As of July 11, consumers, dealerships and current and former auto retail employees have filed 10 federal lawsuits against CDK Global in connection with the company’s 2024 cyberattacks and outage. Here’s an overview.
There appears to be growing animosity between UAW President Shawn Fain and some members of his leadership team that swept into power almost two years ago.
James Royal, Ph.D. | Bankrate.com (TNS)
Investors have a lot of concerns right now – the potential for falling interest rates, the U.S. elections and the emergence of artificial intelligence. How should they play these events?
Bankrate’s Market Mavens survey asked the experts about some of the most important questions for investors in 2024:
— Once the Fed begins cutting rates, how might investors and savers respond when yields or returns on savings are moving lower?
— With the U.S. election ahead, how should investors approach the uncertainty and the variety of potential outcomes?
— What is your view of the market’s enthusiasm around tech stocks and AI, and how should investors with long-term time horizons approach it?
The Federal Reserve has made it clear that it’s poised to move interest rates lower as soon as it sees inflation more consistently moving toward its 2 percent target. With inflation having moved lower, most market watchers think it’s only a matter of time until the Fed cuts rates.
By Courtney Neidel | NerdWallet
Black Friday used to happen only in November. But even as we’ve been getting used to the idea of those sales creeping into October, retailers have also been conditioning us to associate a third month with big deals — July.
This month has sales scheduled from Amazon (Prime Day, anyone?), Target, Walmart and other big retailers.
“Consumers are being trained,” says Ayalla Ruvio, associate professor of marketing at Michigan State University. “Right now, it’s almost like tradition. Once you train consumers, they’re expecting it. They’re getting ready for it.”
But labeling a sale as “Prime Day” or “Black Friday” doesn’t necessarily make it a bargain. Protect your wallet this month by steering clear of these four shopping mistakes.
The hallmark of these July sales is urgency. They don’t last forever. And that could push you into a transaction without thinking twice.
On one hand, the pressure is real. Products like clothing, shoes and cosmetics that were marked down with deep discounts have sold out in prior years, Ruvio points out.