Business
Why Ford believes its $1.9 billion shift in EV strategy is the right choice for the company
DETROIT — Ford Motor’s profit engine for decades has been large trucks and SUVs in the U.S. So it might surprise...
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Target CEO addresses price gouging accusations in retail
There’s no room for price gouging in a ultra-competitive business like retail, Target CEO Brian Cornell said on Wednesday. In an interview...
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Ford delays new EV plant and cancels electric three-row SUV as it shifts strategy
DETROIT — Ford Motor is delaying production of a next-generation all-electric pickup truck at a new plant in Tennessee and canceling plans...
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Cryptocurrency ‘pig butchering’ scam wrecks Kansas bank, sends ex-CEO to prison for 24 years
The former CEO of a small Kansas bank was sentenced to more than 24 years in prison for looting the bank of $47 million...
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U.S. added 818,000 fewer jobs than thought, adding to concerns about a slowing economy
U.S. job gains over the 12 months ending in March were revised downward Wednesday by 818,000 — a significant revision...
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Fed minutes point to ‘likely’ rate cut coming in September
Federal Reserve officials at their July meeting moved closer to a long-awaited interest rate reduction, but stopped short while indicating that a...
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Peloton to start charging subscribers with used equipment $95 activation fee
Peloton on Thursday said it will start charging new subscribers a one-time $95 activation fee if they bought their hardware on the secondary...
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Philadelphia Fed President Patrick Harker advocates for interest rate cut in September
Philadelphia Federal Reserve President Patrick Harker on Thursday provided a strong endorsement to an interest rate cut on the way...
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July home sales break a four-month losing streak as supply rises nearly 20% over last year
Closed sales of previously owned homes rose 1.3% in July compared with June to a seasonally adjusted, annualized rate of...
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Walz’s family relied on Social Security when his father died. Many don’t know kids are eligible for benefits.
Minnesota Gov. Tim Walz accepted the Democratic vice presidential nomination at the Democratic National Convention on Wednesday night. In his speech, Walz...
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