Money

Subaru of America is recalling more than 541,000 Crosstrek, Forester, and Ascent SUVs across the United States due to inaccurate certification labels attached to the vehicles. The recall was announced by the National Highway Traffic Safety Administration this week following…

Twenty-six Meta employees have filed a federal lawsuit alleging the technology company used artificial intelligence systems that disproportionately targeted workers with disabilities, medical conditions, and those on parental leave during massive layoffs earlier this year. The lawsuit, filed Monday in…

U.S. consumer inflation cooled more sharply than expected in June, dropping to an annual rate of 3.5 percent from May’s three-year high of 4.2 percent, according to data released Tuesday by the Bureau of Labor Statistics. The consumer price index…

Kia is issuing a significant new recall for nearly half a million Telluride crossover SUVs due to a fire risk in the front power seat motors, with the company warning owners to park their vehicles outside until repairs are completed.…

The average 30-year U.S. mortgage rate has risen to 6.49%, marking a significant burden for homebuyers as borrowing costs climb and affordability pressures mount across the nation. The rate increase reflects broader economic headwinds that have pushed mortgage costs higher…

PepsiCo reported stronger-than-expected revenue in its second quarter despite significant weakness in North America, where the beverage and snack giant said consumers tightened their budgets due to mounting economic pressures. The company posted net revenue of $24.18 billion for the…

U.S. home prices reached record highs in recent months as the nation’s housing market continues to grapple with persistently elevated mortgage rates and declining sales activity. The contradictory dynamics—soaring prices alongside weak demand—reflect a fundamental supply-and-demand imbalance that shows no…

Initial claims for unemployment benefits fell to 215,000 in the week ending June 27, marking a modest decline that underscores a labor market characterized by historically low layoff rates despite wider economic crosscurrents. The decrease of 1,000 from the previous…

American Airlines, Delta, and United—the nation’s three largest carriers—have fundamentally restructured their business models since the pandemic, prioritizing premium revenue over affordable mass-market travel. The transformation reflects a strategic calculation that extracting higher profits from affluent travelers matters more than…

The U.S. labor market cooled sharply in June, with employers adding just 57,000 jobs—well below economists’ expectations and marking a dramatic slowdown from the previous month’s gains. The data painted a picture of a labor market stuck in neutral, even…

Fewer Americans filed for jobless aid in the week ending June 20, with initial claims falling to 215,000, a decline of 12,000 from the previous week and a better-than-expected result that suggests layoffs remain restrained despite ongoing economic challenges. The…

The U.S. labor market stands at a critical juncture as the nation prepares for Thursday’s closely watched jobs report, which will offer crucial insights into whether hiring is finally accelerating after months of sluggish growth. The June employment data, being…

— Major changes to the federal student loan system are taking effect today, July 1, affecting roughly 43 million American borrowers who collectively owe nearly $1.7 trillion. The overhaul, implemented through President Trump’s Working Families Tax Cuts Act signed into…

Ford Motor Company announced a major safety recall affecting more than 741,000 vehicles in the United States due to a transmission defect that could allow vehicles to roll away even after being shifted into park. The recall impacts certain model…