Amazon.com Inc. is almost certain to enter the business of selling prescription drugs by 2019, said two analysts at Leerink Partners, posing a direct threat to the U.S.’s biggest brick-and-mortar drugstore chains.
“It’s a matter of when, not if,” Leerink Partners analyst David Larsen said in a report to clients...
DETROIT - Major automakers on Tuesday posted higher U.S. new vehicle sales in September as consumers in hurricane-hit parts of the country replaced flood-damaged cars, extending a rally in their shares that began when Hurricane Harvey hit southeast Texas in late August.
Analysts and industry consultants had predicted hurricanes Harvey...
After nearly a century of building vehicles powered by fossil fuels, General Motors — one of the world’s largest automakers — announced Monday that the end of GM producing internal combustion engines is fast approaching.
The acceleration to an all-electric future will begin almost immediately, with GM releasing two new...
WASHINGTON - The U.S. economy expanded a bit faster than previously estimated in the second quarter, recording its quickest rate of growth in more than two years, but the momentum likely slowed in the third quarter due to the impact of Hurricanes Harvey and Irma.
Gross domestic product increased at...
U.S. consumer confidence eased in September from the second-highest level since late 2000 as attitudes deteriorated in states affected by hurricanes Harvey and Irma, according to figures Tuesday from the New York-based Conference Board.
HIGHLIGHTS OF CONSUMER CONFIDENCE (SEPTEMBER)
Confidence index cooled to 119.8 (est. 120) from a downwardly revised...
Target Corp. said Monday it is raising the minimum hourly wage for its workers to $11 starting next month and then increasing it to $15 by the end of 2020.
The company said the move will help it better recruit and retain top-quality staff and provide a better shopping experience...
In the coming days, Puerto Rico is set to ask for several billion dollars in federal relief after two major hurricanes as officials acknowledge that the months-long recovery may compel more residents to abandon an already economically distressed island.
The wind and rain from hurricanes Irma and Maria are compounding...
Federal Reserve Chairman Janet Yellen speaks during a news conference after a two-day Federal Open Markets Committee (FOMC) policy meeting, in Washington, U.S., September
NEW YORK/WASHINGTON - From her early days as Federal Reserve chair, Janet Yellen has been the target of criticism from Republicans worried that the central bank’s...
WASHINGTON - Wall Street’s top regulator came under fire on Thursday over its cyber security and disclosure practices after admitting hackers had breached its database of corporate announcements in 2016 and may have used it for insider trading.
The breach involved the U.S. Securities and Exchange Commission’s EDGAR filing system,...
