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News
Mexico launches its own electric car to show it can do more than build for other countries
5+ hour, 10+ min ago (596+ words) The Mexican government has launched its own line of electric vehicles, with technology from China under the hood. Mexico has long been known as a factory floor for the global auto industry, and this status has only grown in recent…...
What to watch for in the next Fed minutes
7+ hour, 8+ min ago (323+ words) The debate over what to do about interest rates continues. And things have changed since the Fed’s last meeting in July. Minutes from the most recent Federal Reserve meeting on interest rates come out Wednesday afternoon. The Fed kept interest…...
Despite a slow alcohol retail market, this Wyoming distillery is expanding
14+ hour, 51+ min ago (161+ words) The family-owned Backwards Distilling Company decided to open a second location in Wyoming this year, despite an uncertain market. Alcohol consumption is on a downward trend, so it makes sense that alcohol sales would also be in decline. However, just…...
Despite headwinds, retailers are expected to post positive earnings
21+ hour, 12+ min ago (444+ words) Target, TJX Companies (parent of TJ Maxx and Marshalls), and Walmart all report earnings this week. After The Home Depot’s report Tuesday morning, the rest of the week’s ‘earnings-palooza’ rolls on for big retailers. Target, TJX Companies (parent of TJ…...
Meatpacking plants close as U.S. cattle herds shrink to a nearly 75-year low
23+ hour, 1+ min ago (432+ words) The closures may turn out to be a problem when the size of the herd bounces back. The cattle herd in the U.S. right now is the smallest it has been since the early 1950s. That's tough on consumers, of course, because…...
Real wage losses are at the root of low consumer sentiment, new paper finds
1+ day, 2+ min ago (305+ words) A new study reaches that conclusion by comparing the U.S. to Belgium, where wages are indexed to inflation by law. The average worker in the U.S. who stayed in their job between 2021 and 2024 saw their wages decline by 9% after inflation, according to…...
A buyer's market? Yes. For those who can afford it.
1+ day, 5+ hour ago (419+ words) The number of people looking to buy a home hit a record low in July. For wealthier buyers, there are deals to be had in many parts of the country. The number of people actively looking to buy a home…...
U.S. businesses offer deals to lure back Canadian tourists
1+ day, 6+ hour ago (645+ words) A year after many Canadians boycotted travel to the U.S., border crossings have risen slightly. In northeastern Vermont, businesses are doing what they can to welcome Canadians back. After President Donald Trump threatened to make Canada the 51st state last year, a…...
Getting weird mail? In Colorado, it could be business fraud
1+ day, 21+ hour ago (652+ words) Have you ever gotten mail addressed to a strange business, instead of to you? Thousands of Colorado residents have reported their addresses are being used to register fake companies. This story was first published by KUNC. Around the country, homeowners…...
Is China's economy in trouble?
1+ day, 22+ hour ago (414+ words) China’s consumers are spending less. A slowdown could be on the horizon. Data from China shows that the world’s second-largest economy is slowing down — especially around consumer spending. The official jobless rate ticked up to 5.2% — though other estimates put the…...