Economy

The Philips office building in Warsaw, Poland, on July 29, 2021. Nurphoto | Nurphoto | Getty Images Shares of Dutch device maker Philips jumped as much as 15% on Monday after the company reported better-than-expected second-quarter earnings. The stock was last up 14.62% when markets closed in Europe. Comparable group sales rose 2% to 4.5 […]

A McDonald’s restaurant is viewed on July 22, 2024 in Burbank, California. Mario Tama | Getty Images McDonald’s on Monday reported quarterly earnings and revenue that missed analysts’ expectations as same-store sales declined across every division. “Industry traffic has declined in major markets like the U.S., Australia, Canada, and Germany. In several markets, we also continue […]

In this photo illustration, bottles of Heineken beer are displayed on July 31, 2023 in San Anselmo, California. Justin Sullivan | Getty Images Heineken shares declined throughout the day on Monday after the brewing giant’s first-half profit growth came in weaker than analysts had expected. The company’s stock provisionally ended down 10.14% when markets closed […]

Was it the Parisians who bluntly told travelers “do not come” to the Summer Games? Or did sky-high prices for hotel rooms, house rentals and event tickets turn travelers away? For a multitude of reasons, many people — including residents — are avoiding Paris this summer, despite prognostications that a travel boom was all but […]

Investigators look over the scene at a Tesla Collision Center after an individual used incendiary devices to set several vehicles on fire on March 18, 2025 in Las Vegas, Nevada. Ethan Miller | Getty Images A Las Vegas man has been arrested on charges related to the Molotov cocktail arson attack on Tesla vehicles in […]

A Lululemon store in Manhattan, New York City, on July 15, 2024. Beata Zawrzel | Nurphoto | Getty Images Mul lulhemon beat Wall Street expectations for fiscal fourth-quarter earnings and revenue, but issued 2025 guidance that disappointed analysts. On an Thursday earnings call, CEO Calvin McDonald said the athleticwear company conducted a survey earlier this […]

JACK SILVA | Nurphoto | Getty Images Shares of Applovin sank 20% on Thursday, their steepest drop on record, as another short-selling firm raised concerns about the company’s digital ad technology and claimed that it’s violating app store rules. AppLovin tumbled $65.92 to close at $261.70. The stock soared more than 700% last year, the […]

For economists, harbingers of a recession can include a slowdown in consumer spending and rising unemployment. For the chronically online, indicators can range from the perceived fall of fake eyelashes to more commercials for online colleges. Or, maybe, it’s a skin care company selling eggs. And for Sydney Brams, a Miami-based influencer and realtor, it’s […]

Rep. Elise Stefanik, R-N.Y., testifies before the Senate Foreign Relations Committee on her nomination to be ambassador to the United Nations, on Capitol Hill in Washington, Jan. 21, 2025. Saul Loeb | Afp | Getty Images President Donald Trump on Thursday withdrew his nomination of Rep. Elise Stefanik as U.S. ambassador to the United Nations. […]

DETROIT — General Motors will follow crosstown rival Ford Motor in partnering with Tesla to use the electric vehicle leader’s North American charging network and technologies.Under the deal, GM vehicles will be able to access 12,000 of Tesla’s fast chargers using an adapter and the Detroit automaker’s EV charging app, starting next year.GM, like Ford,… […]