In a major move away from electric vehicles, Ford Motor Co. will take a majority of $19.5 billion in special charges in the fourth quarter of 2025 as it restructures its Model e division to be profitable by 2029 and reutilizes EV plants for other applications.

The Dearborn, Michigan, automaker will focus on higher-return products and businesses...Read more

The die is cast, with New York City getting three outer-borough casinos after a pivotal final vote Monday.

In an expected move, the New York State Gaming Commission decided to grant licenses to the single Bronx and two Queens applications during a meeting at Riverbank State Park in Manhattan. The winners are Genting Group’s existing Resorts ...Read more

Roomba maker IRobot filed for bankruptcy and will go private after being acquired by its Chinese supplier Picea Robotics.

Founded 35 years ago, the Massachusetts company pioneered the development of home vacuum robots and grew to become one of the most recognizable American consumer brands.

Over the years, it lost ground to Chinese competitors...Read more

Jeep's popular plug-in hybrids have been hit with multiple serious recalls in recent months, and owners — a loyal group who often trade tips and photos of their rigs online — are getting increasingly fed up.

First came an over-the-air software update glitch in mid-October that led to many Wrangler 4xe drivers suddenly losing power on the ...Read more

Most Americans feel uncomfortable with their emergency savings — and for good reason. According to Bankrate’s latest research, building a financial cushion feels impossible when you’re drowning in forgotten subscriptions, overpaying for everything and manually tracking expenses that slip through the cracks.

AI-powered finance apps solve ...Read more

The Federal Reserve lowered interest rates again at its final meeting of the year, signaling that Chair Jerome Powell was able to guide his deeply divided committee toward a consensus over how to manage an economy suffering from both higher inflation and unemployment.

The Federal Open Market Committee (FOMC) in December reduced its benchmark ...Read more

Private health insurance premiums will be going up in 2026 — in some cases, by a lot.

Congressional Democrats and Republicans remain deadlocked on health care reform, following disagreements over America’s health insurance marketplace that contributed to November’s government shutdown. At the heart of the issue is the extension of the ...Read more

More than a decade after introducing in-flight Wi-Fi, airlines are turning to the next wave of sky-high connectivity.

Airlines are tapping into satellite technology to make in-flight internet faster, harnessing the power of low Earth orbit satellites from Elon Musk’s Starlink and Amazon’s Project Kuiper, now officially called Leo.

Several ...Read more

President Donald Trump’s $100,000 price tag for new H-1B workers hired from outside the U.S. will have punishing effects for the IT outsourcing and staffing industries that have long been a target of both parties.

The fee is the biggest restriction the Trump administration has imposed so far on employment of skilled foreign workers.

A ...Read more

Dealmakers are heading into the final weeks of 2025 on a $100 billion cliffhanger.

Paramount Skydance Corp.’s hostile bid to snatch Warner Bros. Discovery Inc. from under the nose of Netflix Inc. encapsulates the themes that have shaped a banner year for mergers and acquisitions: renewed desire for transformative tie-ups, massive checks from ...Read more

LOS ANGELES — The sale of Warner Bros. — whether in pieces to Netflix or in its entirety to Paramount — is stirring mounting worries among Hollywood union leaders about the possible fallout for their members.

Unions representing writers, directors, actors and crew workers have voiced growing concerns that further consolidation in the ...Read more

President Donald Trump wants a very different kind of CNN if the cable news channel's parent Warner Bros. Discovery changes hands.

As details emerge in the battle between Netflix and Paramount over control of the historic movie studio and its streaming and TV assets, Trump has made it clear he wants new ownership and leadership at the network ...Read more

Even if Paramount Skydance Corp. manages to take over Warner Bros. Discovery Inc. against the company’s will, it faces another high hurdle: coping with the colossal $54 billion of debt it’s planning to take on.

Paramount has a temporary financing package in place for the combined company, but it hasn’t locked in a maximum rate on more ...Read more

ORLANDO, Florida — As the Stardust Racers roller coaster sped downward in the first descent of a mid-September ride, Kevin Rodriguez Zavala was flung forward, his head slamming into the seat in front of him repeatedly. Blood from his wounds splattered his girlfriend, who tried to hold him back while screaming for help.

Dr. Anna Marshall, a ...Read more

DETROIT — Marie Shoulders of Detroit has a penny purse, a penny jar and a small penny pouch.

As a self-confessed penny hoarder, she wasn't surprised to hear about the scarcity of the reddish-brown copper-and-zinc coins.

"The pennies are short because people have them at home in they drawers, purses and everywhere. I keep them. ... There's ...Read more

President Donald Trump said that Kevin Hassett and Kevin Warsh are his top choices to lead the U.S. Federal Reserve and that he expects the next chair of the central bank to consult with him on interest rates.

Trump, in an interview with the Wall Street Journal on Friday, indicated that Warsh, a former Fed governor, has climbed up the short ...Read more

Netflix recently agreed to buy Warner Bros. Discovery for $72 billion, which would create an entertainment juggernaut — and kicked off a fair share of criticism.

The deal would mean the streamer would own some of the biggest franchises in the world: DC Comics, “Game of Thrones,” “Harry Potter,” “Looney Tunes” and more.

Critics ...Read more

Car shoppers had plenty of choices in 2025 as auto grocery shelves were teeming with goodies. If the food market has ice cream, beverage, fruit, and meat aisles, then auto stores offer trucks, SUVs, small cars and EVs.

There’s something for everyone at every price point (well, unless you wanted sub-$20K subcompacts).

We here at The Detroit ...Read more

Chatty bots are sharing their hot takes through hundreds of thousands of AI-generated podcasts. And the invasion has just begun.

Though their banter can be a bit banal, the AI podcasters' confidence and research are now arguably better than most people's.

"We've just begun to cross the threshold of voice AI being pretty much indistinguishable ...Read more

WASHINGTON — The nation's top automotive lobbying group urged lawmakers Thursday to keep Chinese automakers and battery firms out of the United States.

"The Alliance for Automotive Innovation urges Congress and the Trump Administration to prevent Chinese government-backed auto and advanced battery manufacturers from gaining entry to ...Read more