Finance

The U.S. Environmental Protection Agency is making Volkswagen Group correct fuel economy labels for about 98,000 gasoline-powered vehicles. The revisions of about one mile per gallon (0.4 kilometer per liter) cover VWs as well as affiliated brands Audi, Porsche and Bentley. All are from the 2013 through 2017 model years. The EPA said Friday that […]

The luxury condominium and apartment market is in the midst of an amenities war. Pools, playrooms and yoga studios have become commonplace, forcing developers to offer even more lavish add-ons or risk losing prospective buyers willing to pay millions of dollars. A residents-only restaurant on the 50th floor? A Boston development has that. Not to

Ford is recalling more than 550,000 trucks and SUVs in North America because seat backs may not properly restrain people in a crash. The recall covers certain 2018 through 2020 F-150 pickups, 2019 and 2020 Super Duty trucks, 2018 and 2019 Explorer SUVs, and 2019 and 2020 Expedition SUVs. All have manual driver or front

Stocks climbed broadly on Wall Street in early trading Friday as the market extended a recent rally and closed in on a big weekly gain after four straight weeks of losses. Despite marching higher most of this week, the market is on track to finish August with a loss. That would be only the second

U.S. consumer spending grew 0.6% in July, a healthy gain that suggests American shoppers are driving the economy forward. The Commerce Department also said Friday that personal incomes rose just 0.1%, the smallest gain in 10 months. With spending ahead of incomes, the savings rate fell to 7.7%, the lowest since last November, but still

President Trump’s economic advisers do not see a recession on the horizon, but they worry that gloomy news reports and a drumbeat of recession warnings could create one out of thin air. In an interview on Thursday, the acting chairman of Mr. Trump’s Council of Economic Advisers, Tomas Philipson, said that reporters who have fixated

Asian stocks rebounded Friday on hopes next month’s U.S.-Chinese talks might produce progress toward ending a costly tariff war over trade and technology. Benchmarks in Shanghai, Tokyo, Hong Kong and Sydney followed Wall Street higher. Investors were encouraged by a Chinese government statement Thursday that its penalties on U.S. imports are adequate. That suggested Beijing

U.S. long-term mortgage rates ticked up slightly this week, yet they remain near historic lows. Mortgage buyer Freddie Mac said Thursday that the average rate on the 30-year loan rose to 3.58% from 3.55% last week. Mortgage rates have fallen sharply as a slowing global economy and tensions from the trade war between the United

Credit card companies want to turn your unused credit line into cash that you can borrow for things like home improvements or unexpected expenses. But accepting this loan offer may not be the best choice for your wallet or your credit score. In recent months, two of the largest credit card issuers, Citi and Chase,

Caught in the crossfire of a trade war, American businesses operating in China say they’ve been hurt by the hostilities between the world’s two biggest economies and are facing increasingly unfair competition from Chinese firms. But they still aren’t ready to give up on the Chinese market. In the U.S.-China Business Council’s annual survey, out