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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A federal judge blocked JetBlue Airways’ purchase of budget rival Spirit Airlines, a major win for Biden’s Justice Department, which sued to stop the merger, alleging it would drive up fares for some of the most price-sensitive…
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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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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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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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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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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…