The average cost of keeping an American home cool from June to September is set to hit $719, nearly 8% higher than last year, according to new projections from advocates for low-income households. That level…
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Business
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Business
See inside Ford’s new tech campus, a century-old Detroit train station restored for $950 million
DETROIT — Ford’s latest project out of the Motor City is the restoration and reopening of an abandoned train station, for decades a symbol of Detroit’s downfall and now the automaker’s new technology campus. The $950 million project…
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A produce company is recalling cucumbers it shipped to 14 states over concerns they may be contaminated with Salmonella. Fresh Start Produce Sales Inc. of Delray, Florida, said in a voluntary recall notice posted on…
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Jeep plans to grow U.S. sales of its plug-in hybrid electric vehicles by as much as 50% this year as it leans into the technology as a bridge between its traditional gas-guzzling SUVs and all-electric…
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A series of tour cancellations and changes by big-name artists has sparked questions about whether the post-pandemic live music boom could be cooling, as consumer spending fatigue meets elevated ticket prices. On Friday, Jennifer Lopez…
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Business
Ulta Beauty CEO outlines plans to boost sales after first-quarter slowdown, shares jump 11%
Ulta Beauty on Thursday laid out plans to boost sales and gain market share after a first-quarter sales slowdown. Comparable sales, a metric that tracks Ulta stores open at least 14 months along with online sales,…
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Inflation rose about as expected in April, with markets on edge over when interest rates might start coming down, according to a measure released Friday that is followed closely by the Federal Reserve. The personal consumption…
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Top proxy adviser Institutional Shareholder Services on Friday recommended Tesla shareholders vote against the reapproval of CEO Elon Musk’s $56 billion pay package and withhold their support from the re-election of News Corp. scion James Murdoch to the automaker’s…
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Signed sales contracts on existing homes dropped 7.7% in April compared to March, the slowest pace since April 2020, according to the National Association of Realtors. These so-called pending sales are a forward-looking indicator of…
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Business
N.Y. Fed President John Williams says inflation is too high but will start coming down soon
New York Federal Reserve President John Williams on Thursday said inflation is still too high, but he is confident it will start decelerating later this year. With markets on edge over the direction of monetary…