Ferrari’s first electric vehicle met with market skepticism
The Italian automaker unveiled the all-new Luce EV on Monday.
Business
Airline miles may not go as far as the Iran war drives up fuel costs and summer fares
Flights already are more expensive during the summer since there’s more demand.
Lilly goes on $20 billion buying spree as company seeks next act
There could be much more to come.
The cheapest new cars for 2026
Edmunds reports on the latest automotive trends, highlighting new models, technology advancements, and industry insights.
Supreme Court rejects Meta’s appeal in Vermont social media addiction case
Lawsuit alleges Meta knowingly designed addictive features that harm young users.
Massachusetts Uber, Lyft drivers certify first statewide ride-hailing union amid automation fears
It's a milestone in the growing effort to organize gig-economy workers.
PayPal’s online checkout empire is under siege as rivals squeeze its core business
PayPal's stock has plummeted nearly 40% in past 12 months and about 80% over five...
Democrats feud over stock trading as they sharpen anti-corruption case against Trump
Congress has yet to enact a stock trading ban for its members.
As US stock market hits new highs, 2 of 3 Americans are cutting back on spending, survey shows
Spikes in gas prices as well as higher food costs have worsened inflation.
Millions can’t cover an emergency expense. Here’s how to handle one
Nearly 6 in 10 adults had a major, unexpected expense in the past year.
Congressional Black Caucus presses companies in the US to oppose Republican redistricting push
Lawmakers describe is as “coordinated efforts to silence Black voices at the ballot box.”
Another surge for Micron, Wall Street’s latest $1 trillion company, sends US stocks to records
The gains came even though fighting continued in the Middle East.
Oil giant BP ousts new chairman over ‘conduct’ and shares slide
Albert Manifold was appointed to the position just last year.
Is the ‘trinket trend’ taking over your house (and your wallet)?
Gen Z is a major force behind the trinket trend.
America In Focus: mortgage rate rises while Wall Street looks to continue its winning ways
Trips to the grocery store or gas station are more painful than they were last...
Warsh is sworn in as the Fed chair after Trump’s bid for greater control over the independent bank
It was unusual the ceremony didn't take place at the Fed's headquarters.
Chinese fast-fashion juggernaut Shein to buy eco-friendly Everlane in an unlikely fit
Everlane, based in San Francisco, didn't disclose a purchase price.
A deal that could have put Clinique, Charlotte Tilbury and Jean Paul Gaultier under one roof is off
Shares of Estee Lauder jumped more than 12% in early trading Friday.
SpaceX tries to launch a bigger version of Starship but hits a series of last-minute problems
If the problem can be fixed quickly, another launch attempt will be made Friday.
Are you doom spending? 5 ways to stop
Know the signs, set spending limits and limit one-click purchases.
Wall Street keeps rising, even as US households keep getting more discouraged
Oil prices were calmer Friday following yo-yo moves earlier in the week.
AI-written books at Barnes & Noble? CEO clarifies statement that stirred calls for boycott
The controversy stems from CEO James Daunt’s Monday appearance on “Today” with Jenna Bush Hager.
SEC chief Atkins pumps the brakes on prediction-market funds
The agency is weighing how far the $15 trillion ETF wrapper can stretch.
With gold near $5,000 an ounce, Americans empty their attics, and buyers hire to keep up
Precious metals buyers say higher prices have enticed more Americans to cash out.
Home buyers hammered as war-fueled bond rout drives rates higher
The era of ultra-cheap mortgages that reshaped American housing shows no signs of coming back.
Buying a condo just got harder for many, thanks to Fannie Mae policies
The mortgage enterprise recently increased the required due diligence for condo loans.
Air France flight to US diverted to Montreal due to Ebola travel restrictions
Passenger from the Congo boarded a flight in Paris “in error” amid flight restriction.
Ohio data center tax break cost $1.4 billion more than expected in 2025
Republican lawmakers established the tax exemption in 2010s to lure technology companies.
Supreme Court sides with US company in claims over property seized in Cuban revolution
It comes amid heightened pressure on Cuba from President Donald Trump's administration.
Average US long-term mortgage rate climbs to 6.51%, highest level in nearly nine months
It’s now at its highest level since August 28, when it was 6.56%.
Companies join a deep-sea mining rush after Trump executive order, as regulators fast-track permits
At least nine companies are in talks with the government for access to seabed minerals.
Memorial Day: Higher fuel prices have some Americans scaling back their travel plans
Some travelers are opting for shorter getaways and low-cost activities.
Congressional committee asks telecoms to do more to prevent scams as losses surge
It’s not the first time Washington has tried to tackle robocalls.
