The Dow Jones Industrial Average reached a milestone Thursday that seemed unfathomable a year ago. A trader at the New York Stock Exchange on Thursday, May 16, 2024, as the DOW reached 40,000.Courtney Crow / NYSE The …
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Business
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Business
The Mirage casino, which ushered in an era of Las Vegas Strip megaresorts in the ’90s, is closing
by adminLAS VEGAS — The iconic Mirage hotel-casino on the Las Vegas Strip will shut its doors this summer, the end of an era for a property credited with helping transform Sin City into an ultra-luxury …
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Business
Rent up, groceries down: Inflation cooled slightly in April, but consumers still face a mixed bag
by adminThe consumer price index, the most-watched inflation measurement put out by the U.S. government, declined slightly to 3.4% on a 12-month basis in April as price growth in the economy remained elevated. Compared with March, …
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Business
Under Armour is laying off workers as retailer says North America sales will plunge this year
by adminUnder Armour announced a broad restructuring plan on Thursday as it said sales in its largest market, North America, plunged 10% and predicted the trend will get worse throughout its current fiscal year. The athletic apparel …
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Forget the drive-thru. Walmart wants diners to find a value meal in its grocery aisles. As fast food gets pricier, the nation’s largest grocer sees a sales opportunity. On a call with CNBC on Thursday, Walmart Chief …
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Business
Netflix ad-supported tier has 40 million monthly users, nearly double previous count
by adminNetflix’s cheaper, ad-supported tier has amassed 40 million global monthly active users, the company said Wednesday. That’s nearly double the 23 million figure the streaming giant shared in January. Separately, Netflix announced it would launch …
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McDonald’s is set to offer a $5 value meal in the U.S., but only for a limited time. The promotion will include four items for $5 — a McChicken or McDouble, four-piece chicken nuggets, fries and …
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Business
Tesla’s Chinese rival Nio launches a new brand and car that undercuts the Model Y by $4,000
by adminChinese electric car company Nio revealed Wednesday that the first car for its new, lower-priced brand, Onvo, will be about $4,000 cheaper than Tesla’s comparable Model Y. Deliveries for Onvo’s first car, the L60 SUV, are set to begin …
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Business
United Airlines says FAA cleared it to start adding new aircraft, routes after safety review
by adminUnited Airlines said the Federal Aviation Administration has cleared it to start adding new aircraft and routes months after the regulator stepped up its scrutiny of the carrier following several safety incidents. “Today, we got some good news: …
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Netflix will stream its first NFL games on Christmas Day. The streaming giant announced Wednesday that it will feature both Dec. 25 matchups scheduled for this year, with at least one other Christmas game coming …