Alexa

Goodbye gas: Volvo to make only electric vehicles by 2030

Volvo says it will make only electric vehicles by 2030. But if you want one, you'll have to buy it online. The Swedish automaker said Tuesday that it is phasing out the production of...

US contracts to buy homes decline, still a January record

SILVER SPRING, Md. (AP) — The number of Americans who signed contracts to buy homes declined again with the number of properties for sale not matching the surging demand in the U.S. ...

Consumer confidence rises for second straight month

SILVER SPRING, Md. (AP) — U.S. consumer confidence rose again in February as an accelerating COVID-19 vaccine push provides hope for Americans who have lived through a year of unprecedented restrictio...

Experts: Gulf freeze may boost gas prices, but only briefly

Add one more potential item to the list of economic hardships dealt to Americans in the past 11 months: rising gas prices. But you can't blame it on the coronavirus pandemic. This on...

US long-term mortgage rates rise slightly; 30-year at 2.81%

SILVER SPRING, Md. (AP) — U.S. long-term mortgage rates ticked up this week but remain at historic lows as the coronavirus pandemic continues to batter the economy even as more Americans get vaccinate...

Bitcoin, seemingly omnipresent, crosses the $50,000 mark

SILVER SPRING, Md. (AP) — After a wild stretch in which Bitcoin repeatedly set new highs amid murmurs of its seemingly unstoppable ascendance, the digital currency crossed the $50,000 mark for the fir...

Bitcoin, seemingly omnipresent, crosses the $50,000 mark

SILVER SPRING, Md. (AP) — After a wild week in which Bitcoin soared to new heights, Bitcoin crossed the $50,000 mark early Tuesday. Bitcoin rallied throughout the as more companies s...

US contract signings to buy homes hits record for December

SILVER SPRING, Md. (AP) — The number of Americans who signed contracts to buy homes declined slightly for the fourth straight month, but it was still a record high for December. The ...

US employment costs rise modestly in fourth quarter

SILVER SPRING, Md. (AP) — Wages and benefits for U.S. workers rose in the last quarter of the year even with employers trying to hold the line on pay gains as the pandemic rankles the economy. ...

GM teams up with Microsoft on driverless cars

SILVER SPRING, Md. (AP) — General Motors is teaming up with Microsoft to accelerate its rollout of electric, self-driving cars. In the partnership announced Tuesday, the companies sa...

US industrial production jumps 1.6% in December

SILVER SPRING, Md. (AP) — U.S. industrial production rose 1.6% in December, a third straight monthly gain, but remains below its pre-pandemic level. The December gain in industrial o...

US services sector grows for seventh straight month

SILVER SPRING, Md. (AP) — The U.S. services sector, where most Americans work, grew for the seventh straight month in December even as coronavirus cases surged through the holidays. ...

US consumer confidence tumbles in crucial holiday season

SILVER SPRING, Md. (AP) — A closely-watched gauge for U.S. consumer confidence tumbled to a reading of 88.6 in December as rising coronavirus cases dragged American optimism to its lowest level since ...

US service sector expansion slows in November

SILVER SPRING, Md. (AP) — The U.S. services sector, where most Americans work, registered its sixth consecutive month of expansion in November. The Institute for Supply Management re...

US construction spending jumps 1.3% in October

SILVER SPRING, Md. (AP) — U.S. construction spending jumped 1.3% in October, the fifth straight monthly increase, again on the strength of single-family home building. The Commerce D...