All Economy
Self-driving cars could cut vehicle ownership in halfGoogle plans to start testing its fully-autonomous car prototype this summer, while automakers continue to develop their own technology. However, one analyst from Barclays predicts there will be a big drop in vehicle ownership rates and auto sales.
Five banks to pay almost $6 billion in fines for rate riggingFinancial institutions in both the United States and Britain, including JPMorgan Chase and Royal Bank of Scotland, are part of this settlement.
McDonald's workers continue 'Fight for 15' protests at shareholder's meetingMcDonald's workers will protest at the fast food company's annual shareholder meeting to call on executives to raise wages for employees at company-owned and franchise-owned restaurants. The protest comes on the heel of the "Fight for $15" movement's recent success.
Carl's Jr. debuts Most American Thickburger, breaks $5 price ceilingToday Carl's Jr. its Most American Thickburger, a burger that is not only caloric, but also pricy at $5.79 compared to its other selections. What does this mean for the future of burger prices?- Target's turnaround plan is off to a good startTarget聽reported a nearly 52 percent increase in its first-quarter profit on strong sales of fashion and baby items, evidence that its efforts to turn around its business are paying off. Is the retailer leaving a tumultuous few years behind?聽
Cadillac CTS: Smooth ride, but smaller than Hyundai GenesisThe Cadillac CTS and Hyundai Genesis have different features that make both models good choices. Which is right for you?- Takata airbag recall, long-delayed, is now the largest in historyTakata has expanded its initial airbag recall to include 34 million vehicles in the United States.聽It鈥檚 now not only the largest automotive recall ever, but one of the largest-ever consumer-product recalls.
Los Angeles City Council votes for $15 minimum wageLos聽Angeles聽has 700,000 people earning minimum wage and one of the highest housing costs in the nation.聽The vote sends the measure to the city attorney to prepare a wage ordinance.聽
How to find a mattress in 10 minutesIt is possible to find and purchase a great mattress in 10 minutes. How? Look at what is wrong with your current mattress and research online before heading out to stores.聽- Cancer charities defrauded donors out of $187 million, feds sayThe FTC says operators of four major cancer charities, including Cancer Fund of America, used millions in donations to pay for big salaries, vacations, college tuition, and even memberships in dating websites. How can donors make sure their money (really) goes to good causes?聽
Germany tests 'eco lanes' to encourage carpoolingGermany is testing specific carpool lanes for electric cars, plug-in hybrids, and any vehicle that meets the latest Euro 6 emissions regulations. How effective will these 'eco lanes' be?
Takata agrees to recall 33.8 million air bag partsAir bag maker Takata Corp. has agreed to declare 33.8 million air bag parts defective, making it the biggest auto recall in US history. The announcement doubles the number of vehicles recalled in the US so far.
What to expect from Memorial Day salesMemorial Day is just around the corner, which means that Memorial Day sales are here. Prepare to bring coupons to maximize your savings and look for sales on tablets and TVs.- Starbucks and Spotify team up to let baristas play DJStarbucks and Spotify are collaborating to bring Spotify's music-streaming service into Starbucks' 7,000 US locations starting this fall. The news comes two months after the coffee chain stopped selling CDs.
- Housing starts surge in April to fastest pace since 2007Housing starts increased 20.2 percent to a seasonally adjusted annual rate of 1.14 million homes in April 鈥 the fastest pace in nearly seven-and-a-half years, according to the Commerce Department.聽
Small businesses to Republicans: Don't cut corporate taxesSmall businesses owners have long joined with big corporations to back certain Republican candidates. But now they're breaking rank and telling聽congressional Republicans not to make the deal at the very top of big businesses鈥 wish list 鈥 a cut in corporate tax rates. 聽- Will Tesla's home battery save you money? Find out with this calculator.The Tesla Powerwall battery allows homes and businesses to make greater use of renewable resources like solar and wind. Now,聽North American residents can now explore whether Powerwall is a good investment for them.
Eight household items that are worth the splurgeYou may want to save where you can on mattresses and kitchen appliances, but you may be better off splurging. Find out what items homeowners should never skimp on and the reasons behind dumping their cheaper counterparts.- With gas prices low, what are Americans spending on instead?Gas prices tumbled to rarely seen lows in late 2014 and early 2015, leaving many Americans with a little more pocket money than usual 鈥 money that didn鈥檛 go to a new pair of designer shoes or paying down student debt.聽
Whole Foods to open cheaper grocery store chain in 2016Whole Foods will open a grocery store chain with lower prices and a limited selection of products in 2016. The company's plans may be a response to critics calling Whole Foods out on its mile-high prices.聽
