07:23 AM EDT, 08/22/2024 (MT Newswires) -- While economic activity has remained sluggish and forecasts have moved in the right direction, the European Central Bank (ECB) has remained uncomfortable with cutting interest rates while wage growth is elevated, said ING. Thursday's drop will bring some relief for those looking for a gradual cutting cycle as the 3.6% year-on-year negotiated wage...

Advance Auto Parts Inc. ( AAP ) is facing a scorching sell-off, with shares plummeting in premarket trading, as a disappointing second-quarter earnings miss, a slashed FY24 outlook, and the announcement of its $1.5 billion Worldpac sale shake investor confidence. The company reported earnings per share of 75 cents, missing the street view of $1.07. Quarterly sales of $2.683 billion...

07:42 AM EDT, 08/22/2024 (MT Newswires) -- The National Highway Traffic Safety Administration has closed its preliminary evaluation of the hard braking and immobilization issues in 1,194 autonomous ride-hailing vehicles operated by General Motors' ( GM ) Cruise unit, according to a notice posted on the regulator's website. The NHTSA's Office of Defects Investigation said it launched the investigation on...

07:44 AM EDT, 08/22/2024 (MT Newswires) -- Google ( GOOG ) has partnered with California lawmakers to boost local newsrooms and invest in an AI accelerator program in the state, multiple media sources reported late Wednesday. California has shelved a bill requiring tech companies like Google ( GOOG ) to pay news outlets for online content and announced a partnership...