New government data showed prices notching a monthly decline for the first time since April 2020, adding to an improving picture on inflation as the new year looms. The Personal Consumption Expenditures Price Index (PCE),…
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Business
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Business
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 million pickup trucks to cheat emissions tests. It’s the largest civil fine ever levied under…
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Tesla is recalling more than 120,000 vehicles over doors that fail to comply with U.S. government regulations. In a letter posted on the National Highway Traffic Safety Administration’s website Thursday, Tesla acknowledged the affected doors…
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Honda is recalling more than 2.5 million vehicles over potentially faulty fuel pumps. In documents posted on the National Highway Traffic Safety Administration’s website, Honda said affected models include 2018 through 2020 editions of some…
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Honda is recalling about 106,000 CR-V hybrid sport-utility vehicles for model years 2020 through 2022. At issue is a 12-volt battery cable that may be missing a fuse, potentially causing the cable to short-circuit or…
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Less than one-sixth of homes listed in the U.S. between January and November were affordable for a typical household, according to Redfin. The real estate brokerage says 352,500 homes, or 15.5% of the total that…
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Ikea warned of delays on some products due to the mass diversion of shipping containers from the Red Sea over safety concerns. “The situation in the Suez Canal will result in delays and may cause…
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Americans are heading into 2024 more optimistic about the health of the economy than they have been in months. The Conference Board reported Wednesday that its Consumer Confidence Index, a measure of how Americans feel…
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The Federal Trade Commission said Wednesday that Rite Aid secretly used facial recognition on customers for nearly a decade and wrongfully accused many of shoplifting. The FTC said Black and Asian customers were more likely…
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Business
Honda recalls thousands of Honda CR-V hybrids over electrical issue that could lead to fires
Honda is recalling about 106,000 CR-V hybrid sport-utility vehicles for model years 2020 through 2022. At issue is a 12-volt battery cable that may be missing a fuse, potentially causing the cable to short-circuit or…