Airbnb is rolling out a huge app redesign this summer that its CEO Brian Chesky calls “the biggest change in a decade.” The new changes are rolling out to users in the US today and will let users search for stays based on categories and plan trips that include more than one home. The presentation, […]
2023 Cadillac Escalade V-Series Cadillac DETROIT – General Motors’ newest Cadillac Escalade will be the most powerful and expensive version of the full-size SUV ever when it goes on sale this summer, starting at about $150,000. The Detroit automaker unveiled the 2023 Cadillac Escalade-V on Wednesday with a supercharged 6.2-liter V-8 engine that delivers 682 […]
picture: International Harvester Company Sometimes, there’s good news in the world and today is one of those times: Volkswagen’s board of directors are expected to approve a plan Wednesday to bring back the Scout, this time as an EV brand with an SUV and pickup truck to kick off the new line. Can you even […]
TerraUSD hit a low of $0.30 Wednesday as the supposed stablecoin slid further away from its peg after confidence evaporated. Sister cryptocurrency luna tumbled more than 97% as rescue efforts from Terraform Labs appeared to fail. Analysts labeled the drops a “death spiral” and questioned whether confidence would ever return to the Terra project. loading […]
The Kohl’s logo is displayed on the exterior of a Kohl’s store on January 24, 2022 in San Rafael, California. Justin Sullivan | Getty Images Kohl’s shareholders voted to reelect the company’s current slate of 13 board directors, as the retailer faced mounting pressure from activists for an overhaul, the company announced Wednesday. The annual […]
The Dow Jones Industrial Average reversed from early losses Wednesday after a hotter-than-expected inflation report — the consumer price index. Energy stocks rallied as oil prices bounced back from a two-session slide. Former stock market leaders Coinbase, Roblox, Trade Desk and Unity Software all tumbled after reporting their quarterly earnings results. X coinbase (COIN), Western […]
MILAN, May 11 (Reuters) – World shares turned lower on Wednesday and bond yields shot up after US data showed inflation there slowed down less than expected last month, cementing expectations of aggressive rate hikes by the Federal Reserve. US futures turned negative after data showed US annual consumer price growth slowed to 8.3% in […]
Bitcoin prices have suffered a route over the past week alongside other cryptocurrencies. dreamstime Textsize Bitcoin and other cryptocurrencies remained under pressure Wednesday, but above their Tuesday lows, with the focus on the meltdown of stablecoin TerraUSD, which is designed to be pegged to the US dollar. The price of Bitcoin fell 2% over the […]
Placeholder while article actions load The pace of inflation showed some signs of easing in April, as prices rose 8.3 percent compared with a year ago and 0.3 percent compared to the month before, the slowest increases since last summer. Data released Wednesday by the Bureau of Labor Statistics may give policymakers some nascent hope […]
Check out the companies making headlines before the bell: Wendy’s (WEN) –Wendy’s reported adjusted profit of 17 cents per share, 1 cent below estimates, with revenue and same-store sales also missing analyst forecasts. The restaurant chain is seeing a negative impact from higher costs for supplies and labor, and its shares slid 3.4% in premarket […]