There’s no room for price gouging in a ultra-competitive business like retail, Target CEO Brian Cornell said on Wednesday. In an interview on CNBC’s “Squawk Box,” the retail chief disputed campaign talking points accusing grocers of inflating prices. He said retailers have to be responsive to customers or risk losing business. He…
A new labor market survey shows Americans have rarely felt more in need of new job opportunities — an indication of a more negative outlook about the economy despite other data that suggests a more stable picture. The New York Federal Reserve’s latest poll of consumers found 28.4% of respondents…
The European Union on Tuesday said planned tariffs on Tesla vehicles being imported from China would be cut to 9% from 20.8%, while also reducing a number of planned import duties on other electric vehicle firms. In June, the E.U. said it would slap higher tariffs on Chinese electric vehicle imports, which it…
Federal Reserve officials at their July meeting moved closer to a long-awaited interest rate reduction, but stopped short while indicating that a September cut had grown increasingly probable, minutes released Wednesday showed. “The vast majority” of participants at the July 30-31 meeting “observed that, if the data continued to come in about…
DETROIT — Ford Motor is delaying production of a next-generation all-electric pickup truck at a new plant in Tennessee and canceling plans for a three-row electric SUV, the company said Wednesday. Instead, Ford said it will prioritize the development of hybrid models, as well as electric commercial vehicles such as a new electric…
The former CEO of a small Kansas bank was sentenced to more than 24 years in prison for looting the bank of $47 million — which he sent to cryptocurrency wallets controlled by scammers who had duped him in a “pig butchering” scheme that appealed to his greed, federal prosecutors said. The massive embezzlement…
U.S. job gains over the 12 months ending in March were revised downward Wednesday by 818,000 — a significant revision that adds to recent concerns that the economy has been slowing. The change means that roughly 2.1 million jobs were created in the U.S. in the past year, compared with…
Emergency workers in southern Italy are still hunting for six people missing after a tornado sank a luxury yacht early Monday – prompting an air and naval operation off the coast of Sicily. Fifteen people were rescued from the wreckage on Monday, according to Italy’s Coast Guard. One body was…
Panama on Tuesday carried out its first migrant deportation flight funded by the United States, part of a widening effort to reduce the number of migrants traveling north through the region. Twenty-nine Colombians were deported from Panama City to Medellín, Colombia, according to Panama’s Deputy Security Minister Luis Felipe Icaza.…
A Russian soldier has defected to Ukraine, according to the Freedom for Russia Legion, the “I Want to Live Project,” and the Defense Intelligence of Ukraine. The defected soldier – with the call sign “Silver” – was an active serviceman for the unit “Storm” before volunteering for the Freedom for…