Over $1 trillion moved into the global stock market last year. That was more than the previous 20 years combined. Among the causes was access to cash at very low interest rates, largely because of the Federal Reserve. Another reason may be that home prices increased the size of home equity for millions of people. Also, the decade-long run-up in […]

(CNN)Ford (F) shares were down about 1% in trading Monday after the company announced it is suspending or slowing production at several of its North American factories this week due to short supplies of computer chips. Ford is stopping production at its Chicago Assembly plant, which builds Ford Explorer and Lincoln Aviator SUVs. Ford’s Cuautitlan, Mexico assembly plant, which builds […]

New York (CNN Business)California Democratic Congressman Ro Khanna is shrugging off potential antitrust issues in the proposed $6.6 billion merger of low-cost carriers Spirit and Frontier Airlines. But he does have one other big concern. “Look, the DOJ should review it,” Khanna told CNN in a phone interview Monday. “But having flown Spirit just twice in my life, and both […]

The first electric cars were invented in the 1830s, and by the late 19th century were setting land speed records (the fastest exceeded 65 miles per hour) and were being used as taxis in the US and the UK. At one point in the early 1900s, there were as many as nine electric car manufacturers in America. Improvements in the […]

Japanese conglomerate Toshiba Corp. said it now plans to separate itself into two standalone companies, instead of three. The company, which in November last year had announced its plan to separate itself into three companies, now said the fastest, most effective and efficient way for sustainable profitable growth and compelling benefits would be to separate into two standalone companies and […]

Valentine’s Day spending is expected to increase this year to a total of $23.9 billion in the U.S. from last year’s total of 21.8 billion, according to the annual Valentine’s Day consumer survey released by National Retail Federation or NRF, conducted by Prosper Insights & Analytics. Valentine’s Day, also called Saint Valentine’s Day or the Feast of Saint Valentine, is […]

SD Biosensor, Inc., an in-vitro diagnostics company, is recalling its STANDARD Q COVID-19 Ag Home Test in the United States, the U.S. Food and Drug Administration announced. The action is due to confirmed reports that the test kits were illegally imported into the country. The STANDARD Q COVID-19 Ag Home Test is not authorized, cleared or approved by the FDA […]

Dejon Ellis Jr. has been elected interim business manager of IATSE Grips Local 80 by the slim margin of only 10 votes. Ellis, who was an assistant business agent at the local, defeated Joel Galarza, the local’s vice president, by a vote of 178 to 168 during a virtual membership meeting on Sunday. Ellis will fill out the unexpired term […]