Young adults’ wealth is growing, but they’re still living and spending in the here and now. Many feel they don’t have a choice. The net worth of Americans ages 18-39 surged by 80% from the start of 2019 to the third quarter of last year, Federal Reserve Bank of New York research shows, blowing past […]Read More

As consumers continue to struggle with persistently high inflation, Target is unveiling a low-price, in-house brand it’s calling dealworthy. Target’s dealworthy products will start at less than $1, with most items coming in under $10, the company said. The retailer is marketing some 400 items under the label, including apparel and accessories, essentials and beauty, […]Read More

Cruise, the driverless car company owned by General Motors, is back in the spotlight after another close call with a pedestrian. The California Department of Motor Vehicles is investigating allegations that a self-driving vehicle operated by Cruise nearly hit a 7-year-old boy after it failed to yield to him and his family while they crossed […]Read More

Stock markets threw a tantrum Tuesday, posting big losses after slightly hotter-than-expected inflation data stoked worries that interest rate cuts may not be coming soon. But don’t freak out. Markets tend to overreact. January’s consumer price index report is just one number in an overall trend that has been moving steadily in the right direction. […]Read More

Stocks dropped on Tuesday after hotter-than-expected inflation data for January spiked Treasury yields and raised doubts that the Federal Reserve would be able to cut rates several times this year, a key part of the bull case for the equity market. The Dow Jones Industrial Average lost 524.63 points, or 1.35%, for its worst session since March […]Read More

Cast members at Disneyland in California have sought to organize with the United States’ primary stage actors union. Some 1,700 characters and parades workers are receiving unionization cards from the group, Actors’ Equity Association, according to an association statement. ‘As the Entertainment Cast Members at the Disneyland Resort, it is time for us to come […]Read More

Paramount Global is laying off hundreds of employees, just one day after the company announced CBS had record Super Bowl viewership, Chief Executive Officer Bob Bakish said Tuesday in an internal memo to employees. Paramount will lay off about 800 people, or an estimated 3% of its workforce, according to a person familiar with the matter. Paramount […]Read More

Tiger Woods has unveiled his new lifestyle brand and clothing line, called Sun Day Red, in the wake of his high-profile split with longtime sponsor Nike. At a news conference Monday evening in Los Angeles, Woods said the new offering, in collaboration with TaylorMade Golf, marks a new milestone in his career. “It’s the right […]Read More