business

Convertible sales fall in U.S. amid popularity of EVs, SUVs

2024 Ford MustangSource: FordConvertibles — once a sign of open-air freedom, road trips and summer adventures — are fading away as the auto industry shifts to all-electric cars and more rugged sport utility vehicles.Sales of traditional drop-tops such as the Chevrolet Camaro and Ford Mustang, as well as roadsters such as the Mazda Miata, have …

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An iconic soap with two weird claims to fame — “It floats” and it’s “99+44⁄100% Pure”

This iconic cake of soap, invented almost 150 years ago, has become a part of Americana largely by advertising its two strange merits: “It Floats” and it’s “99+44⁄100% Pure.”The original product is a no-frills, plain white, mild-scented bar soap with the name “IVORY” etched into it in script. Impressively, it has stayed exactly that way …

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These 20 stocks in the S&P skidded as much as 21.5% during another brutal week for the market

Another difficult week for U.S. stocks ended with shares of oil producers sliding and Ford Motor Co. tumbling further on concerns over supply shortages. The S&P 500 SPX, -1.72% fell 1.7% on Friday for a one-week decline of 4.6%, as investors continued to fret about the Federal Reserve’s interest-rate increases to temper inflation. Among components …

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Costco to keep $1.50 hot dog-and-soda combo ‘forever’ despite inflation: exec

A top Costco Wholesale executive confirmed the big-box retailer has no plans to change the price of its $1.50 hot dog-and-soda combo at its stores despite months of decades-high inflation. Costco CFO Richard Galanti reiterated the cheap price point on the fan-favorite deal would stay in place during the company’s fourth-quarter earnings call on Thursday. …

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Trump merger partner Digital World falls to about $16 after hitting $97 in early 2022

The Truth social network logo is seen on a smartphone in front of a display of former U.S. President Donald Trump in this picture illustration taken February 21, 2022.Dado Ruvic | ReutersShares of Digital World Acquisition Corp. fell this week as the company missed a key deadline to hold on to about $1 billion in …

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FedEx, Costco, Boeing and more

Check out the companies making headlines before the bell:FedEx (FDX) – FedEx remains on watch this morning after announcing a 6.9% increase in shipping rates and plans to cut another $4 billion in annual costs. FedEx fell 3.2% in the premarket.Costco (COST) – Costco lost 3.3% in the premarket despite reporting better-than-expected profit and sales …

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Credit Suisse says buy stocks with this characteristic popularized by Warren Buffett

Credit Suisse is recommending stocks with a characteristic favored by Warren Buffett for investors navigating growing risk in equity markets. The firm expects companies with “economic moats” could help investors shield their portfolios from increasing economic uncertainty. It’s a term popularized by the legendary investor that refers to a company’s ability to maintain competitive advantages …

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Charts suggest inflation could soon come down ‘substantially,’ Jim Cramer says

CNBC’s Jim Cramer on Thursday said that inflation could soon decline, leaning on charts analysis from legendary technician Larry Williams.”The charts, as interpreted by Larry Williams, suggest that inflation could soon cool down substantially — soon — if history’s any guide,” he said. The “Mad Money” host’s comments come after the Federal Reserve on Wednesday raised …

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