DETROIT—General Motors is recalling more than 331,000 diesel pickup trucks in the United States for a second time because the engine block heater cords can short circuit and cause fires. The recall covers certain 2017 through 2019 Chevrolet Silverado and GMC Sierra 2500 and 3500 pickups with 6.6-liter diesel engines and optional engine block heaters….
As Road Travel Resumes and Vacations Peak, Gasoline Prices Spike to 2014 Levels
By Ed Blazina From Pittsburgh Post-Gazette PITTSBURGH—To Patrick DeHaan, petroleum industry analyst at GasBuddy.com, the recent hike in summer gasoline prices to their highest level in seven years isn’t unusual. And it may not be over. “It’s supply and demand,” said DeHaan, noting that petroleum suppliers sharply reduced production during the pandemic as stay-at-home orders kept…
US Jobless Claims Unexpectedly Rise, Overall Trend Points Lower
July 8, 2021
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WASHINGTON—The number of Americans filing new claims for unemployment benefits rose slightly last week but continuing claims dropped, another indication that the labor market recovery from the COVID-19 pandemic continues to be choppy. Businesses have reopened at a rapid clip, boosted by a rollback in restrictions. Still, the job market rebound has been anything but…
Aussie Lobster ‘Grey Trade’ Thrives as Smugglers Circumvent Beijing Bans
July 8, 2021
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Chinese e-commerce platforms and wet markets are circumventing Beijing’s unofficial ban on Australian lobster imports by offering the popular delicacy for sale to Chinese consumers. Driven by strong demand, the lobster “grey trade” is thriving, with importers moving the Australian goods to Hong Kong and then into Mainland China via waterways. In May, Chinese police…
Rents Keep Climbing, Overheating Inflation Debate
July 8, 2021
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The cost of renting a home continues to rise in the United States as more people return to work in metro areas, boosting demand for rental apartments. A sustained increase in rents could lead to more persistent inflation and challenge the central bank’s view that inflation is “transitory,” experts say. Rents dropped significantly during the pandemic across the country, with…
Wells Fargo Confirms Its Shutting Down All Personal Lines of Credit
Wells Fargo said it will no longer be offering personal lines of credit and will shut down down all existing personal lines of credit for customers, according to reports. The move doesn’t appear to affect credit cards. A spokesperson for the banking giant confirmed the development. “As we simplify our product offerings, we made the…
Tips and Thoughts on Retirement Planning—Beyond Retirement
Once you’ve settled down and don’t have to worry about finances, your business, or really anything else—what do you do with your time? You work your whole life investing and preparing for retirement, but what are you even going to do in retirement? Hey, Retired Person—Understand That You Hold the World in Your Hands. Well,…
10 Interactive Money—Saving Tips for Small Business Owners
Businesses large and small all want to make more and save more. However, saving money is much easier said than done, especially for new companies. There are great habits and tips to help any business save money. In this article, we’ll go over 10 interactive money-saving tips for small business owners. Set Goals and Make…
WH Smith Snaps up Former Dixons Travel Stores to Expand InMotion Chain in UK
Retailer WH Smith has bought a raft of former Dixons Travel stores in airports as it expands its U.S. InMotion tech and accessories business into the UK. The group said it bought 18 stores, including 17 Dixons Travel stores, at sites including major UK airports London Heathrow, London Stansted, Manchester, London Luton, Birmingham, and East…
EU Fines Volkswagen, BMW $1 Billion for Emissions Cartel
BRUSSELS—The European Commission fined German carmakers Volkswagen and BMW a total of 875 million euros ($1 billion) on Thursday for colluding to curb the use of emissions cleaning technology they had developed. The case, separate to the so-called ‘Dieselgate’ scandal over software designed to cheat on vehicle emissions tests, sets a precedent by extending the…
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