Tariffs test US appetite for new cars amid tight inventories
May vehicle sales show consumer demand holds but affordability fears and tariff pressure threaten momentum. Ford and Hyundai posted YoY gains while Subaru and Mazda declined, with inventories tightening and prices inching higher as dealers gauge tariff impact and June strategies.
MENTIONED IN THIS ARTICLE
Donald Trump
Ford Motor Co
U.S
Hyundai Motor Co
Kia Corp
Subaru Corp
Mazda Motor Corp
General Motors Co
Stellantis NV
S&p Global Mobility
Stephanie Brinley
S&P’s
Auto Intelligence
Brinley
June
Ford
Hiring slows but adds 139,000 jobs amid tariff uncertainty
U S employers added 139000 jobs in the latest month, below April’s 147000 but above forecasts. Health care up 62000, bars and restaurants 30000, government shed 22000, factories down 8000. Wages up 0.4 percent. labor force shrank 625000. unemployment rate fell to 59.7 percent participation. Tariffs and policy volatility loom over outlook.
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Washington
U.S
Donald Trump
Department of Labor
Trump
Labor Department
Daniel Zhao
Glassdoor
Institute For Supply Management
Carl Weinberg
Steel Horse Leather
Brooklyn
China
Dave Heaton
Heaton
Stocks rise on upbeat jobs data and tariff concerns
U S stocks advance led by tech as job market data beat expectations and traders weigh tariffs. The S&P 500 climbs about 1 percent to 6000.36, Dow gains 443 points, Nasdaq up 231, Nvidia and Apple rise while Lululemon falls sharply on earnings. Trade talks loom as Fed holds rates awaiting inflation signals.
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New York
Wall Street
U.S
Nvidia
Apple
Tesla
Trump
Musk
Circle Internet Group
New York Stock Exchange
Donald Trump
Lululemon Athletica
Lululemon
S&p 500
U.S. Administration
London
Washington
Beijing
Institute For Supply Management
Organization For Economic Cooperation and Development
Federal Reserve
Zaccarelli
Fed
Michaels absorbs Joann lines to expand fabric offerings
The Michaels Companies completed the purchase of Joann's intellectual property and private label brands as the Texas crafts chain winds down operations. CEO David Boone said the move welcomes Joann customers into Michaels offering broader fabric sewing and yarn selections amid demand. Financial terms were not disclosed. Joann, founded in 1943 in Ohio, filed for Chapter 11 twice in the past year and announced going out of business in February after GA Group and Joann's lenders won the bid to acquire assets.
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New York
Joann
Michaels
Michaels Companies
David Boone
Associated Press
Ohio
GA Group
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Owen McCarthy
Detroit News
Stellantis
Chrysler
Dodge
Jeep
Ram
Volkswagen AG
Mary Barra
Charlie Chesbrough
Cox Automotive Inc
COVID
Jim Walen
Hyundai
Seattle
Microsoft Corp
Ivan Drury
Edmunds.com Inc
Drury
United States
Jerome Powell
Jim Lebenthal
County Partners
Lebenthal
Energy Vault
Calistoga
California
Jobs
Joann Lines
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