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Stellantis chairman details planned U.S. investments for Jeep, Ram to Trump
Stellantis Chairman John Elkann speaks during the presentation of the new Fiat Panda as Fiat celebrates the 125th anniversary of its brand in Turin, Italy, July 11, 2024.Massimo Pinca | ReutersDETROIT — Stellantis Chairman John Elkann…
Mortgage rates aren’t likely to fall any time soon — here’s why
The Good Brigade | Digitalvision | Getty ImagesMortgage rates have risen in recent months, even as the Federal Reserve has cut interest rates.While those opposing movements may seem counterintuitive, they're due to market forces that…
Europe’s luxury giants brace for a turnaround in fortunes amid China pivot
Europe's beleaguered luxury sector could be set for a turn in fortunes this year, as early indicators point to improved consumer spending and a pivot away from China. Luxury shares shot up in trading last week after Cartier owner…
Tesla brand value shed $15 billion in 2024 with aging lineup, Musk at helm, researchers
New Tesla cars are displayed at a Tesla dealership on December 20, 2024 in Corte Madera, California. Justin Sullivan | Getty ImagesThe value of Tesla's brand fell by 26% in 2024, a second straight annual decline, with factors including…
UK homeowners brace for higher mortgages as borrowing costs spike
Sunlight illuminates the front of a row of Victorian-era houses in a terraced street in Bristol, England. Matt Cardy | Getty Images News | Getty ImagesLONDON — Hundreds of thousands of U.K. homeowners are facing the prospect of higher…
Costco union representing 18,000 workers authorizes nationwide strike
Workers announce customers about power outages as they were closed outside of Costco Wholesale in Foster City, California, United States on Jan. 16, 2025. Tayfun Coskun | Anadolu | Getty ImagesA union representing thousands of Costco…
British luxury carmaker Rolls-Royce says super rich fueling a demand boom for bespoke
The grill of a Rolls Royce motor car in view of residential properties in Mayfair in London, UK, on Monday, Oct. 28, 2024.Bloomberg | Bloomberg | Getty ImagesBritish luxury carmaker Rolls-Royce Motor Cars on Wednesday said it is…
5 cities with the lowest ‘barrier to homeownership’ — where saving a 20% down payment
Cofotoisme | E+ | Getty ImagesHow long it takes you to save for a 20% down payment on a home depends in part on where you live. In a pricey area such as New York City, it could take the typical buyer roughly 10.85 years to save $173,000,…
The ‘Make America Healthy Again’ revolution has begun. Buy these food stocks to ride out
Bye, bye Red No. 3. The Food and Drug Administration's decision Wednesday to ban the cherry-red synthetic dye could be the first of many announcements that will send food manufacturers scrambling to revamp products in the months to come,…
Tesla is offering Cybertruck discounts as EV market gets crowded
A soldier walks next to a Tesla Cybertruck, which was donated to the National Guard, after powerful winds fueling devastating wildfires in the Los Angeles area forced people to evacuate, in the Pacific Palisades neighborhood on the west…