La-Z-Boy

The Salvation Army in Charlotte partnered with La-Z-Boy to donate 60 gently used furniture items to their adult rehab center. The donation aims to help individuals recovering from addiction achieve stability and independence.

U.S. stocks declined after Federal Reserve officials indicated potential interest rate hikes this year, with the S&P 500 falling 0.6% and the Dow Jones Industrial Average dropping 0.2%. Treasury yields rose as nine Fed policymakers projected at least one rate increase, while La-Z-Boy shares surged 19.1% on strong earnings and optimism about consumer spending was tempered by high inflation concerns.

U.S. stocks fluctuated ahead of the Federal Reserve's interest rate decision, with AI-related stocks like Jabil and Broadcom rising, while the S&P 500 fell 0.1%. La-Z-Boy jumped 19.1% on strong earnings, and traders debated potential Fed rate cuts amid a tentative U.S.-Iran agreement easing oil prices.

U.S. stocks drifted ahead of the Federal Reserve's interest rate announcement, with the S&P 500 up 0.2%, the Dow Jones rising 0.5%, and AI-related stocks like Jabil, Broadcom, and Applied Materials seeing gains. The market awaits the Fed's decision, which is expected to keep rates unchanged but provide future projections, while a U.S.-Iran agreement on oil prices adds uncertainty about inflation trends.

La-Z-Boy is launching the AudioLuxe furniture line with built-in Klipsch speakers in recliners and sofas, offering crystal clear tones and deep bass. The partnership integrates sound systems into headrests and subwoofers in bases, enabling wireless connectivity to devices for enhanced entertainment.