Business

(NEW YORK) — General Motors is “very serious about making Cadillac a premium brand again,” Michael Simcoe — the company’s senior vice president of global design — told ABC News in an interview about the “engineering and design tour de force” that is the new Celestiq. The interview below has been edited for clarity. Q: […]

(NEW YORK) — Shares of Netflix climbed about 9% in early trading on Friday after a strong earnings report propelled by hit shows like “Nobody Wants This” and “The Perfect Couple.” The company added about 5 million subscribers over a three-month period ending in September, which marked a roughly 40% decline from the same period one year prior. Even […]

(WASHINGTON) — Former President Donald Trump has proposed tariffs as the solution for a host of perceived ills: the decline of U.S. manufacturing, the arrival of undocumented immigrants and the costs of childcare, among others. “To me, the most beautiful word in the dictionary is ‘tariff,’” Trump said this week during an appearance at the […]

Tim Boyle/Getty Images (NEW YORK) — 7-Eleven will close more than 400 of its “underperforming stores” across the U.S. and Canada in an effort to reduce costs and bolster earnings before the end of the year. Seven & I Holdings, the Tokyo-based parent company of the convenience store chain, announced the news during an earnings […]

(NEW YORK) — Boeing will reduce the size of its total workforce by 10% over the coming months, CEO Kelly Ortberg said in a letter to employees on Friday. That amounts to around 17,000 jobs, based on the company’s December 2023 total workforce numbers. Ortberg said due to the workforce reductions, Boeing would not proceed […]

(NEW YORK) — Inflation has loomed over the U.S. economy like a movie villain, haunting grocery store trips and gas runs. While costs remain much higher than they were a few years ago, those rapid price increases have mostly vanished. Inflation stands at its lowest level in more than three years, hovering right near the […]

(TAMPA, Fla.) — Hurricane Milton left widespread gasoline shortages across Florida after it made landfall on Wednesday night and cut across the state. The damage exacerbated fuel outages that began before the storm arrived, as millions fled from its path. Nearly a quarter of the roughly 7,900 gas stations in the state have run dry, […]

(NEW YORK) — An escalation of conflicts in the Middle East in recent weeks has triggered a sharp increase in oil prices, raising uncertainty about where costs will head in the final weeks before Election Day. Oil prices surged about 13% over an 11-day stretch ending on Monday. Prices fell markedly on Tuesday, however, as […]

(NEW YORK) — U.S. hiring surged in September, blowing past economist expectations and rebuking concern about weakness in the labor market. The fresh report marks one of the last major pieces of economic data before the presidential election. Employers hired 254,000 workers last month, far exceeding economist expectations of 150,000 jobs added, U.S. Bureau of […]

(NEW YORK) — In the final weeks of the campaign, former President Donald Trump and Vice President Kamala Harris have sought to best each other on the all-important issue of the economy, which many voters rank as their top concern. Both candidates have made manufacturing a centerpiece of their plans, but their respective approaches feature […]