Latest Market News
Business inventories rose 1.5% in February as companies tried to stock up low levels of products on hand. Sales in the month increased 1%, the government said Thursday. The inventory-to-sales ratio rose to 1.26 form 1.25. The ratio reflects how long it would take a company to sell all the goods sitting on warehouse shelves. […]
The U.S. Consumer Product Safety Commission said about 155,000 GE-brand French-door refrigerators with bottom freezers are being recalled, as the freezer handle can detach, posing a fall hazard. GE Appliances, a company of Louisville-based Haier, said the recall involves six models of the “fingerprint-resistant stainless steel” refrigerators sold from February 2020 through January 2022 for […]
Russia on Thursday warned of possible nuclear deployments if Finland and Sweden were to become NATO members, as the two Nordic neighbors took steps toward joining the alliance. Dmitry Medvedev, the deputy head of Russia’s Security Council, said there could no longer be talk about a nuclear-free status for the Baltic region if those two […]
The U.S. Energy Information Administration reported on Thursday that domestic natural-gas supplies rose by 15 billion cubic feet for the week ended April 8. That compared with an average weekly climb of 10 billion forecast by analysts surveyed by S&P Global Commodity Insights, which pegged the average five-year supply build at 33 billion. Total supplies […]
The U.S. Consumer Product Safety Commission said Thursday that Dollar Tree Inc. DLTR, +1.16% is recalling about 1.03 million “Crafter’s Square Glue Guns,” because they can malfunction when plugged in, posing fire and burn hazards. The glue guns, which were made in China and imported by Dollar Tree subsidiary Greenbrier International Inc., were sold nationwide […]
Peloton Interactive Inc. PTON, -4.63% has announced new pricing across the fitness company’s offerings. The company is cutting prices on its bike and treadmill packages. The basic Peloton bike now starts at about $1,200, the Bike+ starts at about $2,000 and the Tread Basic starts at $2,395. But pricing for the all-access membership in North […]