All Economy
- First LookGeneral Motors says it will invest $1 billion in US factoriesThe Detroit automaker said that it will create or keep 7,000 jobs, including 5,000 new positions in auto-financing and technology development.
- First LookTobacco companies announce $49-billion merger – will others follow?British American Tobacco is set to take over Reynolds American, Inc., creating the world's biggest listed tobacco company.
- Trump threatens German automakers with 35 percent tariffIn an interview with German newspaper Bild published Monday, the president-elect said that he warned would impose a border tax of 35 percent on vehicles imported to the US market.
- Emissions cheating goes global: France and Britain also investigating automakersWith US headlines about the latest on emissions cheating from Volkswagen, and now an investigation of Fiat Chrysler, the past week has not been a great one for diesel cars. Now, two automakers are subject to diesel investigations in Europe.
- Once a retail innovator, American Apparel begins winding downKnown for its provocative ads and its commitment to keeping its manufacturing operations in the United States, the now-bankrupt retailer American Apparel says that it has started to lay off its staff.
- How a new campaign seeks to ensure a future for cocoa production in Ghana, a chocolate epicenterGhana is the second largest producer and exporter of cocoa beans, after Côte d’Ivoire. One campaign wants to make sure that cacao farming remains a productive source of income for Ghanaian farmers, and of tasty treats for chocolate lovers, long into the future.Â
- First LookOxfam: World's eight richest people have same wealth as poorest halfA report from the antipoverty nonprofit Oxfam found that just eight people, all men, possess as much wealth as the poorest half of the world's population.
- First LookMartin Luther King's son aims to bridge divide between Trump, LewisPresident-elect Donald Trump told the son of the slain civil rights leader that he intends to represent all Americans.
- Turned away by traditional refinance lenders? Here's how federal lending programs can help.Two new federal refinance options are meant for borrowers with high loan-to-value ratios.
- First LookGerman auto stocks slip as Trump threatens tariffsIn a Sunday interview, Donald Trump threatened to impose a 35 percent tariff on imported cars, criticizing German automakers for not making more of their vehicles in the United States.
- Home equity line of credit rates to rise; here's what to do.With one increase in each of the past two Decembers, and with a Fed plan to raise rates three more times this year, it’s pretty clear: Your home equity line of credit rate is likely heading higher.Â
- The forces that drive the price of a bouquet of roses (and the best time to order one for Valentine's Day)We decided to do an experiment: We found a bouquet of a dozen red roses at five different online florists and tracked the price every week for a year. Here's what we found.
- Are money-market savings accounts worth it?Money-market accounts, which promise a more lucrative home for money you don’t need to access on a regular basis, come with significant caveats and limitations that make them a dubious choice for most consumers.
- How organic farming is helping black farmers come back to the landBlack-owned farmland is experiencing a resurgence. Organic and sustainable farming are methods driving that change, but persistent obstacles remain a burden to those trying to break into new markets.
- Lockheed CEO pledges to cut cost of F-35, create 1,800 jobsOn Friday the CEO of Lockheed Martin announced the company's intention to lower the cost of the F-35 Lighting aircraft and to create 1,800 jobs in Texas.
- Ringling Bros. shuts down: Is this the end of an entertainment era?'The Greatest Show on Earth' announced that the circus will perform for the last time in May, bringing more than a century of entertainment to a close.
- Here's what it will cost to charge Tesla cars at company's Supercharger stations?Tesla said in November that it would end free unlimited use of its Supercharger DC fast-charging stations. Now the company is offering more details on Supercharger pricing.
- Why January Is the best time to buy a homeWhile winter homebuyers generally encounter lower inventory, they have the advantage of less competition.
- Fiat Chrysler latest target of investigation over alleged emissions cheatingThe carmaker faces a criminal investigation over the Environmental Protection Agency's claim that diesel engines in Jeep Grand Cherokees and Ram 1500 pickups violated the Clean Air Act.Â
- How laddering your certificates of deposit could pay offBy dividing your funds into several CDs of staggered lengths, as opposed to a single long-term CD, you ensure that a portion of your investment becomes accessible on a regular basis, either to use or to reinvest.