DETROIT — The auto industry has an addiction. It's a "capital junkie" that's been on a yearslong binge of unprecedented spending on all-electric and autonomous vehicles. And now, it's waking up from the bender and entering rehab. Automakers from Detroit to Japan and Germany are attempting to lower costs and...
Germany’s inflation surges to 2.4% as it narrowly skirts a technical recession
Passers-by walk in the pedestrian zone of the Bavarian capital. Peter Kneffel | Picture Alliance | Getty Images Germany's inflation surged to 2.4% in October, back above the European Central Bank's 2% target, even as the country narrowly avoided a technical recession in the third quarter. The preliminary print,...
Gap shares surge as it raises guidance, touts ‘strong start’ to holiday
Hurricanes and unseasonably warm weather hit sales at Gap during its fiscal third quarter, but the apparel company still posted better-than-expected results, leading it to raise its annual guidance for a third time this year. Gap, which runs Old Navy, Banana Republic, Athleta and its namesake banner, is now expecting...
Can Starbucks fix long lines at its airport cafes?
Air travelers face a host of headaches on their journeys: slow security lines, long waits for plush lounges, the threat of delays or cancellations — and the airport Starbucks. Many travelers, flight crews and even airport employees have at some point encountered long wait times for their Starbucks cappuccinos, cold...