Business

Former EPA administrator Andrew Wheeler discusses the Biden administration tightening their car mileage rules on 'Kudlow.' Italian luxury automaker Ferrari is planning to produce its first electric vehicle — which will reportedly cost over $500,000. Reuters reported Wednesday citing a source familiar with the matter that Ferrari is…

JOPLIN, Mo. (KSNF) — The consumer-based financial website, SmartAsset calculated the amount of income needed for a single adult to live the “comfortable life” in each U.S. state. While the salary you want to “live comfortably” could be higher than what you bring home, living in a state with a lower cost of living may help to stretch your…

54 Mins AgoHousing starts, initial jobless claims among economic data due this weekWall Street is eyeing a collection of economic data beginning on Thursday to close out the second half of the trading week. Initial jobless claims, housing starts and U.S. building permits are all due out at 8:30 am on Thursday, as well as the Philadelphia Federal…

Companies are responding to an aging workforce and scars from the past three years of elevated inflation by changing up options in their retirement plans, according to surveys by global asset manager MFS Investment Management.Six of 10 retirement savers said they’re worried inflation could affect their savings, while 61% of the more than 4,000…

U.S. spot Bitcoin ETFs have witnessed net outflows of almost $300 million in the past two days. The Bitcoin price has successfully reclaimed the $65,000 mark after it sank down towards $64,000 yesterday. The leading cryptocurrency is seemingly range bound between $65,500 and $64,000, according to analysts. Bitcoin’s short-term price movement…

The Greater Fort Worth Association of Realtors says housing inventory is up, way up. According to the latest report, inventory hit 3.2 months in May. That's the first time it climbed above the three-month mark in more than a decade. Inventory is the number of months it would take for the existing housing stock to sell at…

The U.S. Food and Drug Administration (FDA) is warning Dollar Tree after accusing the discount retailer of failing to "adequately remove" applesauce products that had been recalled for contamination with heavy metals.The FDA announced the recall of WanaBana apple cinnamon fruit puree pouches in October after it was discovered that the products…

How Covid accelerated the trend towards online shopping in two pictures. Retail sales chart by MishOnline Shopping Chart Notes I created the above chart by calculating the percentage of things bought online that normally can be purchased online. The calculation excludes the obvious, like gasoline and restaurant dining. It also excludes auto…

Investors had plenty of headlines to sift through Tuesday ahead of a mid-week break. As a reminder, Wednesday is a stock market holiday with the equities and bond markets closed in observance of Juneteenth.  In economic news, data from the Census Bureau showed retail sales rose 0.1% month-to-month in May, an improvement over April's revised…

Having financial literacy isn’t something that’s taught in schools, which is one reason why so many young people leave college without a solid safety net or a strong understanding of how to manage their money.Lillian Zhang uses her social media presence to help other people in their 20s level up their finances and career.The financially…