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Tesla Posts Record Profit

Tesla reported by far its best quarterly profit Wednesday and said it still hopes to hit its target of half a million car sales this year. The strong results and ambitious goal were good news […]

By |2020-10-22T10:02:04-04:00October 22nd, 2020|Articles|0 Comments

Auto Sales on Recovery Path

The U.S. auto sector on Thursday continued to show signs of a recovery from the COVID-19 pandemic as improving demand in the third quarter for new vehicles has General Motors Co. and other major automakers […]

By |2020-10-02T12:32:58-04:00October 2nd, 2020|Articles|Comments Off on Auto Sales on Recovery Path

Macy’s Loss Narrows as Stores Reopen

Macy’s Inc. loss narrowed during the second quarter as locations began to reopen from their COVID- 19 induced lockdowns. The Cincinnati-based department store chain lost $431 million, or an adjusted 81 cents per share, as […]

By |2020-09-03T10:17:16-04:00September 3rd, 2020|Articles|Comments Off on Macy’s Loss Narrows as Stores Reopen

Nvidia Sales Surge

Nvidia Corp.’s data-center chips brought in more money than the gaming specialist’s core business for the first time in the company’s second quarter, but new gaming chips amid a pandemic-influenced boom in videogames are expected […]

By |2020-08-20T12:23:23-04:00August 20th, 2020|Articles|Comments Off on Nvidia Sales Surge

Walgreens CEO Steps Down

Walgreens Boots Alliance Inc. said Stefano Pessina will step down as chief executive, kicking off a search for a new leader at the company as the coronavirus pandemic has dented profits and complicated a turnaround. Mr. […]

By |2020-07-28T11:08:06-04:00July 28th, 2020|Articles|Comments Off on Walgreens CEO Steps Down

Ford Reveals New Bronco

Steve Olliges has raced older Ford Broncos through the desert and has five vintage ones in his garage. But the Ford dealer has never sold one from his showroom in Las Vegas. Instead, he’s watched […]

By |2020-07-14T15:06:56-04:00July 14th, 2020|Articles|Comments Off on Ford Reveals New Bronco

Rough Quarter for Car Sales

Most automakers have shifted to a quarterly release of U.S. new-vehicle sales data, but if they were hoping to limit the number of bad headlines during the Covid-19 crisis, perhaps a biannual or even biennial […]

By |2020-07-02T11:25:55-04:00July 2nd, 2020|Articles|Comments Off on Rough Quarter for Car Sales

Macy’s to Cut 3,900 Jobs

Macy’s is eliminating about a quarter of its corporate workforce, slashing 3,900 white-collar jobs in a sweeping effort to cut costs during the coronavirus pandemic. The layoffs announced Thursday come just months after the beleaguered […]

By |2020-06-26T09:56:14-04:00June 26th, 2020|Articles|Comments Off on Macy’s to Cut 3,900 Jobs

McDonald’s Sales Bounce Back

McDonald’s sales are gradually improving as more of its restaurants reopen worldwide. The Chicago-based fast food giant said Tuesday that its global same-store sales — or sales at locations open at least a year — were […]

By |2020-06-17T09:47:15-04:00June 17th, 2020|Articles|Comments Off on McDonald’s Sales Bounce Back

Target Gains Strength During Coronavirus

Target Corp. said sales surged in the most recent quarter, driven initially by online shoppers who stockpiled food and other essentials to brace for coronavirus lockdowns and more recently by rising demand for items like […]

By |2020-05-21T10:49:10-04:00May 21st, 2020|Articles|Comments Off on Target Gains Strength During Coronavirus