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Stocks

“Tesla shares wipe out loss for the year with 27% rally this week”

“Tesla’s stock price rose enough on Friday to wipe out its loss for the year and bring its gain for the week to 27%. Shares of the electric vehicle maker closed Friday at $251.55. They ended last year at $248.48, and… Continue Reading…

Economy

“55% of workers say their pay isn’t keeping up with inflation….”

“…More than half, 55%, of respondents in a new survey from Bankrate.com say their incomes have not kept up with rising household expenses amid persistent high inflation. Only 33% of respondents said their incomes have either kept up with or exceeded higher… Continue Reading…

Economy

“Retail sales growth sluggish in August as consumers fight to keep up with inflation”

“…Advance retail sales for the month increased 0.3% from July, better than the Dow Jones estimate for no change. The total is not adjusted for inflation, which increased 0.1% in August, suggesting that spending outpaced price increases. Inflation as gauged by the consumer… Continue Reading…

Business, Economy

“Executives Are Quitting to Spend Time With Family … Really”

“…As the Great Resignation sweeps the American work force, it is low-wage workers — particularly those in the service industry — who are making up a majority of the turnover. Insufficient pay, poor working conditions, pandemic burnout and the opportunity to earn… Continue Reading…