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Ford sales drop ahead of potential tariffs on Canada, Mexico

Business / Business News /

Ford Motor Co. on Monday said U.S. sales in February fell 8.9% year-over-year as it sees lower rental demand from a year ago, unloads older product and its largest plant in Kentucky is retooled for the next-generation Ford Expedition and Lincoln Navigator.

The report from the Dearborn automaker comes as analysts expected the auto industry's ...Read more

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TSMC unveils $100 billion in new US investment, joined by Trump

Business / Business News /

Taiwan Semiconductor Manufacturing Co. the world’s top producer of AI chips, plans to invest an additional $100 billion in U.S. plants that will boost its chip output on American soil and support President Donald Trump’s goal of increasing domestic manufacturing.

TSMC Chief Executive Officer C.C. Wei joined Trump at the White House on ...Read more

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TSMC poised to announce $100 billion investment in US plants

Business / Business News /

Taiwan Semiconductor Manufacturing Co. plans to invest $100 billion in chips plants in the U.S. over the next four years, a move President Donald Trump is set to announce at the White House later Monday, according to a person familiar with the matter.

TSMC is the world’s leader in production of advanced semiconductors used for artificial ...Read more

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Best value ETFs: Top funds that hold bargain-priced stocks

Business / Business News /

Value investing has proven to be one of the most successful investing strategies over the long term. Many of the world’s top investors, including the legendary Warren Buffett, have used the value approach to generate outstanding returns over time.

In recent years, however, value stocks have drastically trailed growth stocks as low interest ...Read more

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A 401(k) with an annuity twist: Blackrock offers paycheck-like income option

Business / Business News /

A growing list of companies have begun offering investments inside their 401(k) plans that promise a way for workers to generate steady income during retirement.

These investments combine target-date funds, a popular 401(k) investment, with annuities, an insurance contract that promises a stream of lifetime payments.

Global asset manager ...Read more

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What is a rug pull?

Business / Business News /

A rug pull is a scam where a cryptocurrency or NFT developer hypes a project to attract investor money, only to suddenly shut down or disappear, taking investor assets with them. The name comes from the idiom “to pull the rug out” from under someone, leaving the victim off-balance and scrambling.

Rug pulls have increased as decentralized ...Read more

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What banking deregulation could mean for your money: 4 key changes to watch for

Business / Business News /

Sweeping changes at the Consumer Financial Protection Bureau (CFPB) signal what would be a significant shift in banking regulation under the Trump administration. While regulatory changes might sound like distant bureaucratic shuffling, these potential rollbacks could directly impact your wallet, from the fees you pay to how your complaints are ...Read more

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8 important mobile banking alerts to set up today

Business / Business News /

Low balance. Large purchase. Unusual activity.

If you don’t already get bank account alerts such as these, it might be a good time to set them up to help monitor your finances. Most consumers already use a mobile banking app – 81% use it at least monthly, according to the American Bankers Association.

Mobile bank alerts, which help ...Read more

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Has Colorado lost its shine when it comes to attracting residents from other states?

Business / Business News /

Colorado has long relied on people relocating to the state to fuel its economy, and while natives may complain about more crowded roads and the lack of housing, those transplants both fill and generate jobs, making them the state’s most important import.

Since the pandemic, there has been a sharp drop in people moving to Colorado from other ...Read more

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Changing tastes, cheap imports and a looming Canadian boycott. A 'perfect storm' for California's wine industry

Business / Business News /

Just as uncontrollable financial, demographic and other forces have wreaked havoc in Hollywood, California's wine industry is now reeling from epochal stresses that are grinding down yet another mainstay of the state's economy.

The aging of baby boomers who long served as the industry's mainstay, changing tastes among young consumers, a flood ...Read more

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US manufacturing activity nears stagnation while prices jump

Business / Business News /

U.S. factory activity last month edged closer to stagnation as orders and employment contracted, while a gauge of prices paid for materials surged to the highest since June 2022 as tariff concerns mounted.

The Institute for Supply Management’s manufacturing index slipped by 0.6 point in February to 50.3, according to data released Monday. ...Read more

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Car prices are poised for $12,000 surge on Trump's new tariffs

Business / Business News /

Impending tariffs on Canada and Mexico risk driving up U.S. car prices by as much as $12,000, further squeezing consumers and wreaking havoc across the intricate web of automotive supply lines spanning the continent.

The cost to build a crossover utility vehicle will rise by at least $4,000, while the increase would be three times that for an ...Read more

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CEO of Kroger abruptly quits after probe of his personal conduct

Business / Business News /

The chief executive officer and board chair of The Kroger Co. abruptly resigned Monday following an internal investigation into his “personal conduct.”

The investigation began Feb. 21 into Kroger CEO Rodney McMullen’s conduct, and it was not related to Kroger’s “financial performance, operations or reporting,” the Cincinnati-based ...Read more

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Motormouth: Battery corrosion

Business / Business News /

Q: My 2020 Toyota Sienna has a significant amount of corrosion on the positive battery post and absolutely nothing on the negative post. What causes this and is it problematic? Can it be stopped?

P.J., New Lenox, Illinois

A: It’s called galvanic corrosion and usually occurs on the cathode, the positive terminal of the battery. You can remove...Read more

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Should you order foreign currency before you travel?

Business / Business News /

Visiting another country is a great way to explore and experience other cultures, but you want to make sure you have cash on hand and the ability to withdraw cash abroad for the smoothest travel experience.

Understanding how to get foreign currency affordably can help you maximize your travel budget. Often, exchanging money before departure ...Read more

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Tariffs will raise prices, it's just a matter of how much, Atlanta Fed says

Business / Business News /

The proposed tariffs on China, Mexico, Canada and other U.S. trading partners could raise prices for consumers on everyday items by up to 2.6%, according to a study released Friday by the Federal Reserve Bank of Atlanta.

The tariffs on Mexico and Canada, which President Donald Trump says will go into effect Tuesday after he previously postponed...Read more

L.E. Baskow/Las Vegas Review-Journal/TNS

FTC withdrawing request for MGM cyberattack information

Business / Business News /

The Federal Trade Commission’s dispute with MGM Resorts International over providing information about 2023’s costly cyberattack against the company may be coming to a resolution.

The FTC has told MGM it plans to withdraw its civil investigative demand regarding the incident that cost the company an estimated $100 million and crippled the ...Read more

Tom Fox/The Dallas Morning News/TNS

Texas needs equivalent of 30 reactors to meet data center power demand

Business / Business News /

Demand on the Texas power grid is expected to expand so immensely that it would take the equivalent of adding 30 nuclear plants’ worth of electricity by 2030 to meet the needs.

That’s according to the Electric Reliability Council of Texas, which manages the grid. The forecast is based on the addition of new data centers needed to power ...Read more

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Warby Parker opening locations in Targets

Business / Business News /

Warby Parker later this year is opening five of its eyeglass locations inside Target stores.

The new shops will be staffed by Warby Parker employees, and a selection of the brand’s eyewear also will be sold on Target’s website.

“A big part of (Warby Parker’s) commitment means meeting eyewear consumers where and how they want to shop �...Read more

Walmart CEO warns food prices are causing 'frustration and pain'

Business / Business News /

The chief executive officer of Walmart Inc. said American consumers are showing signs of stress as food prices remain stubbornly high.

Some shoppers are running out of money before the end of the month and turning to smaller pack sizes for consumer goods, Chief Executive Officer Doug McMillon told about 1,000 executives at the Economic Club of ...Read more