CNBC’s Jim Cramer on Tuesday discussed consumer behavior, saying many are fed up with high prices of certain companies’ products and services, such as those in the airline or retail business. “Consumers at last are finally saying no. They are pushing back on high prices, they are demanding bargains,” he said. “This rebellion is how … Read more
DETROIT – General Motors is indefinitely delaying production of its Origin autonomous vehicle as its embattled Cruise self-driving unit attempts to relaunch operations. The Detroit automaker said Tuesday its majority-owned robotaxi unit will instead focus on using the next-generation Chevrolet Bolt for development of autonomous vehicles. Cruise has been using now-discontinued Bolts for autonomous vehicle … Read more
Amazon is a buy ahead of its annual Prime Day starting Tuesday — even as the stock has rallied hard this year. That’s because the high-quality stock is still cheap, said Jim Cramer on CNBC Monday. Consider: Shares of the e-commerce giant are up nearly 29% in 2024 compared to the S & P 500 … Read more
Dividend-paying stocks can enhance investors’ portfolio returns and provide certainty in shaky markets. Investors can track Wall Street analysts’ ratings to select stocks of dividend-paying companies that have attractive growth prospects, which could boost earnings and cash flows to support higher dividends. Here are three attractive dividend stocks, according to Wall Street’s top experts on TipRanks, a platform … Read more
An Amazon driver delivers packages in Washington, D.C., on Aug. 27, 2023. Tom Williams | Cq-roll Call, Inc. | Getty Images When Brandon Fishman ran a discount on his vitamin-infused coffee for Target‘s weeklong deals event, he wasn’t worried about how it would affect his business on Amazon. He certainly didn’t expect his sales there … Read more
We finally got the consumer price index we were looking for, with both the June headline and core readings coming in slightly lower than expectations. The CPI bolstered the case for the Federal Reserve to start cutting interest rates. It also gave investors the green light to rotate out of this year’s tech winners and … Read more
Customers exit a Costco store in Teterboro, New Jersey, on June 28, 2023. Kena Betancur | Corbis News | Getty Images You will soon have to pay more if you want to shop at Costco. The membership-based warehouse club said Wednesday that it will increase its membership fee by $5 in the U.S. and Canada … Read more
Automated distribution centers for Walmart grocery business. Courtesy: Walmart Walmart said Wednesday that it will open five automated distribution centers for fresh food across the country, as the retailer chases efficiency and its online grocery business grows. The discounter’s new facilities are roughly 700,000 square feet on average. Chilled and frozen areas have automation that … Read more
Workers producing garments at a textile factory that supplies clothes to fast fashion e-commerce company Shein in Guangzhou in southern China’s Guangdong province. Jade Gao | Afp | Getty Images The rise of Asian fast fashion retailer Shein already has Amazon on alert, but its plans of selling proprietary supply-chain technology and services to companies … Read more
When Walmart announced earlier this summer that it would add digital shelf labels to more of its stores, the discounter said the move would cut another tedious task from store workers’ to-do lists. Customers didn’t necessarily see it that way. On TikTok, some criticized the higher-tech price tags as the first step toward the nation’s … Read more
