Economy
U.S. bans imports of certain Apple Watches that may infringe on patented pulse readers
The U.S. has officially banned imports of certain Apple Watch models after the Biden administration declined to veto an agency’s...
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Housing, inflation, interest rates and more: What to expect in the 2024 economy
A slowdown — but no recession. That’s the broad consensus for the economy among experts as we head into 2024....
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Americans ramped up spending during the holidays despite some financial anxiety and higher costs
Holiday sales rose this year and spending remained resilient during the shopping season even with Americans wrestling with higher prices...
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Prices finally fell last month after 3.5 years of increases
New government data showed prices notching a monthly decline for the first time since April 2020, adding to an improving...
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U.S. engine maker facing largest Clean Air Act penalty ever over emissions test cheating accusations
Engine manufacturer Cummins Inc. has agreed to pay a $1.675 billion penalty for allegedly installing ‘defeat devices’ on approximately 1...
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Tesla recalls 120,000 vehicles over potentially faulty doors that could open in a crash
Tesla is recalling more than 120,000 vehicles over doors that fail to comply with U.S. government regulations. In a letter...
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Honda recalls more than 2.5 million cars over potential fuel pump issue
Honda is recalling more than 2.5 million vehicles over potentially faulty fuel pumps. In documents posted on the National Highway...
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Nearly all of the homes listed for sale in 2023 were unaffordable
Less than one-sixth of homes listed in the U.S. between January and November were affordable for a typical household, according...
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Ikea says products will be delayed due to Red Sea diversions
Ikea warned of delays on some products due to the mass diversion of shipping containers from the Red Sea over...
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Consumer confidence pops in the last month of a year that dodged recession forecasts
Americans are heading into 2024 more optimistic about the health of the economy than they have been in months. The...
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