claims that Chrysler’s parent company Stellantis intends to invest $18.9 billion in the United States, of which $1.5 billion will be used to produce new midsize pickup trucks at a plant that has been idled in Belvidere, Illinois. The estimated 43,000 UAW members who would be covered

According to a news release issued on Thursday, the Culinary Workers Union Local 226 and the Bartenders Union Local 165 will go on strike on November 10 at 5 a.m. PT if a contract is not reached by then. According to the release, if a five-year contract could not be reached, thirty-five thousand workers would