For years, you’ve been able to watch cool-looking electric-plane videos on YouTube, created by some of the 300 companies who are working on them. But Beta Technologies, in Burlington, Vermont, is unique: “I believe we’re the only company flying people,” said Beta’s CEO and founder Kyle Clark. His company’s electric plane can carry six people, […]
Both of Canada’s major freight railroads have come to a full stop because of a contract dispute with their workers, an impasse that could bring significant economic harm to businesses and consumers in Canada and the U.S. if the trains don’t resume running soon. Canadian National and CPKC railroads both locked out their employees after […]
Despite their combined six-figure income, the homeownership dream has soured for young Americans Laura and Samuel Graves, who are left with little choice but to build their family in a suburban Portland apartment as they patiently search for a home that suits their budget. e refuse to become ‘house-poor’ and, like many others, are choosing […]
A new lawsuit is claiming hackers have gained access to the personal information of “billions of individuals,” including their Social Security numbers, current and past addresses and the names of siblings and parents — personal data that could allow fraudsters to infiltrate financial accounts or take out loans in their names. The allegation arose in […]
Locking up merchandise at drugstores and discount retailers hasn’t curbed retail theft but is driving frustrated consumers to shop online more. Retail crime is eating into retailers’ profits and high theft rates are also leading to a rise in store closures. Secured cases can cause sales to drop 15% to 25%, Joe Budano, CEO of […]
Former President Trump on Sunday night appeared to gloat in response to the global market sell-off and suggested his Democratic rivals were to blame. “STOCK MARKETS CRASHING. I TOLD YOU SO!!! KAMALA DOESN’T HAVE A CLUE. BIDEN IS SOUND ASLEEP. ALL CAUSED BY INEPT U.S. LEADERSHIP!” Trump wrote on his Truth Social platform late Sunday night. U.S. […]
Americans are snapping up small cars again, not because they want to, but because it’s what they can afford. Higher sticker prices, plus lofty borrowing rates, are making it harder for people to buy the new car of their dreams, so they often have to settle for a smaller vehicle or look for a bargain […]
Hiring abruptly slowed in July as employers added 114,000 new jobs, far fewer than economists had forecast, while the unemployment rate jumped to 4.3%. Economists surveyed by FactSet had expected 175,000 new jobs and forecast that unemployment would remain steady at 4.1%. In June, businesses had added 179,000 new hires, according to the Labor Department’s […]
McDonald’s global sales slumped in the second quarter, marking the first decline for the fast-food giant since 2020 as inflation-weary consumers pull back on eating out. In the U.S., McDonald’s same-store sales between April and June fell almost 1%, a dip management attributes to slowing foot traffic as low-income consumers in particular pare spending on […]
A typical entry-level home in the U.S. costs roughly $200,000. But in a growing number of cities, that would only cover the down payment. With housing in short supply around the country and the stiffest mortgage rates in years, you need at least $1 million to buy a starter home in 237 cities, according to […]
Postal rates, including the price of Forever stamps, are going up again. Forever stamps get a 5-cent increase from 68 cents to 73 cents when the price increase goes into effect on Sunday. When Forever stamps were introduced in 2007, they cost 41 cents each. That’s a 78% increase in 17 years. The U.S. Postal […]
AT&T says hackers stole data from “nearly all” of its cellular customers over several months in 2022 and downloaded it illegally onto a third-party cloud platform. The Dallas-based telecommunications company announced the massive data breach in a regulatory filing and press release on Friday morning, which said it believes the data is no longer publicly […]
