Housing is the most considerable expense for U.S. consumers — and while high rents and home prices are obstacles to saving for potential homebuyers, access to affordable credit is another significant roadblock. An estimated 50 million Americans are “credit invisible,” according to a 2022 fact sheet from the Office of the Comptroller of the Currency’s Project REACh, or Roundtable for Economic Access and Change. That means ...
DETROIT — Ford Motor will expand production of its large Super Duty trucks to a Canadian plant that was previously set to be converted into an all-electric vehicle hub. The new plans include investing about $3 billion to expand Super Duty production, including $2.3 billion at Ford’s Oakville Assembly Complex in Ontario, Canada, Ford said Thursday. The remaining investment will be used ...
This is part of NBC News’ Checkbook Chronicles, a series of profiles highlighting the financial realities of everyday Americans. Retirement has not been what Lucy Haverfield envisioned. “I thought my 60s were going to be my golden years. I would watch commercials, and all I saw were people on trips to Cancún or golfing or sitting by the pool. I ...
Billionaire investor Ken Griffin, founder and CEO of hedge fund Citadel, purchased a late-Jurassic stegosaurus skeleton for $44.6 million at Sotheby’s Wednesday, marking the most valuable fossil ever sold at auction. The 150 million-year-old stegosaurus named “Apex” measures 11 feet tall and nearly 27 feet long from nose to tail and it is a nearly complete skeleton with 254 fossil bone ...
A Wall Street Journal reporter in Hong Kong said she was fired after being elected to lead a press union that has come under attack by Beijing amid a national security crackdown. Selina Cheng, who was elected chair of the Hong Kong Journalists Association (HKJA) on June 22, said in a statement posted Wednesday on X that she had been ...
America’s two most powerful allies in the Pacific are taking their defense ties to new heights amid increasing concerns over China’s assertiveness in the region and North Korean threats, Japan’s top general said Thursday. Before a trilateral meeting with US Chairman of the Joint Chiefs Gen. CQ Brown and South Korean Adm. Kim Myung-soo, Japanese Gen. Yoshihide Yoshida said China ...
Germany plans to halve its military aid to Ukraine next year, despite concerns that US support for Kyiv could potentially diminish if Republican candidate Donald Trump returns to the White House. German aid to Ukraine will be cut to €4 billion ($4.35 billion) in 2025 from around €8 billion in 2024, according to a draft of the 2025 budget seen ...
An experimental drug that extends the lifespan of mice by 25% could also work in humans, according to the scientist who ran the trials. The treatment – an injection of an antibody called anti-IL-11 that was given to the mice when they were ‘middle-aged’ – reduced deaths from cancer. It also lowered the incidence of diseases caused by fibrosis, chronic ...
A nearly complete fossil of a stegosaurus has sold for a record $44.6m (£34.2m), becoming the most valuable fossil ever sold at auction. An anonymous US buyer outbid six others for the set of bones, dubbed Apex, at Sotheby’s in New York on Wednesday. They paid an apex price, beating the previous auction record of $31.8m (£24.4m) spent on a ...
LAS VEGAS — President Biden has tested positive for the coronavirus and is experiencing mild symptoms, including a cough, runny nose and “general malaise,” the White House said Wednesday. Biden has canceled his planned events in Las Vegas and has departed en route to Delaware. He plans to isolate there while continuing to work, White House press secretary Karine Jean-Pierre ...