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Economy grew at 2.8% rate from July through September

WASHINGTON (AP) — The nation’s economy expanded at a 2.8 percent annual pace from July through September on consumer spending and a surge in exports, the federal government said last week, leaving unchanged its initial estimate of third-quarter growth. The country’s gross domestic product — the economy’s output of goods and services — slowed from [...]

By |2024-12-03T10:19:34-05:00Monday, December 2, 2024|

Rebranding companies comes with risks

LONDON (AP) — When Katja Vogt considers a Jaguar, she pictures a British-made car purring confidently along the Italian coastline — a vision of familiarity that conveys “that dreaming, longing feeling we all love.” She’s not sure what to think about Jaguar now after the 89-year-old company announced a rebranding last week that featured loud [...]

By |2024-12-02T10:30:24-05:00Wednesday, November 27, 2024|

Budget airlines offer premium options in effort to improve their bottom lines

DALLAS — Delta and United have become the most profitable U.S. airlines by targeting premium customers while also winning back a significant share of travelers on a tight budget. That is squeezing smaller low-fare carriers such as Spirit Airlines, which filed for bankruptcy protection last week. Some travel-industry experts think Spirit’s troubles indicate that travelers [...]

By |2024-11-26T09:10:29-05:00Tuesday, November 26, 2024|

Although electric-vehicle sales have slowed, automakers make plans to add more models

Even though sales of electric vehicles aren’t growing as fast as in past years, automakers are moving ahead with new models that are expected to appeal to mainstream buyers. Family haulers are the latest to see a new entry, with Hyundai unveiling the Ioniq 9 electric SUV last week ahead of the Los Angeles Auto [...]

By |2024-11-26T09:11:04-05:00Monday, November 25, 2024|

Nvidia rivals focus on building a different type of computer chip to power AI products

SANTA CLARA, Calif. (AP) — The development of the current crop of artificial intelligence chatbots has relied on specialized computer chips pioneered by Nvidia, which dominates the market and has made itself the poster child of the AI boom. The same qualities that make those graphics processor chips, or GPUs, so effective at creating powerful [...]

By |2024-11-25T10:33:08-05:00Friday, November 22, 2024|

NHTSA updated safety ratings will include new technologies

DETROIT (AP) — The federal government’s automobile safety ratings will get an update starting with the 2026 model year when regulators add new driver-assistance technologies and tests for protecting pedestrians. The National Highway Traffic Safety Administration earlier this week said that it has finalized the changes, which were required by Congress under the 2021 bipartisan [...]

By |2024-11-22T13:24:23-05:00Thursday, November 21, 2024|

Far-flung exurbs among the fastest-growing communities

HAINES CITY, Fla. (AP) — Not long ago, Polk County’s biggest draw was citrus instead of people. Located between Tampa and Orlando, Florida’s citrus capital produces more boxes of citrus than any other county in the state and has devoted tens of thousands of acres to growing millions of trees. Last year, however, more people [...]

By |2024-11-21T15:56:36-05:00Wednesday, November 20, 2024|

Retail sales up 0.4 percent in October

WASHINGTON (AP) — Retail sales increased 0.4 percent from September to October, according to a new report from the Commerce Department. The increase was less than the previous month’s 0.8 percent gain. A 1.6 percent jump in sales at auto dealers drove much of the gain. Purchases climbed 2.3 percent at electronics and appliances stores [...]

By |2024-11-20T12:46:11-05:00Tuesday, November 19, 2024|

Nation’s wholesale inflation rate grew to 2.4 percent in October

WASHINGTON (AP) — Wholesale prices rose last month, suggesting that the nation’s economy has yet to completely vanquish inflationary pressure. Last week’s report from the Labor Department showed that its producer price index — which tracks inflation before it hits consumers — rose 0.2 percent from September to October, up from a 0.1 percent gain [...]

By |2024-11-19T15:26:42-05:00Monday, November 18, 2024|
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