Category: Business

Ford Motor Terminates Electric Vehicle Plans With China’s Zotye

Ford Motor has decided to terminate plans to launch electric vehicle joint ventures with China’s Zotye Automobile, the U.S. auto giant said on Thursday.


American Airlines Sending About 13,000 Furlough Warnings as Pandemic Pain Continues

American Airlines is telling about 13,000 employees that they are at risk of furlough when a U.S. aid package for airline workers expires on April 1, the company said on Wednesday. Fort Worth, Texas-based American furloughed 19,000 workers when a previous round of government payroll support ended on Oct. 1 but recalled them in December…


Small Gamestop Investors Aren’t Giving Up as Price Drops Below $100

While the price of video game retailer Gamestop has slumped this week, many of the small investors that have rushed the stock are still holding and some are buying more. The company’s efforts to reinvent its struggling business model remain laden with uncertainty, but investors have flocked to it in hopes that hedge funds that…


Small GameStop Investors Aren’t Giving Up as Price Slips Below $100

While the price of video game retailer GameStop has slumped this week, many of the small investors who have rushed the stock are still holding and some are buying more. The company’s efforts to reinvent its struggling business model remain laden with uncertainty, but investors have flocked to it in hopes that hedge funds that…


GM Hit by Chip Shortage, to Cut Production at Four Plants

DETROIT—General Motors Co became the latest automaker hit by the global shortage of semiconductor chips as the U.S. automaker said on Feb. 3 it will take down production next week at four assembly plants. GM said it will cut production entirely during the week of Feb. 8 at plants in Fairfax, Kansas; Ingersoll, Ontario; and…


What the Student Loan Payment Relief Extension Means for You

You guys, we all know 2020 was insane. But here’s some good news: You may not need to make student loan payments until October of this year because the student loan relief that came from the CARES Act has been extended through Sept. 30, 2021. Let’s talk about what this actually means so you know what’s…


Put a Little More Thought Into It

Dear Dave, I don’t like admitting this, but I absolutely hate my job. Last year I almost cashed out part of my 401(k) to start my own business or open a franchise, and doing something like this is still on my mind. Considering how I feel, do you think this would be a good idea?…


College Ahead: How Can I Improve My Child’s Chances for Financial Aid?

Dear Carrie: My daughter is starting high school this year, and I’m worried about paying for college. I’ve saved some money, but as a single mom, I’m afraid I just won’t be able to cover it all. Is there anything I can do to increase her chances of receiving financial aid?—A Reader Dear Reader: I’m…


No Social Security in Prison

I was recently going through some old family photo albums with my grandkids. One album covered the reasonably short period of time we lived in Sioux Falls, South Dakota. In fact, we only lived there for about eight months. If you want to know why we didn’t stay there very long, here’s a clue: We…


New Amazon CEO: From Life in the Cloud to Running One of the World’s Biggest Firms

Amazon’s new chief executive, Andy Jassy, who joined the company in 1997 and has overseen its fast-growing cloud computing business, says the key to long-term success is reinvention. “You want to be reinventing when you are healthy, you want to be reinventing all the time,” Jassy, 53, said in December at a company forum. “You…