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Economy

The ‘funflation’ effect: Why Americans are spending on travel and entertainment

Even while carrying $1.13 trillion in credit card debt, many Americans are still willing to splurge on travel and entertainment. But this summer it...

20 hours ago

Economy

Rivian secures up to $5 billion from Volkswagen; shares soar 40%

Volkswagen plans to invest up to $5 billion in electric vehicle startup Rivian, starting with an initial investment of $1 billion. The additional $4...

20 hours ago

Economy

Amazon plans to launch discount store in bid to fend off Temu and Shein

Amazon plans to launch a new section on its site dedicated to low-priced fashion and lifestyle items that will allow Chinese sellers to ship...

20 hours ago

Economy

Inflation vs. wages: How rising prices stack up against growing pay

It’s a key question on voters’ minds heading into Thursday night’s presidential debate: How far does my dollar go in 2024? The short answer:...

20 hours ago
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