Kia, once the ‘value’ brand, now has the biggest price markups
By Peter Valdes-Dapena, CNN Business Reversing a century of tradition, most cars now sell for over the manufacturer’s sticker price. This is…
Continue ReadingBiz/Tech
Rail union that rejected deal signs new tentative agreement
By JOSH FUNK AP Business Writer OMAHA, Neb. (AP) — A union that rejected its deal with the nation’s freight railroads earlier this month now…
Continue Reading Closing prices for crude oil, gold and other commodities
The Associated Press Benchmark U.S. crude oil for November delivery rose $1.79 to $78.50 a barrel Tuesday. Brent crude for November delivery rose…
Continue Reading White House conference puts spotlight on hunger relief
By SARA HERSCHANDER of The Chronicle of Philanthropy Chronicle of Philanthropy As the country’s food charities struggle to keep up with rising…
Continue Reading Yellen warns inaction on climate could cause economic crisis
By HANNAH SCHOENBAUM Associated Press/Report for America CHAPEL HILL, N.C. (AP) — Treasury Secretary Janet Yellen is warning of economic calamity…
Continue Reading Prototype electric airplane takes first flight
MOSES LAKE, Wash. (AP) — A prototype, all-electric airplane took its first flight Tuesday morning in central Washington state. The Seattle Times…
Continue Reading Markets are now treating UK bonds like Greek and Italian debt
By Julia Horowitz, CNN Business The pound may have paused its headlong crash toward parity with the US dollar, but the damage to the UK economy…
Continue Reading Toy companies expect grown-ups to shop more for other adults this holiday season
By Paul R. La Monica, CNN Business Fans of the cult classic movie “The Hudsucker Proxy” will remember that the main character kept…
Continue Reading New images reveal moment of DART asteroid impact captured by Italian satellite
By Ashley Strickland, CNN History was made Monday night when NASA’s Double Asteroid Redirection Test spacecraft successfully slammed into the…
Continue Reading Hertz, BP team up to build EV charging network
By Matt McFarland, CNN Business Hertz and BP plan to build a network of thousands of electric vehicle chargers in North America, the companies said…
Continue Reading Germany to keep 2 of its 3 nuclear plants running into April
EMILY SCHULTHEIS Associated Press BERLIN (AP) — Germany’s Economy and Energy Minister says the country will keep two of its remaining three…
Continue Reading ‘Don’t Worry Darling’ was plagued with drama. It won the box office this weekend
CNN By Frank Pallotta, CNN Business It looks like “Don’t Worry Darling” didn’t have that much to worry about. The Warner…
Continue Reading ‘Don’t Worry Darling’ was plagued with drama. It won the box office this weekend
By Frank Pallotta, CNN Business It looks like “Don’t Worry Darling” didn’t have that much to worry about. The Warner Bros.…
Continue Reading UK mortgage borrowers are in for a nasty shock from soaring rates
CNN By Anna Cooban, CNN Business Millions of mortgage borrowers in the United Kingdom are bracing themselves for huge hikes to their monthly payments…
Continue Reading UK mortgage borrowers are in for a nasty shock from soaring rates
By Anna Cooban, CNN Business Millions of mortgage borrowers in the United Kingdom are bracing themselves for huge hikes to their monthly payments as…
Continue Reading FAFSA season starts: What you need to know for financial aid
By ADRIANA MORGA Associated Press NEW YORK (AP) — The Free Application for Federal Student Aid filing season starts Oct. 1 for the 2023-2024 school…
Continue Reading Attorneys for Musk, Twitter argue over information exchange
By RANDALL CHASE AP Business Writer DOVER, Del. (AP) — A Delaware judge on Tuesday ordered attorneys for billionaire Elon Musk to create a log of…
Continue Reading UK Labour leader accuses government of trashing economy
By JON SUPER and JILL LAWLESS Associated Press LIVERPOOL, England (AP) — The leader of Britain’s main opposition Labour Party has accused the…
Continue Reading New home sales bounce back in August
By Anna Bahney, CNN Business New home sales bounced back in August despite high prices and rising mortgage rates that have pushed some buyers away.…
Continue Reading Mortgage rates surge, closing in on 7%
CNN By Anna Bahney, CNN Business Mortgage rates surged for the sixth week in a row, moving closer to 7%. The 30-year fixed-rate mortgage averaged…
Continue Reading Live Updates: Russia-Ukraine War
By The Associated Press Pro-Moscow officials say residents in one of the four occupied areas of Ukraine voted to join Russia in Kremlin-orchestrated…
Continue Reading Blaze at state oil giant PKN Orlen plant in Poland kills 2
WARSAW, Poland (AP) — Polish officials say two people have died in a fire at a facility belonging to state-owned oil giant PKN Orlen in central…
Continue Reading Ford to invest $700M, add 500 jobs at Louisville truck plant
By DYLAN LOVAN and TOM KRISHER Associated Press LOUISVILLE, Ky. (AP) — Ford will invest $700 million mainly at its Kentucky Truck Plant in…
Continue Reading Consumers are growing more optimistic about the US economy
Martha C. White for CNN Business Consumer confidence rose for a second straight month in September, as moderating gas prices and the hope that…
Continue Reading US consumers gaining confidence as gas prices keep falling
By MATT OTT AP Business Writer WASHINGTON (AP) — U.S. consumers grew more confident for the second month in a row as gas prices continued to fall.…
Continue Reading Stocks finish mixed, but Dow and S&P hit lowest levels since November 2020
By Nicole Goodkind, CNN Business So much for turnaround Tuesday on Wall Street. Stocks finished a volatile day mixed after rallying at the open. The…
Continue Reading Fed’s Powell urges broader regulation for stablecoins
By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — Federal Reserve Chair Jerome Powell said that stablecoins will need greater regulation…
Continue Reading King Charles III’s new monogram revealed at end of mourning
LONDON (AP) — King Charles III’s new monogram has been unveiled, as the official period of mourning for his mother Queen Elizabeth II came to a…
Continue Reading
Target plans ahead for holiday rush
CNN — 100,000 people. That’s how many people Target is looking to hire for help during the holiday rush. That’s not al the company is doing. They…
Continue Reading US home price reports show the cooling effect of rising mortgage rates
By Anna Bahney, CNN Business US home prices continued to climb in July. But the market showed signs of cooling as rising mortgage rates pushed more…
Continue Reading