There are plenty of reasons not to buy an electric vehicle in 2024: Auto loan rates are high. Despite a recent wave of discounting, many EVs remain pricier than gas-burning cars. And an incomplete network…
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Business
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Consumers who got a taste of higher-end amenities during the last couple years’ travel boom aren’t too keen to go back to basic economy, and the travel industry doesn’t want them to. “If ‘revenge travel’…
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Business
As ‘Dry January’ becomes more popular, some express sticker shock at the price of mocktails
The hottest trend in drinking remains not drinking alcohol at all. A recent Morning Consult poll shows 21% of drinking-age U.S. adults said they were participating in some form of reduced alcohol consumption for this…
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The IRS announced Friday that it has recently collected more than half a billion dollars from millionaire Americans who owed tax debt. The agency credited the passage of the Inflation Reduction Act for its stepped-up…
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Citigroup said it was cutting 10% of its workforce in a bid to help boost the embattled bank’s results and stock price. About 20,000 employees will be let go over the “medium term,” New York-based Citigroup…
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Inflation climbed from 3.1% to 3.4% in December, a sign the Federal Reserve will continue to have to wrestle consumer price growth down to its desired 2% level. Forecasts had been for a reading of…
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Business
Alaska, United flight cancellations continue amid ongoing investigation of Boeing 737 Max 9
Alaska and United airlines announced additional cancellations in the wake of the nationwide grounding of Boeing 737 Max 9 aircraft. In a statement on its website Wednesday, Alaska Airlines said all flights originally scheduled to…
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Business
Americans grow more confident about the economy, even as the Fed’s inflation fight continues
To many consumers, it probably doesn’t feel like a big improvement. But after two years of breakneck inflation that sent the cost of everyday goods and services surging, 2023 experienced a meaningful slowdown in price…
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The IRS announced it will officially begin accepting 2023 tax returns on Monday, Jan. 29. But although official processing won’t begin until that date, the agency said filers should not wait to start working on…
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An error in how the Education Department calculates financial aid threatens to leave some U.S. students with lower subsidy amounts for their secondary schooling this fall. The mistake, first reported in December by The Washington…