Why 2026 is the year to rethink your college savings strategy
The education landscape is constantly shifting.
US stocks edge higher following the latest U-turn for oil prices
A halt in the torrid run for stocks benefiting from the AI boom has slowed...
US jobless aid filings fell to 209,000 last week as layoffs remain low despite economic uncertainty
The four-week moving average of jobless claims inched down by 1,500 to 202,500.
Walmart wins over broader swath of consumers, but global uncertainty clouds outlook for retailers
Traffic at Walmart can be a barometer of consumer spending given its vast customer base.
2026 Lexus TX550h+ shines bright for upscale consumers
The Lexus TX was a pleasure on wheels – easily a win for consumers and...
SpaceX reveals plans for what could be the biggest-ever initial public offering
The initial public offering is expected to rank among the largest ever.
Kansas farmers hit hard by weather extremes and growing costs, wheat crop could be worst since 1972
Farmers are now debating if it is worth continuing with the wheat crop.
Single Gen Z women outpace Gen Z men to homeownership despite overall decline in first-time buyers
Single Gen Z women accounted for 35% of all homebuyers in their generation.
George Soros’ foundations pledge $300M for US democracy amid attacks on nonprofits
The new strategy comes as the Trump administration has lashed out at the Soros family.
‘K-shaped’ economy is giving way to an ‘E-shaped’ divide
Middle-income Americans are pulling back, splitting from the top earners.
EU overcomes fierce internal debate to agree on tariff deal with the US
The agreement follows intense debates among the EU's 27 nations.
US stocks rally after pressure eases from the bond market and oil prices fall
The other main lever that helps set stock prices, interest rates, also gave some relief.
Target books strongest sales growth in 4 years with customers buying into refreshed lineup
Target is one of the first major retailers to report financial results for February through...
SEC to ready plan for trading crypto versions of stocks
Tokenization of real world assets has become one of the hottest trends in crypto.
Google announces slew of AI advances, including a personal AI assistant coming soon
Gemini Spark is Google's latest big bet in AI technology.
Online retailer Shein to acquire San Francisco-based Everlane
Shein will buy Everlane from majority owner L Catterton for $100 million.
Appeals court judges appear to be divided over Pentagon’s legal dispute with AI company Anthropic
Anthropic claims the Pentagon is illegally retaliating against it.
A de-extinction company has hatched live chicks from an artificial eggshell
Twenty-six baby chickens were born from a 3D printed lattice structure.
Trump bought stock in drugmaker as his government boosted its obesity drugs
Several Trump administration initiatives ultimately benefited Eli Lilly.
The market powerful enough to sway stocks and Trump is rumbling again
The bond market is making noise again.
OpenAI avoided a costly court loss to Elon Musk, but neither side is unscathed
Musk had been seeking the ouster of his fellow OpenAI co-founder, CEO Sam Altman.
Years before UPS plane crash, 10 similar flaws were recorded. NTSB says no one raised an alarm
The crash killed three pilots on the plane and 12 people on the ground.
Do these four things before buying a hybrid in 2026
Many don’t cost much more than their non-hybrid counterparts.
US stocks fall further from their records after bond markets crank up the pressure
Tech stocks are slowing following huge runs made because of AI.
Home Depot profit falls, but it tops expectations in the face of growing economic uncertainty
The housing market has been static as Americans wrestle with rising costs.
Snap, YouTube settle school-social media suit ahead of trial
The settlements are the latest in a busy year for child safety-related litigation.
Police break out tear gas to control crowds clamoring for new Swatch drop
The pocket watch launched only in retail stores and was not available online.
Demand for cruises appears undimmed despite hantavirus and other onboard outbreaks
Veteran cruisegoers said the outbreak would not affect their plans.
Gas surges past $4 a gallon while tomato and beef prices notch new records. A look at rising costs amid the Iran war
Data shows grocery staples trending upward, electric costs at all-time highs and gas prices rising.
As enrollment falls, old schools find new life as apartments
The 74 reports that old schools in Atlanta are being converted to apartments as enrollment...
Federal court rejects Elon Musk’s claims against OpenAI, saying he filed his lawsuit too late
Musk accused OpenAI of shifting into a moneymaking mode behind his back.
Pope and co-founder of Anthropic to launch pontiff’s AI encyclical on May 25
The document, titled "Magnifica Humanitas," focuses on human dignity in the AI era.
NextEra, Dominion want to create a massive power company as AI drives energy demand in the US
It is one of the biggest proposed mergers so far this year.
