Luxury home goods company Williams-Sonoma must pay a large fine for making false claims that some of its products are “Made in the USA,” marking the second time the company agreed to a settlement over mislabeling claims, the Department of Justice (DOJ) announced on Friday. Williams-Sonoma, headquartered in San Francisco, has agreed to pay a […]
U.S. Transportation Secretary Pete Buttigieg said on April 24 that Boeing must meet a government mandate to address systemic quality-control issues. The plane manufacturer has to comply with the mandate within 90 days in order to increase production on its 737 MAX airplanes. Several Boeing 737 MAXs have experienced safety issues in recent months. Mr. […]
WASHINGTON—U.S. auto safety regulators said on Friday they have opened an investigation into whether Tesla’s recall of more than 2 million vehicles announced in December to install new Autopilot safeguards is adequate following a series of crashes. The National Highway Traffic Safety Administration (NHTSA) said it opened the probe after receiving reports of 20 crashes […]
Tesla announced a new plan to use current product lines as the basis for new affordable vehicles instead of paying more money for all-new models. Some Tesla investors and analysts say this falls in line with traditional Detroit-style auto manufacturing.
Oil prices rose on Friday, drawing support from concerns about tensions in the Middle East, but gains were capped by a rise in the dollar after U.S. inflation data dampened hopes the Federal Reserve would cut interest rates soon. Denton Cinquegrana, chief oil analyst at Oil Price Information Service, tells NTD where oil prices are […]
If you’ve landed a job making $100,000 or more, the reality is not all of that money is yours for the keeping. Federal income taxes and withholding for Social Security and Medicare will take a chunk. Then state and local taxes can take another bite. That six-figure salary quickly can shrink to a take-home pay […]
The Federal Reserve’s preferred inflation gauge surged at a higher-than-expected pace, highlighting the persistent struggle to return inflation to the central bank’s 2 percent target. Alphabet Inc. announced a first-time-ever dividend program and a $70 billion buyback of its own stock that could revitalize the tech company for the next year. TikTok’s Beijing-based owner ByteDance […]
Gary Laney, a No. 1 bestselling author, explores the theme of developing leadership superpowers in his new book, “Become a Super Leader.” NTD sat down with this serial entrepreneur and former tech executive to learn his success secrets.
Google’s parent company, Alphabet, released its earnings report Thursday, pleasing shareholders with news of solid growth—and the payment of the company’s first-ever dividend of 20 cents per share. Alphabet’s stock price jumped nearly 13 percent in Thursday trading on the back of the report.
The Federal Reserve’s preferred inflation gauge surged at a higher-than-expected pace, highlighting the persistent struggle to return inflation to the central bank’s 2 percent target. According to the Bureau of Economic Analysis (BEA), the personal consumption expenditure (PCE) price index rose to 2.7 percent in March, up from 2.5 percent in February. This also came […]
The U.S. economy reported the weakest pace of growth since 2022 in the first quarter of the year. Economist Daniel Lacalle dives into the details of the report, which reveals government spending continues to be the driving force of the GDP. But Mr. Lacalle says investment, consumption, and exports are weakening. He is seeing a […]
The Environmental Protection Agency (EPA) has released strict new rules for coal-fired power plants. This is the first time the federal government has restricted carbon dioxide emissions from existing plants. According to Daniel Turner, president of Power the Future, the new restrictions will just make goods more expensive. Mr. Turner notes that coal produces more […]
The Federal Communications Commission (FCC) voted on Thursday to reinstate “net neutrality” rules that required internet service providers (ISPs) to enable access to all content and applications at the same speed, regardless of the source, and without favoring or blocking particular products or websites. The net neutrality rules were first implemented by the FCC under […]
The U.S. economy showed signs of slowing in the first quarter as inflation pressures and higher borrowing costs weighed on the country to kick off 2024. Facebook owner Meta registered nearly $4 billion in losses for its metaverse and AI research wing in the first quarter, with the company’s stock crashing by more than 11 […]
President Joe Biden’s administration has finalized an array of new regulations on fossil-fuel-fired power plants, including a rule requiring many power plants to prevent the release of 90 percent of their carbon emissions. “The Biden-Harris Administration is announcing key actions to build on this momentum and deliver clean electricity to more homes and businesses, helping […]
SYRACUSE, N.Y.—President Joe Biden traveled to upstate New York on Thursday to promote his administration’s efforts to bring chip manufacturing back to America. He announced that Micron, an American memory chipmaker, would receive $6.14 billion in federal grants through the CHIPS and Science Act, which he signed into law in 2022. Besides the direct funding, […]
Whirlpool Corp. will lay off about 1,000 salaried employees globally, the home appliances maker said Wednesday. The company said it first cut jobs in March of this year, and that it expects a second wave of reductions by early May. Whirlpool is aiming to trim up to $400 million in costs this year.
Secretary of State Antony Blinken brought up China’s non-market trade practices and called on the communist regime to provide U.S. businesses with a level playing field, in the first stop of his China visit. China and the United States have “an obligation for our people and, indeed, an obligation for the world to manage the […]
Boeing’s recent spate of highly publicized mechanical problems on its 737 Max jets has been rippling through the airline industry, and Southwest Airlines appears to be its latest point of impact. Southwest announced that it would pull out of four airports in the coming months to cut costs after a first-quarter loss of $231 million, […]
