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Tesla has downsized by at least 14% this year after Elon Musk said layoffs would exceed 10%

Elon Musk speaking during the Tesla Annual Shareholder's meeting in Austin, Texas on June 13th, 2024. Source: Tesla Inc. Tesla's hefty downsizing in 2023 has...

Regulators hit Citigroup, JPMorgan Chase, Goldman Sachs and Bank of America over living will plans

Jane Fraser, CEO of Citigroup, testifies during the Senate Banking, Housing, and Urban Affairs Committee hearing titled Annual Oversight of the Nations Largest...

Home prices hit record high in May as sales stall

Homes in the Issaquah Highlands area of Issaquah, Washington, US, on Tuesday, April 16, 2024. David Ryder | Bloomberg | Getty ImagesSales of previously...

Experts say Shein’s U.S. IPO is all but dead

The Shein logo can be seen on a smartphone, while the Chinese online retailer's website is open on a laptop. Monika Skolimowska | Picture...

Forever 21 seeks rent concessions as fast fashion brand faces financial woes

A fashion retail Forever 21 store is pictured in in London on September 30, 2019. Fashion retailer Forever 21 has filed for Chapter...

$2 billion Baltimore bridge rebuild is test case for new national debate over infrastructure spending

In an aerial view, the remains of the Francis Scott Key Bridge are seen as salvage crews continue to work to clean up...

Treasury yields retreat after data hints at slowing economy

U.S. Treasury bond yields were slightly down on Friday as investors pondered the latest economic data for signs of a slowing economy.The 10-year...

SpaceX unveils backpack-sized ‘Starlink Mini’ satellite internet antenna for $599

Starlink Mini promotional image.SpaceX customer email sent June 19, 2024.SpaceX is rolling out a compact version of its Starlink antennas called "Mini," which...

Fast-food customers are shifting to casual-dining chains, Darden Restaurants CEO says

Customers arrive at an Olive Garden location in San Antonio, Texas.Callaghan O'Hare | Bloomberg | Getty ImagesCasual-dining chains are gaining customers who have...

Student loan forgiveness deadline is June 30. Here’s what borrowers need to know

Tanja Ivanova | Moment | Getty ImagesStudent loan borrowers have until the end of June to meet a deadline that could lead to...

Bank of England holds interest rates steady despite inflation easing to 2% target

General view of the Bank Of England building in London. Sopa Images | Lightrocket | Getty ImagesLONDON — The Bank of England on Thursday...

Treasury yields rise as investors await jobless claims and housing data

U.S. Treasury bond yields rose on Thursday as investors looked ahead to data on initial filings for unemployment benefits and housing starts.The 10-year...

OpenAI co-founder Ilya Sutskever announces his new AI startup, Safe Superintelligence

Ilya Sutskever, Russian Israeli-Canadian computer scientist and co-founder and chief scientist of OpenAI, speaks at Tel Aviv University in Tel Aviv, June 5,...

Mortgage demand flattens even as interest rates hit the lowest level since March

File photos: "For Sale" signBrandon Bell | Getty ImagesConsumers seemed unimpressed by the latest drop in mortgage rates. Total mortgage application volume rose...

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