Bed Bath & Beyond is closing an additional 87 stores, as the troubled home goods retailer seeks to consolidate its assets ahead of a possible bankruptcy filing. The company confirmed the closures in a statement,…
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Business
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The Federal Reserve is still raising interest rates, meaning homebuyers will still face high mortgage rates after a rough 2022 for the housing market. The past year has been a rollercoaster ride for homebuyers and…
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The Federal Reserve announced Wednesday that it had raised its key federal funds rate by 0.25% as it seeks to keep putting downward pressure on economic growth in its bid to slow inflation. It was…
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Here’s the good news about the U.S. economy right now: Despite a wave of high-profile layoff announcements, most workers are still employed. Last week, the Bureau of Labor Statistics reported that the number of people…
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DETROIT — Ford Motor is increasing production and cutting prices of its electric Mustang Mach-E crossover, weeks after industry leader Tesla announced similar plans for its EVs. The Detroit automaker said Monday it will lower the pricing of the…
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An ice storm sweeping over parts of the southern U.S. has prompted the cancellations of about 865 domestic flights over the past 24 hours, according to the flight-tracking group FlightAware.com — adding to the seemingly…
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Business
Tesla car battery ‘spontaneously’ catches fire, requiring 6,000 gallons of water to put it out
A Tesla car battery ‘spontaneously’ burst into flames on a California freeway Saturday, and firefighters needed 6,000 gallons of water to put it out. The Metro Fire Department said in a series of tweets that…
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A former Fox News employee sued the network Wednesday, alleging that the late Fox News chairman and CEO Roger Ailes sexually abused her for years. Laura Luhn, who worked at the network for almost 15…
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Ford is recalling 462,000 sport utility vehicles whose potentially faulty rear-view cameras have been linked to at least 17 accidents. The affected vehicles include 2020 to 2023 model year Ford Explorers, Lincoln Corsairs and Aviators.…
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If you’ve been debating whether to file your taxes early this year, tax experts say there are now several reasons that might be a good idea. The biggest one is the rise in tax-related identity…