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EV, hybrid sales reached a record 20% of U.S. vehicle sales in 2024
New Tesla cars are displayed at a Tesla dealership on December 20, 2024 in Corte Madera, California. Justin Sullivan | Getty ImagesDETROIT — Sales of all-electric vehicles and hybrid models reached 20% of new car and truck sales in the…
Mortgages, credit cards, auto loans: Expert predictions for interest rates in 2025
Interest rates moved lower near the end of 2024 as the Federal Reserve cut rates three times, shaving a full percentage point off the federal funds rate since September. In 2025, that trend is likely to continue.But with inflation still…
Comcast and Harris Blitzer to build new NBA, NHL stadium in south Philadelphia
Joe Daniel Price | Moment | Getty ImagesHarris Blitzer Sports & Entertainment announced on Monday a joint venture with Comcast Spectacor to build a new arena in South Philadelphia for the NBA's 76ers and the NHL's Flyers.The deal…
How Nissan’s profits dropped 90% in one year
A merger with rival Honda may be Nissan's best — or perhaps only — shot at survival.The Japanese automaker is challenged in China, emerging markets and the United States — its largest market. Operating profits dropped 90% and net income…
Mortgage demand is mixed, as interest rates hit highest level since May
A completed planned development is seen in Ashburn, Virginia, on Aug. 14, 2024.Andrew Caballero-Reynolds | AFP | Getty ImagesMortgage demand started this year stronger than it did last year, even though interest rates are higher. Total…
FDA proposes putting nutrition info on the front of food packages
Nutrition labels are seen on food packaging in Miami, Florida. Joe Raedle | Getty ImagesThe Food and Drug Administration on Tuesday proposed a new rule for nutrition labels on packaged food and drinks that's intended to help Americans…
China’s electric car boom is expected to slow down in 2025
New electric vehicles destined for Belgium at a port in Taicang city in eastern China's Jiangsu province on Jan. 11, 2025.Future Publishing | Future Publishing | Getty ImagesBEIJING — China's electric car market is headed for a sharp…
Why it’s so hard to find starter homes in the U.S.
First-time homebuyers may struggle to find adequate starter homes when the 2025 buying season begins this spring.The homes that once gave Americans a stepping stone into real estate are disappearing, according to experts. While the exact…
Barry’s Bootcamp announces new investment as others exit boutique fitness category
Participants work out at Barry's Bootcamp at Red Studios in Los Angeles. Wally Skalij | Los Angeles Times | Getty ImagesAs the boutique fitness sector starts to buckle, Barry's Bootcamp on Monday announced new investment from Princeton…
Tesla launches refreshed Model Y in China to fend off domestic rivals
Tesla launched a revamped version of its Model Y in China.TeslaTesla on Friday announced a revamped version of its popular Model Y in China, as the U.S. electric car giant looks to fend off challenges from domestic rivals.The Model Y…