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Mortgage rates hit their highest point since 2000
22/08/2023

Mortgage rates hit their highest point since 2000

Mortgage rates hit the highest level since the end of 2000, and that is crushing affordability for potential homebuyers.

Tilray is buying beverage brands from Molson Coors, Anheuser-Busch as cannabis industry struggles
22/08/2023

Tilray is buying beverage brands from Molson Coors, Anheuser-Busch as cannabis industry struggles

Tilray Brands, a major cannabis company, is tapping into the beverage industry with recent acquisitions from Molson Coors and Anheuser-Busch.

Airlines add flights to get travelers off of Maui after deadly wildfires
14/08/2023

Airlines add flights to get travelers off of Maui after deadly wildfires

Airlines waived flight-change costs because of the deadly fires in the popular resort area of Maui in Hawaii.

2025 Cadillac Escalade IQ, GM’s new all-electric SUV, starts at $130,000. Here’s a first look
14/08/2023

2025 Cadillac Escalade IQ, GM’s new all-electric SUV, starts at $130,000. Here’s a first look

The 2025 Cadillac Escalade IQ is a new all-electric SUV with more power than the current supercharged V-8 model and an estimated range of 450 miles.

CVS to slash 5,000 jobs as company deepens costly health-care push
02/08/2023

CVS to slash 5,000 jobs as company deepens costly health-care push

The pharmacy chain had about 300,000 employees in the U.S. at the end of last year, according to a securities filing.

Virgin Galactic banks $2 million in quarterly revenue after first commercial spaceflight
02/08/2023

Virgin Galactic banks $2 million in quarterly revenue after first commercial spaceflight

Virgin Galactic flew two spaceflights during the second quarter: Its final test spaceflight and its first commercial spaceflight.

Cannabis companies Cresco, Columbia Care call off $2 billion merger as industry awaits banking reform
01/08/2023

Cannabis companies Cresco, Columbia Care call off $2 billion merger as industry awaits banking reform

The termination comes as the cannabis industry struggles to scale as it awaits crucial federal and banking reform.

‘Barbenheimer’ is a billion-dollar win for the global box office
01/08/2023

‘Barbenheimer’ is a billion-dollar win for the global box office

Both 'Barbie' and 'Oppenheimer' held tough at the domestic box office in their second weekends.

The fight over a bill targeting credit card fees pits payment companies against retailers
31/07/2023

The fight over a bill targeting credit card fees pits payment companies against retailers

Bipartisan support for the Credit Card Competition Act has surged since it was introduced last year.

Ford pushes back EV target, warns of wider losses due to slower-than-expected adoption
31/07/2023

Ford pushes back EV target, warns of wider losses due to slower-than-expected adoption

Ford said it now expects its EV business unit, Ford Model e, to post an operating loss of about $4.5 billion this year

Biogen to cut 1,000 jobs to save costs as company prepares for Leqembi launch
26/07/2023

Biogen to cut 1,000 jobs to save costs as company prepares for Leqembi launch

Biogen, in its second-quarter earnings report, said the plan will result in $700 million in net operating expense savings by 2025.

GM blames supplier for slow EV production, says Chevy Bolt EV will live on
26/07/2023

GM blames supplier for slow EV production, says Chevy Bolt EV will live on

General Motors CEO Mary Barra blamed a supplier of automation equipment for the slow ramp-up of its new electric vehicles.

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