Sales of previously occupied U.S. homes rose for the third straight month in November, driven by strong demand, low mortgage rates and intense competition for a relatively low number of…
Business
Third-Quarter Economic Growth Revised Slightly Higher
U.S. economic growth slowed sharply in the third quarter amid a flare-up in COVID-19 infections, the government confirmed on Wednesday, but activity has since picked up, putting the economy on…
Tesla Sends S&P 500 Crowd on a Wild Ride of Surges and Crashes
There was a sense among Wall Street types a year ago that Tesla’s entrance into the S&P 500 Index would calm the stock. Sure, it would still have sporadic moments…
Wall Street Joins Global Slump for Stocks; S&P 500 Down 1.8%
Wall Street is joining a worldwide slump for financial markets on Monday amid worries about how badly the omicron variant, inflation and other forces will hit the economy. The S&P…
AUTO REVIEW: Kia Carnival Is an Impressive Minivan With a Crossover Look
AUTO REVIEW: 2022 Mazda MX-30’s Puny Range Renders Automaker’s First EV Irrelevant
Mazda’s new 2022 MX-30 electric vehicle is shockingly uncompetitive, but don’t worry — you’ll probably never see one anyway. The automaker plans to sell just 560 in calendar 2022, exclusively…
My 2021 Vehicle of the Year: Fresh, Feisty, ‘ffordable Ford Maverick Pickup
News that Dodge is burying its iconic Hellcat models sent a shiver through the auto market this fall as enthusiasts fear a wave of cookie-cutter electric vehicles in the decade…
Drivers Must Feel Safe When They Charge Electric Vehicles
Would you willingly spend 30 minutes in a deserted parking lot at 11:30 p.m.? Advise your child or loved one to do it? Probably not, but electric-vehicle owners frequently face…
Home Construction Jumps 11.8% in November
New home construction in the U.S. jumped 11.8% in November with strong demand boosting builder confidence. The double-digit percentage increase last month left home construction at a seasonally adjusted annual…
Weekly Jobless Claims Rise Moderately as Labor Market Tightens
The number of Americans filing new claims for unemployment benefits increased moderately last week, remaining at levels consistent with tightening labor market conditions. Initial claims for state unemployment benefits rose…
Taking Aim at Inflation, Fed Prepares to Hike Interest Rates
With inflation now running at its fastest pace in nearly 40 years and showing no signs of slowing down, the Federal Reserve on Wednesday abandoned its wait-and-see strategy and indicated…
U.S. Airlines to Defend $54 Billion COVID-19 Government Lifeline
Major U.S. airlines Wednesday will defend a $54 billion COVID-19 government lifeline even as they face operational challenges and work to speed hiring to address rising demand. The Senate Commerce…
Nov. Retail Sales Up Modest 0.3% as Americans Keep Spending
Americans slowed their spending in November from October, but continued shopping despite higher prices and shortages in stores. Retail sales rose a modest seasonally adjusted 0.3% in November from the…
Tesla to Accept Dogecoin as Payment for Merchandise, Says Musk
Tesla Inc. chief Elon Musk said on Tuesday the electric carmaker will accept dogecoin as payment for merchandise on a test basis, sending the meme-based cryptocurrency up 24%. “Tesla will…
The Inflation Pros From Argentina Offer Tips for Rattled Americans
For many Americans, the sudden burst of inflation that has rocked the economy has been disorienting. Consumer prices had been so stable for so long in the U.S. that the…
Prices Climbed 6.8% in November Compared With Last Year, Largest Rise in Nearly 40 Years
Prices rose at the fastest pace in nearly 40 years last month, increasing 6.8% over the same period a year ago, as inflation continues to squeeze households and businesses nationwide…
Inflation Sizzles as Consumer Prices Post Biggest Annual Gain Since 1982
U.S. consumer prices rose solidly in November as Americans paid more for food and a range goods, leading to the largest annual gain since 1982, posing a political nightmare for…
Weekly Jobless Claims Lowest in More Than 52 Years
The number of Americans filing new claims for unemployment benefits dropped to the lowest level in more than 52 years last week as labor market conditions continued to tighten amid…
Apple’s Tim Cook Signed $275 Billion Deal to Placate China
Apple Inc Chief Executive Tim Cook signed an agreement with Chinese officials, estimated to be worth about $275 billion, to placate threats that would have hobbled its devices and services…
Mobileye Looking Forward to Tripling Valuation to $50 Billion
Intel plans to hold an initial public offering (IPO) of its Mobileye stock, that promises a tripling of its valuation to over $50 billion, Reuters reported on Tuesday. The Israel-based…