A slowdown — but no recession. That’s the broad consensus for the economy among experts as we head into 2024. After a post-pandemic period that saw growth surpass most forecasts…
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Americans ramped up spending during the holidays despite some financial anxiety and higher costs
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Holiday sales rose this year and spending remained resilient during the shopping season even with Americans wrestling with higher prices in some areas and other financial worries, according to the…
New government data showed prices notching a monthly decline for the first time since April 2020, adding to an improving picture on inflation as the new year looms. The Personal…
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U.S. engine maker facing largest Clean Air Act penalty ever over emissions test cheating accusations
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Engine manufacturer Cummins Inc. has agreed to pay a $1.675 billion penalty for allegedly installing ‘defeat devices’ on approximately 1 million pickup trucks to cheat emissions tests. It’s the largest…
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Tesla recalls 120,000 vehicles over potentially faulty doors that could open in a crash
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Tesla is recalling more than 120,000 vehicles over doors that fail to comply with U.S. government regulations. In a letter posted on the National Highway Traffic Safety Administration’s website Thursday,…
Honda is recalling more than 2.5 million vehicles over potentially faulty fuel pumps. In documents posted on the National Highway Traffic Safety Administration’s website, Honda said affected models include 2018…
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Honda recalls thousands of hybrids over electrical issue that could lead to fires
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Honda is recalling about 106,000 CR-V hybrid sport-utility vehicles for model years 2020 through 2022. At issue is a 12-volt battery cable that may be missing a fuse, potentially causing…
Less than one-sixth of homes listed in the U.S. between January and November were affordable for a typical household, according to Redfin. The real estate brokerage says 352,500 homes, or…
Ikea warned of delays on some products due to the mass diversion of shipping containers from the Red Sea over safety concerns. “The situation in the Suez Canal will result…
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Consumer confidence pops in the last month of a year that dodged recession forecasts
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Americans are heading into 2024 more optimistic about the health of the economy than they have been in months. The Conference Board reported Wednesday that its Consumer Confidence Index, a…