Business

More news - News 24 hours Kohl's plans to open 200 stores in its facilities by the end of September. The retailer will sell a wide variety of baby items, including strollers, car seats and cribs. WOODLAND PARK, NJ — Kohl's is targeting smaller retailers to boost sales. The retailer will open Babies R Us stores in its locations nationwide starting this week and plans to have 200 by the end of September. The stores will offer a variety of baby items the company has never sold before, including shampoo, strollers and car seats. Previously, Kohl's only sold baby clothing. With the move, the Wisconsin-based retailer aims to better meet the needs of young families, whether they’re decorating their homes, preparing for back-to-school or expecting a new baby. Most of Kohl’s approximately 1,170...

More news - News 24 hours The U.S. labor market is expected to show signs of cooling in July, due to the gradual economic slowdown and the impact of Hurricane Beryl on hiring rates. The Labor Department’s July nonfarm payrolls report, due Friday at 8:30 a.m. ET, is expected to reflect this slight decline. However, the expected decline is in line with the Federal Reserve’s strategy for a controlled economic slowdown. “If the Fed was aiming for a soft landing, it looks like it’s done it,” said Mike Reynolds, vice president of investment strategy at Glenmede. “We’re seeing some weakness in the labor market, but nothing that suggests a major recession.” The Bureau of Labor Statistics projects payrolls to rise by 185,000 in July, down from 206,000 in June, with the unemployment rate project...

More news - Recent news WASHINGTON D.C. — The United Auto Workers (UAW) officially endorsed Vice President Kamala Harris in the upcoming presidential race on Wednesday, opposing Republican nominee and former President Donald Trump. The endorsement by the UAW, led by President Shawn Fain, is in line with the union’s historic support for Democratic candidates, including now-President Joe Biden. Fain has been a vocal critic of Trump, and that stance has been reinforced with the recent endorsement. “Our mission in this election is to defeat Donald Trump and support Kamala Harris, who has a proven track record of standing up for the working class,” Fain said. “We face a choice: reinstate a billionaire who opposes the values ​​of our union or elect Kamala Harris, who will fight alongside us ...

More news - News 24 hours DETROIT – Stellantis, the global automaker, is launching a large-scale voluntary buyout program for its U.S. workforce as part of its ongoing efforts to reduce costs and increase profitability. In an email to employees Tuesday morning, the company revealed plans to offer a voluntary severance package to non-union U.S. employees at the vice president level and below in specific departments. Stellantis, which recently announced disappointing first-half financial results, has indicated that involuntary layoffs may be necessary if the buyout program fails to reach sufficient participation. Eligible employees will receive detailed emails in mid-August with instructions on how to access their personalized offers. The company confirmed the acquisition move, which was...

More news - Breaking news Here are the key stocks that saw significant moves in pre-market trading: McDonald's (MCD): The fast food giant saw its shares rise 2% before the market opened, led by solid quarterly earnings that beat analysts' expectations. Tesla (TSLA): Tesla shares jumped 3.5% in premarket trading after announcing record vehicle deliveries for the quarter, beating Wall Street projections. Stellantis (STLA): Stellantis shares rose 1.8% after the company reported better-than-expected sales figures, boosted by strong demand for electric vehicles. Other noteworthy movers: Apple (AAPL): Apple shares rose 1.2% after analysts raised their price target, citing robust iPhone sales. Amazon (AMZN): Amazon shares rose 2.7% on news that it was expanding its grocery delivery...

More news - News 24 hours DETROIT — General Motors has unveiled the latest version of its iconic sports car, the Chevrolet Corvette, set to become the most powerful model in the brand’s history. The 2025 Chevy Corvette ZR1 will feature a 5.5-liter twin-turbo V8 engine that produces over 1,000 horsepower and 828 pound-feet of torque. This significant increase in power positions the ZR1 among the elite supercars, typically priced in the hundreds of thousands of dollars. “This car accelerates like a freight train,” noted Tadge Juechter, Corvette’s executive chief engineer since 2006, at a recent media event. “We expect this to be the fastest car we’ve ever built, by a considerable margin.” The previous record holder for most powerful Corvette was the 2019 ZR1, which boasted 755 horsepower...