The Luxury Electric Vehicle Is in Trouble

Sales of expensive battery-powered cars like the Ford F-150 Lightning have stalled, forcing automakers to slow production and offer more affordable vehicles.

News
Tesla Profit Falls 37% After It Cut Car Prices

The company sold more cars but made less money on each one because of discounts and low-interest loans.

News
Costco to Sell Ozempic and Wegovy, Weight-Loss Wonder Drugs

Costco members will pay $499 a month out of pocket, the same price offered at CVS and Walmart, and on the manufacturer’s direct-to-consumer website.

News
Discount Airlines Like Spirit and Frontier Changed Flying. Now They’re in Trouble.

Carriers like Spirit and Frontier have lost customers to bigger competitors and seen their costs balloon. Some are in financial distress.

News
Aldi’s Passionate, Cultlike Following Fuels Its Rapid Expansion Plans

“It feels like I’m at a bougie store, but I’m not paying bougie prices,” one shopper said of the discount grocer, which is set to open hundreds of stores as consumers look to save and buy organic.

News
Walmart Tries to Shed a Stodgy Vibe to Battle Digital-Native Rivals

The retailing giant is spending billions to attract workers to a new headquarters and woo shoppers with drone delivery and a broader range of items (like Louis Vuitton handbags).

News
Chinese Companies Set Their Sights on Brazil

Confronted with tariffs and scrutiny in the United States and Europe, Chinese consumer brands are betting that they can become household names in Latin America’s biggest economy.

News
Monroe Milstein, Burlington Coat Factory Founder, Dies at 98

His was not exactly a rags-to-riches story, but his family made $1.3 billion from an original down payment of $75,000 in savings.

News
A Trade War Winner? The Booming Business of Returned Products.

As retailers slow down orders for foreign goods because of tariffs, companies that recirculate overstocked or returned items may help fill the gap.

News
Temu Stops Shipping Products From China to U.S. Customers

The e-commerce site acted after the Trump administration said it would close a loophole that allowed low-cost Chinese-made items to enter the U.S. without import fees.

News