As the electric vehicle revolution slows, Ferrari enters the race

As the electric vehicle revolution slows, Ferrari enters the race

Gliding on robotic conveyors, a line of Ferrari frames maneuvers through a gleaming new factory in northern Italy. At each station, engineers in cherry-red uniforms add a component — an engine block, a dashboard, a steering wheel — as they transform the bodies into hybrid vehicles. Next up: all-electric. A lot is riding on Ferrari’s … Read more

Europe tells Chinese carmakers: prepare to pay tariffs

Europe tells Chinese carmakers: prepare to pay tariffs

The European Union took the next step on Thursday toward levying new tariffs on Chinese electric cars, telling automakers to get guarantees from banks that they would be able to pay the duties that would be finalized in October. The move was expected. The bloc had said on June 12 that it would impose additional … Read more

How to choose the right tour group

How to choose the right tour group

Tour companies that offer multi-day trips will organize almost everything for you: accommodation, sightseeing, food and transportation. But group size, travel style and budget are among the considerations travelers should weigh before choosing a tour. Read on for tips. Large or small group Start your research by thinking about how many people you want to … Read more

Auto sales rose slightly in second quarter

Auto sales rose slightly in second quarter

Most automakers, with the exception of Tesla, on Tuesday reported modest sales growth in the three months between April and June, as high interest rates, persistently high vehicle prices and uncertainty about the economy and the upcoming presidential election weighed on consumers. Sales in late June were also slowed by disruptions at auto dealerships stemming … Read more

A key part of Biden’s student loan repayment plan is restored

A key part of Biden’s student loan repayment plan is restored

Key components of President Biden’s student loan repayment plan can continue to operate while lawsuits challenging it work their way through the legal system, a federal appeals court ruled Sunday. That frees the administration to cut payments for certain borrowers by up to half, a benefit that had been previously scheduled but blocked. The order, … Read more

Costner’s Expensive ‘Horizon’ Bites the Box Office Dust

Costner’s Expensive ‘Horizon’ Bites the Box Office Dust

“Inside Out 2,” starring Anxiety personified, continued to resonate with moviegoers as the No. 1 film in North America for a third weekend. The terrifying prequel “A Quiet Place: Day One” also struck a cultural nerve, delivering stronger-than-expected ticket sales. But ticket buyers largely rejected Kevin Costner’s three-hour vanity project, “Horizon: An American Saga – … Read more

Fed’s preferred inflation measure cools, welcome news

Fed’s preferred inflation measure cools, welcome news

The Federal Reserve’s preferred inflation measure continued to cool as consumer spending grew only moderately, good news for central bankers who have been trying to curb demand and control price increases. The Personal Consumption Expenditure Index rose 2.6 percent in May from the previous year, matching what economists had predicted and below the previous 2.7 … Read more

Why some people don’t talk about money with their partners

Why some people don’t talk about money with their partners

People stressed about their finances are often afraid to talk about money with their romantic partners, even though it could be beneficial to the relationship, new research finds. People who are worried about bills, feeling overwhelmed by overspending or concerned about money management may expect a “money talk” to lead to an argument, so they … Read more

Behind Kenya’s Unrest, a Surprising and Painful National Debt

Behind Kenya’s Unrest, a Surprising and Painful National Debt

The immediate trigger for the violent protest that gripped Kenya’s capital on Tuesday was a series of proposed tax increases – additional shillings that ordinary citizens owed their government. The underlying cause, however, is the billions of dollars your government owes its creditors. Kenya has the fastest growing economy in Africa and a vibrant business … Read more