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Dollar General CEO warns consumers are cash-strapped and says 2025 won’t be better

Dollar General CEO Todd Vasos said on Thursday that inflation continues to hurt the discounter’s customers and that the macroeconomic environment won’t improve…
Stock

Donatella Versace steps down as head of Italian fashion house

Donatella Versace announced Thursday that she is stepping down as chief creative officer of Versace, ending her nearly 30-year-long stint at the Italian…
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Spirit Airlines, fresh from bankruptcy, is ready to take on the new Southwest, CEO says

Spirit Airlines is out of bankruptcy, hitting its target to emerge in the first quarter, after a crippling few years. CEO Ted Christie says…
Stock

Elon Musk’s politics are hurting Tesla, 85% say in investor survey

More than eight out of every 10 respondents to a Morgan Stanley survey believe Tesla CEO Elon Musk’s controversial political activities are hurting his business….
Stock

FTC asks to delay Amazon Prime deceptive practices case, citing staffing shortfalls

The Federal Trade Commission asked a judge in Seattle to delay the start of its trial accusing Amazon of duping consumers into signing up…
Stock

Tesla shares plunge 15%, steepest drop in five years

Tesla’s selloff on Wall Street intensified on Monday, with shares of the electric vehicle maker plunging 15%, their worst day on the market…
Stock

X sees major outages as Musk claims ‘massive cyberattack’ hit platform

Three separate outages appeared to hit Elon Musk’s X social media site Monday as he claimed it was suffering a ‘massive cyberattack.’…
Stock

Dick’s Sporting Goods is latest retailer to forecast rocky 2025 as recession fears swirl

Dick’s Sporting Goods on Tuesday said it’s expecting 2025 profits to be far lower than Wall Street anticipated, making it the latest retailer…
Stock

Southwest Airlines will charge to check bags for the first time, launch basic economy tickets

It’s happening: Southwest Airlines will start charging passengers to check bags for the first time. It’s a stunning reversal that shows the low-cost pioneer…
Stock

Here’s why banks don’t want the CFPB to disappear

For years, American financial companies have fought the Consumer Financial Protection Bureau — the chief U.S. consumer finance watchdog — in the…
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