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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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Senators seek special counsel probe of Supreme Court Justice Clarence Thomas
Justice Clarence Thomas “secretly accepted gifts and income potentially worth millions of dollars,” the Democratic senators said evidence suggested.
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UiPath to lay off 10% of workforce in companywide restructuring
Software developer UiPath will cut 10% of its workforce, or about 420 jobs, as part of a broader company restructuring.
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These software stocks have ‘best of both worlds,’ offering strong growth and solid balance sheets
As the artificial intelligence craze evolves, Canaccord Genuity thinks these software companies have strong fundamentals despite high interest rates.
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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.