The Federal Reserve is about to launch a $600 billion gambit to save swaths of U.S. businesses and tens of millions of jobs threatened by the coronavirus crisis. Wall Street is far from confident the Fed can pull it off.

At issue is the Main Street Lending Program, a high-stakes juggling act whose success likely hinges on multiple factors: ...Read more

Intel Corp., Apple Inc. and Amgen Inc. are among more than a dozen companies supporting Harvard University in a fierce legal battle that could shape the use of race in college admissions for decades to come.

The nation's oldest university is fighting a challenge by Edward Blum, a staunch foe of affirmative action who seeks to stop it from ...Read more

WASHINGTON -- President Donald Trump on Friday signed into law a new version of the small business loan program known as PPP.

The new law, called the Paycheck Protection Program Flexibility Act, reshaped the forgivable loans Congress created in late March as the coronavirus pandemic forced many businesses to shut down and layoff workers.

It ...Read more

WASHINGTON -- The government reported Friday that the unemployment rate dropped to 13.3% last month after soaring to 14.7% in April, an unexpectedly positive turn that suggests the pandemic-induced recession may have hit bottom.

Most analysts had expected the rate would keep rising, perhaps as high as 20%.

But instead employers also added 2.5 ...Read more

America's labor market unexpectedly rebounded in May, signaling the economy is picking up faster than thought from the depths of the damage from the coronavirus pandemic.

Nonfarm payrolls rose by 2.5 million after a 20.7 million tumble the prior month that was the largest in records back to 1939, according to Labor Department data Friday. The ...Read more

A week before Nikola, the electric truck start-up, debuted its shares on the public market, it was time to spin up the hype machine. For some reason its founder and chief executive, Trevor Milton, wanted to talk about how much he loves Tesla.

You'd think he'd count Tesla as a rival, if not an enemy. Each aims to capture the market for long-haul...Read more

2020 Ram 1500 Rebel Crew Cab 4x4 EcoDiesel: Is this even big enough?

Price: $71,305 (up from a base price of $47,990). The engine? $4,995. Sunroof: $1,495. Much more mentioned below, though I don't have room to write about every single item.

Marketer's pitch: Nothing snappy on the Ram website -- just discounts.

Conventional wisdom: Car and ...Read more

Ford Motor Co. will unveil the new Ford Bronco SUV this summer.

The iconic vehicle, which Ford produced from 1966 to 1996, will have its world premiere in July, Ford spokesman Jiyan Cadiz told the Free Press.

Cadiz did not reveal a specific date or location, saying, "We will communicate more details about the premiere as we get closer to the ...Read more

After a flurry of unprecedented actions as the COVID-19 pandemic locked down the U.S. economy, the Federal Reserve has been more characteristically quiet in recent weeks. It may have disappeared from the daily headlines, but the central bank remains central to the recovery in the stock market and beyond.

The Fed launched its economic rescue ...Read more

Q: Our household has three cars for two retired drivers, and with the coronavirus shelter-in-place order, we don't drive them much to recharge their batteries. I try to use a different car every time I go to stores or whatever, just to charge the battery and warm up the engine to circulate the oil. But that may be only once or twice a week. I do...Read more

Q: Do you recommend the installation of an after-market blind-spot sensor? It would go on a 2012 Camry. If so, what are recommended brands and who installs them?

D.A., LeSueur, Minn.

A: If you have an older car, or one that was not equipped with a blind-spot sensor, an aftermarket kit may be the answer. But-- and this is a big but-- they are ...Read more

Elon Musk ended his brief respite from tweeting Thursday when he went on Twitter to say that he thinks its time for Amazon to be broken up.

Musk, who on Monday tweeted that he would be "off Twitter for a while," was back on the social media platform, and mostly responding to messages about the recent successful launch of SpaceX's first manned ...Read more