U.S. consumer credit growth weakens a bit in August

2019-10-07

Bloomberg A customer inserts a chip debit card into a credit card terminal at a Walmart Inc. location in Burbank, Calif. The numbers: Consumer borrowing growth weakened a bit in August, led by weaker credit card debt, according to Federal Reserve data released Monday. Total consumer credit increased $17.9 billion,Read More →

The best EVs and plug-in hybrids in 2019

2019-09-30

Car shopping is involved enough, making a pick from among all the electric vehicles (EVs) out there can be an even greater challenge. This is particularly true for first-time EV buyers. There are a lot of terms to master and information to digest. We understand that there’s a degree of altruism andRead More →

Why you should buy your leased car

2019-09-28

With only a couple of months left on your lease, time is running out to decide if buying your leased car makes more sense than turning it in. Leasing is an entirely different ballgame than purchasing a car. Ultimately, you are renting the car from its owner—the leasing company—and areRead More →

Asia stocks Friday as U.S. political turmoil takes a toll

2019-09-26

Asian stocks fell Friday as traders weighed data showing slower U.S. economic growth and also the possible impact of an impeachment inquiry of President Donald Trump. The congressional inquiry into Trump is throwing more volatility into a market that already was nervous over U.S.-Chinese trade tension. “The impeachment of TrumpRead More →

U.S. trade deficit in goods widens slightly in August

2019-09-26

Bloomberg A container ship sits in Yokohama, Japan last month. The U.S. and Japan have reached an initial trade agreement this week, according to President Donald Trump. The numbers: The advance trade deficit in goods widened to $72.8 in August, up 0.5% from the prior month, according to the CommerceRead More →

Chinese stocks pulled lower by pharma, tech losses

2019-09-22

Hong Kong’s Hang Seng Index saw an opening advance quickly fade on Monday, led by AAC Technologies as it extended last week’s losses with a 3.2% drop in morning trading. The Hang Seng HSI, -0.86% recently was off 0.8%. Chinese pharma stocks contributed to the early losses with Sino BiopharmaceuticalRead More →

Ferdinand Piech, iconic figure at Volkswagen, dies at 82

2019-08-26

BERLIN — Ferdinand Piech, grandson of the original designer of the Volkswagen Beetle and a towering figure in modern automotive history, has died, his wife, Ursula Piech, said Monday. Piech’s influence in the industry extended well beyond Volkswagen AG VOW, -0.07%   in Wolfsburg, Germany, the company town that grewRead More →