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BMW Recalls More Than 394,000 Vehicles Over Air-Bag Problem
The German premium carmaker is recalling the vehicles in the U.S. to fix potentially faulty air-bag inflaters that pose a risk of exploding.
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Volkswagen Cuts 2024 Sales Margin Forecast on Possible Audi EV-Plant Closure in Brussels
The German car manufacturer trimmed its guidance for 2024 operating return on sales due to the potential Brussels closure and other unplanned expenses.
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Shein to Address Fashion Industry Waste Ahead of Potential Listing
Online fast-fashion giant Shein will invest about $270 million in the U.K. and Europe over the next five years to address industry waste as it prepares for a potential London listing.
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FTC to Sue Drug Managers Over Insulin Prices
Preparations to sue follow a two-year probe into whether the firms steer patients away from less-expensive medicines.
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Costco to Lift Membership Fees for First Time in Seven Years
The annual fee will rise to $65 from $60, with the increase effective Sept. 1.
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Fed Chair Powell says holding rates high for too long could jeopardize economic growth
Setting the stage for a two-day appearance on Capitol Hill, the central bank leader said the economy remains strong as does the labor market.