Spotify is increasing its prices in the United States for many of its subscription plans. In a statement on its website, the audio streaming service said the increases were necessary so that it can ‘invest…
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Business
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Jeep plans to grow U.S. sales of its plug-in hybrid electric vehicles by as much as 50% this year as it leans into the technology as a bridge between its traditional gas-guzzling SUVs and all-electric…
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A produce company is recalling cucumbers it shipped to 14 states over concerns they may be contaminated with Salmonella. Fresh Start Produce Sales Inc. of Delray, Florida, said in a voluntary recall notice posted on…
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Business
See inside Ford’s new tech campus, a century-old Detroit train station restored for $950 million
DETROIT — Ford’s latest project out of the Motor City is the restoration and reopening of an abandoned train station, for decades a symbol of Detroit’s downfall and now the automaker’s new technology campus. The $950 million project…
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Business
Ulta Beauty CEO outlines plans to boost sales after first-quarter slowdown, shares jump 11%
Ulta Beauty on Thursday laid out plans to boost sales and gain market share after a first-quarter sales slowdown. Comparable sales, a metric that tracks Ulta stores open at least 14 months along with online sales,…
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A series of tour cancellations and changes by big-name artists has sparked questions about whether the post-pandemic live music boom could be cooling, as consumer spending fatigue meets elevated ticket prices. On Friday, Jennifer Lopez…
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Top proxy adviser Institutional Shareholder Services on Friday recommended Tesla shareholders vote against the reapproval of CEO Elon Musk’s $56 billion pay package and withhold their support from the re-election of News Corp. scion James Murdoch to the automaker’s…
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Inflation rose about as expected in April, with markets on edge over when interest rates might start coming down, according to a measure released Friday that is followed closely by the Federal Reserve. The personal consumption…
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The Dow Jones Industrial Average jumped Friday for its best session of the year, as investors wrapped up a strong month after the Federal Reserve’s preferred inflation measure came in largely around expectations. The blue-chip Dow climbed…
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Business
Hiring stays strong for low earners — while job growth for middle- and high-earners slows, Vanguard finds
The pace of hiring remains strong for lower-earning Americans, holding steady above its pre-pandemic baseline even as the demand for higher-income workers has waned slightly, according to new data from Vanguard. The hires rate for the bottom…