When Ford introduced the Maverick in 2022, it did something revolutionary. It built a pickup truck normal people could afford. Starting at $19,995, it was not only the cheapest Ford you could buy, but also the least expensive hybrid in America. It was a sensation, largely because buying a new vehicle typically requires a trust fund or the ...Read more

CHARLEVOIX, Michigan — Pocket rocket is my favorite auto segment. From $33,000-$51,000, buyers are served a choice of fun, utilitarian, affordable cars spiced with goodies like turbocharged engines, manual transmissions, all-wheel drive, hatchbacks, summer tires and head-up displays. Rockets like the Honda Civic Si, Subaru WRX, Mazda3 Turbo, ...Read more

Jensen Huang’s resignation from Nvidia has shaken up not only his company but also the booming artificial intelligence industry, which was largely built around his success and leadership.

In a regulatory filing on Thursday, Nvidia said Chief Financial Officer Colette Kress will serve as interim CEO while keeping her finance role until a ...Read more

In March, Santa Clara, California-based Nvidia’s influence on the Bay Area could be seen in the occupied restaurant tables and crowded sidewalks of downtown San Jose. Technology workers wearing green conference badges filled coffee shops and hotels as the chipmaker’s annual gathering brought the AI industry to town.

For a downtown still ...Read more

Widespread outages hit Microsoft customers Thursday, affecting email inboxes, Teams meetings and other services.

Microsoft has not given a time frame for when it expects normal services to resume and has been providing updates through its Microsoft 365 Status social media account.

Around 9:30 a.m., users began reporting problems with Microsoft...Read more

Family Dollar, the Federal Trade Commission and 17 states — including Pennsylvania — have reached a $63 million settlement over allegations the discount retailer routinely charged customers more at the register than the advertised prices.

The proposed order prohibits Family Dollar from misrepresenting prices of goods and requires the ...Read more

Retail groups sued two federal regulators on Thursday, hoping to revive Illinois’ embattled efforts to ban certain credit card interchange fees, also known as “swipe fees.”

The suits mark the latest turn in a yearslong legal fight between retailers, which want to cut swipe fees, and financial institutions, which have challenged those ...Read more

Donald Trump Jr. is leaving his role as an adviser to Kalshi Inc., ending a role that has created political headaches for the prediction market platform.

The departure comes as Democrats take power in Congress with promises to scrutinize the Trump family’s business ties to prediction markets and the crypto industry.

Trump Jr. has been an ...Read more

The U.S. Postal Service is moving to raise and make permanent its fuel surcharge, which the agency introduced for the first time earlier this year.

The fuel surcharge will increase to 11% from 8% starting in January, the USPS said in a statement Thursday. Certain domestic shipping services also will increase by an average of 5.9%. That ...Read more

Nvidia Corp. Chief Executive Officer Jensen Huang, the preeminent face of the AI infrastructure boom, was ousted from his post after reports of three affairs, including one with a woman suspected of spying for China.

Longtime Chief Financial Officer Colette Kress is taking the job of interim CEO, Nvidia said on Thursday, and Huang will no ...Read more

The Ellison Medical Institute — a cancer research center funded by tech mogul Larry Ellison — will cut a chunk of its staff in a couple of months.

The Los Angeles-based research center, led by its founding chief executive and oncologist, David Agus, plans to permanently lay off 88 employees in January, according to a Worker Adjustment and ...Read more

If there’s one issue on which most voters agreed this election period, it’s the need to fix Social Security before potential cuts take place in 2032. It’s a concern that transcends political affiliations and age groups.

So did this election create the opening to solve the problem of Social Security “running out” of money in the next ...Read more

Nvidia Corp. Chief Executive Officer Jensen Huang, the preeminent face of the AI infrastructure boom, was ousted from his post after reports of three affairs, including one with a woman suspected of spying for China.

Longtime Chief Financial Officer Colette Kress is taking the job of interim CEO, Nvidia said on Thursday, and Huang will no ...Read more

Q: We are buying a home we plan to live in for a long time. After the down payment and closing costs, we will still have some cash left over. Our lender mentioned we could “buy down” our interest rate by paying points. Is that worth it, or should we hold on to the money? — Robert

A: For buyers in your situation, paying points to lower ...Read more

Nvidia Corp. Chief Executive Officer Jensen Huang, the preeminent face of the AI infrastructure boom, was ousted from his post after reports of two affairs, including one with a woman suspected of spying for China.

Longtime Chief Financial Officer Colette Kress is taking the job of interim CEO, Nvidia said on Thursday, and Huang will no longer ...Read more

U.S. previously owned home sales fell last month to a 16-year low as a cascade of negative news on mortgage rates and inflation deterred would-be buyers.

Contract closings in October decreased 5.5% to an annualized rate of 3.75 million, according to figures released Thursday by the National Association of Realtors.

Sales plummeted in the West ...Read more

On a visit to MIT, the science journalist Spencer Klaw found its students and faculty in "a chastened and uncertain mood." Government science funding and hiring had dried up, and the prospects for graduates had dimmed.

Among those he encountered on campus, Klaw detected not merely depression, but anger: These were people who had started their ...Read more

The Kraft Group’s $16 billion proposal to build the country’s fourth largest data center is facing intense pushback from residents in the small Massachusetts town.

The Sutton community showed out in force for the Tuesday night Select Board meeting, showing passionate and often rowdy opposition to the $16.75 billion proposal.

“Kill it now...Read more

IHeartMedia Inc. is exploring the sale of part or potentially all of its podcast business in an effort to raise cash and boost its struggling stock price, according to people familiar with the matter.

The largest U.S. radio station owner has been in discussions with the investment bank Moelis & Co. and some potential investors on a possible ...Read more