School districts in several states are facing mandates to incorporate electric buses into their school bus fleets, with the EVs bringing with them different operating costs and posing new challenges. Several states, including New York and California, have implemented requirements that school districts buy zero-emission school buses with their new purchases.…
Cruise lines are facing headwinds as rising oil prices push their fuel costs higher amid the Iran war, as analysts are warning that Carnival could see the biggest hit to its 2026 profit. Oil prices have risen over 35% since the war with Iran began amid attacks on oil and transportation facilities…
Honda announced a $15.7 billion writedown of its electric vehicle (EV) business last week as the company shifts its U.S. strategy to account for weak consumer demand for EVs. The second-largest automaker in Japan said Thursday that it will restructure its EV business and cancel three planned battery-powered EV models that…
Union leaders representing Transportation Security Administration (TSA) workers in Atlanta called on lawmakers Monday to end the Department of Homeland Security (DHS) shutdown, saying the stalemate has crippled its members financially as they continue to work without being paid. Aaron Barker, the president of AMG local 554, said the union’s…
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Papa John’s International is reportedly reviewing a new proposal to take the company private in a potential $1.5 billion acquisition,…
The Internal Revenue Service has doled out millions of tax refunds amid the ongoing 2025 tax filing season. More than…
There’s good news for potential homebuyers: mortgage rates continued to trend down this week. In January, rates hit 7.04%, the…
Annual inflation increased to 2.8% in February, an unexpected decline from 3.0% in January, according to the Consumer Price Index (CPI)…
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This is a developing story about the second reading of fourth-quarter gross domestic product growth. Please check back for updates. The U.S. economy grew at a slower rate than previously thought in the fourth quarter after the Commerce Department released its first revision of real gross…
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A nationwide recall has been issued for a baby fruit purée after federal testing found elevated levels of patulin, a toxin that can pose health risks with prolonged exposure. Initiative Foods announced Friday that it is recalling one lot of its “Tippy Toes” Apple Pear Banana Fruit purée following the…
Americans who live alone are paying a five-figure “singles tax” amid rising rents around the nation, a new analysis finds. Data from Zillow shows that the typical apartment rent is currently $1,745 and has risen 30% over the last five years, which represents a significant burden for renters who live alone…
Americans are getting some relief from lower gasoline prices, which the latest inflation data from the Labor Department shows have declined substantially over the last year. The Bureau of Labor Statistics on Friday released the consumer price index (CPI) for January, which showed headline inflation was up 2.4% from a year ago,…
SpaceX and NASA launched a new crew Friday to the International Space Station, nearly one month after prior crew members were evacuated following a medical emergency in orbit. NASA said the SpaceX Crew-12 mission lifted off at 5:15 a.m. from the Cape Canaveral Space Force Station in Florida. “The spacecraft will…
This story on the January 2026 CPI inflation report is developing and will be updated with more details. Inflation remained elevated in January as the pace of consumer price growth stayed above the Federal Reserve’s target rate as policymakers weigh affordability concerns.The Bureau of Labor Statistics on Friday said that…
Spirit Airlines reached a deal to sell 20 of its Airbus jetliners and is recalling some of the flight attendants who were furloughed late last year amid the budget carrier’s financial struggles. Spirit is in the midst of going through its second bankruptcy in under two years, after it previously filed…
Mortgage rates inched lower this week, mortgage buyer Freddie Mac said Thursday. Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed the average rate on the benchmark 30-year fixed mortgage slipped to 6.09% from last week’s reading of 6.11%. The average rate on a 30-year loan was 6.87% a year…
Billionaire investor and hedge fund manager Bill Ackman is making a big gamble on the future of Mark Zuckerberg and his Meta platforms. Ackman has allegedly committed an estimated $2 billion to Meta, representing a sizable 10% of Pershing Square’s total portfolio, The Wall Street Journal reported. The move is…
A Georgia-based gun accessory company will pay $1.75 million in restitution to victims’ families, injured individuals and traumatized survivors of the 2022 mass shooting at a Buffalo supermarket and permanently stop selling a controversial magazine lock in New York under a settlement announced Wednesday. Mean LLC, commonly known as Mean…
Ford on Tuesday posted its largest quarterly loss since 2008 amid losses in the automaker’s electric vehicle (EV) division, as well as the impact of tariffs and a fire that impacted an aluminum supplier. The Detroit automaker reported a fourth quarter net loss of $11.1 billion after previously disclosing large…
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