Summer travelers who relied on Spirit Airlines may struggle to find budget alternatives
Rising jet fuel costs tied to Iran war have pushed up airfares and associated fees.
How to save on summer travel based on latest trends report
The week for the best value for flights is the week of Aug. 10.
Supreme Court rejects appeals from drug manufacturers over Medicare price negotiations
The negotiation program was created as part of the 2022 Inflation Reduction Act.
Oil prices keep swinging, and so do stocks worldwide
Hopes remain that the US and Iran can reach a deal that would get oil...
These are Edmunds’ top used SUVs under $20,000 for teen drivers
Five choices earn top safety ratings and offer modern driver assistance technologies.
Berkshire Hathaway triples Alphabet stake and invests in Delta and Macy’s under new CEO
Greg Abel appears to be more comfortable investing in tech companies than his predecessor.
UnitedHealth tracks workers’ AI use in push to transform company
AI is central to UnitedHealth’s plan to rebuild confidence after profits collapsed last year.
Hackers armed with AI stoke fears for $130 billion crypto sector
AI in criminal hands would mark a sharp escalation of the threat facing crypto.
Tech CEOs summoned to Congress for another hearing on social media’s risks for children
It comes as court cases, proposed legislation increase pressure on tech companies to safeguard children.
Starbucks to lay off 300 US corporate workers and close regional offices
No coffeehouse employees are affected.
Trump says China agreed to buy 200 Boeing planes and signaled interest in as many as 750
Order would represent Boeing’s first major sale to China in nearly a decade.
Iran war energy shock drives interest in ethanol and other biofuels across hard-hit Asia
Most fossil fuel shipments through the now-closed Strait of Hormuz were Asia-bound.
Powell’s tenure as Fed chair marked by fight for independence while trying to tame inflation
Jerome Powell concludes eight years as Fed chair, leaving a transformed U.S. economy.
Summer spending was sneaking up on me — until I did this
Summer is an expensive time.
Stock markets worldwide drop from records as worries about oil prices rattle the bond market
Oil prices continued rising as the war with Iran drags on.
Costco customers warned: Don’t wear those fancy socks
They use a rechargeable battery pack that powers a heating pad at the ball of...
Jury awards $49.5M to the family of a woman killed in 2019 Boeing Max crash
It is the second jury verdict tied to the crash.
Gamers, developers protest Saudi Arabia’s bid to acquire Electronic Arts
The all-cash acquisition could be the largest buyout of a publicly traded company to date.
Taylor Swift, lawsuits and quirky exemptions: How empty homes tax works in other cities
Vacancy home taxes often face legal and political opposition.
From Cisco to Block, more companies are pointing to AI when unveiling job cuts
Many fear what the rapid adoption of AI will mean for their job prospects.
Waymo recalls thousands of its driverless cars after some failed to avoid flooded roads
A software defect caused vehicles to drive into flooded roadways.
In an era when workers are returning to offices, here’s how Dropbox is making remote jobs work
Dropbox has no plans to return its workers to offices.
Lawyers for Elon Musk and OpenAI make their final case in a trial that could shape AI’s future
One of the jury’s tasks is to decide if Musk filed his lawsuit in time.
Average US long-term mortgage rate eases to 6.36% in first drop after two straight weekly increases
One year ago, the rate averaged 6.81%.
Some parents don’t want their kids to use tech at school. But districts are pushing back
States and districts are now responding with new laws to limit device use.
Who is incoming Fed chair Kevin Warsh?
Warsh takes over a divided central bank wrestling with the fallout from the Iran war.
Over 60? These 4 financial moves might offer your best ‘return’ on investment
Consider these four spending strategies with a positive psychological payoff.
Cisco leads Wall Street to more records and the Dow back to 50,000
Whether consumers will keep spending is a big question for Wall Street.
Retail sales growth slowed in April from March as higher gas cost leaves less room for nonessentials
Excluding gas prices, retail sales were up 0.3% in April.
US filings for jobless benefits hits 211,000 as the war in Iran drags on, clouding economic forecast
The four-week moving average of jobless claims inched up by 750 to 203,750.
Refreshed 2026 VW Tiguan finally checks all marks
This week, the new and improved 2026 VW Tiguan SEL R-Line Turbo enters Grasso's Garage....
Allegiant Air and Sun Country complete merger, creating larger budget airline for travelers
The deal comes as the industry faces rising jet fuel costs from the Iran war.
Some Japanese snack packages are turning black-and-white as Iran war depletes ink supply
The new packaging just has monochrome lettering.
Summer travel 2026 will be most expensive in years as airlines aren’t backing off high prices
Summer 2026 will be one of the most costly for consumers in a long time.