As the cost of bacon and other goods sizzles, more people want to protect their savings from getting burnt to a crisp by inflation.
One simple move, which I wrote about this past summer as well, involves setting aside some money in inflation-protected savings bonds, known as I Bonds.
You're likely going to hear even more about I Bonds come ...Read more
Tesla Inc. has joined the trillion-dollar-valuation club as the member with the lowest revenue.
The electric-vehicle maker’s shares have run past several milestones over the past couple weeks amid a rush of positive news, including reaching a rarefied $1 trillion in market value on Monday. That helped further bolster sentiment among investors...Read more
General Motors is restarting the plant that makes its Chevrolet Bolt electric vehicles for a limited time to strictly make courtesy loaner cars for the 140,000 Bolt owners affected by global recall.
On Tuesday, GM said that starting Monday, it will bring back the 1,000 workers at Orion Assembly in Orion Township, Michigan, to start making 2022 ...Read more
DETROIT — General Motors Co. is partnering with dealers to ramp up the installation of electric vehicle charging stations as it prepares to put more battery-powered cars and trucks on the road.
Through the Dealer Community Charging Program being revealed Tuesday, GM will work with dealers to get up to 40,000 Level 2 chargers installed across ...Read more
In less than 15 years, Americans 65 years old and older will outnumber Americans under 18.
If you’re one of millions rounding the bend toward 65 in the next decade or so, getting up to speed now on Medicare's intricacies will help you avoid costly mistakes. To get you started, here are more nuanced takes on five truisms about Medicare.
All is not rosy in restaurant land. Nationally, 90,000 spots have closed permanently or long term. Locally, employment in food-service and accommodation is down by 33%, and the number of businesses behind on their bills rose by 66%. Sales are slowing, labor and food costs are growing, and winter is on the horizon again as the pandemic plows on. ...Read more
In parts of the country where COVID-19 continues to fill hospitals, a rotating cast of traveling nurses helps keep intensive care units fully staffed. Hospitals have to pay handsomely to get that temporary help, and those higher wages are tempting some staff nurses to hit the road, too.
Nearly two years into the pandemic, there’s some truth ...Read more
U.S. students who experienced the longest school closures during the pandemic will face lower future earnings and are less likely to go to college, a new study shows.
Comparing children from the top quartile of income distribution to those from the bottom quartile, welfare losses are about 0.8 percentage point larger for the poorer children, ...Read more
Times were tough in the heartland in the mid-1980s.
Family farms fell into foreclosure in what was known as the Farm Crisis, and John Deere, the equipment manufacturer, cut thousands of workers. In 1986, UAW-represented John Deere workers launched a strike, while the company reported its first annual loss in 53 years, according to the New York ...Read more
If you’re approaching retirement, chances are you’ve had more than a few job changes. A government report tracking baby boomers (born 1946 to 1964) estimates they hopped jobs an average of 12 times before hitting their mid 50s.
Even if you changed jobs half as much, you likely have a few 401(k) accounts you left behind. ...Read more
A Toronto-based private equity firm has acquired a majority stake in Benzinga, a financial media company headquartered in downtown Detroit whose early backers included Dan Gilbert.
The Beringer Capital deal, announced Monday, is expected to keep Benzinga's operations and key staff in Detroit, according to Benzinga founder and CEO Jason Raznick,...Read more
Wages aren’t keeping up with soaring rents in South Florida, and that’s forcing many renters to make sacrifices and difficult choices between basic necessities and paying their landlords.
While rents in the region have surged an average of 22% higher than last year, income has only risen between 8% and 10%, according to ATTOM Data, a ...Read more
WASHINGTON — Hydrogen may be touted as the low-emission transportation fuel of the future when batteries would be too heavy or expensive, such as aviation and long-haul trucking. But which hydrogen?
Environmental advocates are raising concerns that some forms of hydrogen aren't as clean as they're made out to be. And they say that Congress' ...Read more
Hertz Global Holdings Inc., barely four months out of bankruptcy, placed an order for 100,000 Teslas in the first step of an ambitious plan to electrify its rental-car fleet.
The cars will be delivered over the next 14 months, and Tesla Inc.’s Model 3 sedans will be available to rent at Hertz locations in major U.S. markets and parts of ...Read more
State and local governments picked up the pace of distributing emergency rental assistance funds in September amid a push from the Biden administration to accelerate payments to households.
A program record of $2.8 billion was released last month, bringing the total to $10.7 billion, out of the $46.5 billion appropriated by Congress to prevent ...Read more
Disneyland and neighboring California Adventure Park raised most daily ticket prices Monday and are adopting an even higher price to visit on the most popular days of the year, such as Christmas and New Year's Eve.
Daily ticket prices are jumping 3% to 8%, with standard daily parking rates going up by 20%. The parks last raised ticket prices by...Read more
WEST ALTON, Illinois — In farmland near the banks of the Mississippi River, the state's largest electric utility has stuffed a shipping container full of high-powered computers, in the shadow of one of its coal-fired power plants.
The project, launched quietly this year at Ameren Corp.'s Sioux Energy Center here, is a controversial experiment...Read more
TALLAHASSEE, Fla. — As Florida Gov. Ron DeSantis calls legislators into special session next month, the quiet pushback of the powerful business industry is already being felt.
Although the governor may have declared war on employer vaccine mandates, he has also carefully steered clear of any talk that he will ask legislators to outlaw the ...Read more
Donald Trump’s sagging fortune is suddenly poised to get a massive boost from meme-stock mania.
News this week that the former president’s nascent media enterprise, Trump Media & Technology Group, is planning to go public via a special purpose acquisition company (SPAC) has sent retail investors into a frenzy, even with few details ...Read more
What’s the difference between socialism and communism? How does global warming occur? What’s an economy of scale?
Easily Google-able questions — and parents’ own unhappy recollections of learning that relied on rote memorization — may encourage households to lighten up on the accumulation of knowledge in young minds. “They can ...Read more
- John Deere and Kellogg's workers are on strike. Could that lead to more strikes?
- Carla Fried: Medicare -- what they don't tell you
- Wages lag as rent prices soar, so Florida renters are forced to make sacrifices
- The Restaurant Revitalization Fund was underfunded and oversubscribed. Why didn't it spread the wealth better?
- Worn-out nurses hit the road for better pay, stressing hospital budgets -- and morale