Goodyear Acquires Cooper in All-American Tire Deal
Two of the biggest remaining American-owned and based tire manufacturers are joining forces.
Two of the biggest remaining American-owned and based tire manufacturers are joining forces.
Walmart is raising wages for 425,000 of its workers and is investing $14 billion to speed up its distribution network as the nation’s largest retailer looks to keep paces with the changes in retail accelerated by the pandemic.
Ford announced a major push into electric vehicles in Europe, vowing to convert its entire passenger car lineup on the continent to electrics by 2030.
U.S. wholesale prices surged by a record 1.3% in January, led by big gains in health care and energy prices.
Global stock markets and U.S. futures are mostly higher after disappointing American jobs and economic data.
U.S. long-term mortgage rates were flat this week for a second straight week.
Bombardier Inc. plans to end production of its Learjet business jet later this year and cut 1,600 jobs in Canada and the United States as it cut costs amid the pandemic.
Shares have fallen in Tokyo and Sydney after stocks closed nearly flat on Wall Street, though the S&P 500 and the Nasdaq composite still logged record highs.
The number of Americans seeking unemployment benefits fell slightly last week to 793,000, evidence that job cuts remain high despite a substantial decline in new confirmed viral infections.
The U.S. government’s budget deficit hit $735.7 billion through the first four months of the budget year — an all-time high for the period.