Economy
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Tesla loses title of world's biggest EV maker after sales continue to drop
Tesla said it only delivered 1.64 million vehicles in 2025, down 9% from a year earlier. It also saw a drop in sales in 2024.
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New coins, ‘Redbacks’ released through Texas’ new Bullion Depository
Texas boasts the only state-run bullion depository in the country.
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Bankruptcies on the rise across US economy, large corporate filings highest in 15 years
Among the big companies that filed for bankruptcy were JoAnn Fabrics, Spirit Airlines and Hooters restaurants
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California presses wealth tax despite national unpopularity, billionaires threats to flee
A ballot initiative currently being prepared for November 2026, known as Initiative 25-0024 or the “2026 Billionaire Tax Act,” would impose a one-time 5% levy on the net worth of individuals and trusts with at least $1 billion in assets as of January 1, 2026.
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Louisiana businessman sells company for $1.7B, allocates $240M as bonuses for employees
The deal in which Eaton acquired Fibrebond committed payouts averaging over $400,000 to each of the 540 employees, to be paid out over five years.
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Report finds Americans are still paying off credit debt from last Christmas
Study was done by WalletHub.
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Trump preparing landmark new policy to spur up to 12 million new and affordable homes, adviser says
Housing costs are a major part of the "affordability" issue facing many Americans. President Trump is hoping his new plans will relieve much of that financial pressure.
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U.S. economy sets 2-year high for growth, exceeding analysts' expectations by more than 40%
Plunge in private business investment from second quarter nearly stopped in third quarter, down just 0.3%, Commerce Department says.
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Consumer prices increased in November at annualized rate of 2.7%, lower than expected
The rate was lower than the projected 3.1% by Wall Street.
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US economy exceeds expectations by adding 64,000 jobs in November, according to government report
Bureau of Labor Statistics says the unemployment rate increased to 4.6%, however.
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Ford takes $19.5 billion in charges amid shift away from electric vehicles
“Instead of plowing billions into the future knowing these large EVs will never make money, we are pivoting,” Ford CEO Jim Farley said.
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Divided Fed heads into a critical data week
Inflation has moved up modestly this year and remains elevated, according to the Fed’s own assessment.
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US trade deficit drops to lowest level since 2020 in win for Trump
Trump in 2016, defied Republican free-trade orthodoxy by supporting the imposition of tariffs, a position he has maintained throughout his political career.