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6h ago

Average U.S. vehicle age hits record 12.6 years as high prices force people to keep them longer

With an average U.S. new-vehicle selling price of just over $45,000 last month, many can’t afford to buy new — even though prices are down more than $2,000 from the peak in December of 2022, according to J.D. Power.
Commuters wait to drive through the Holland Tunnel
Commuters wait to drive through the Holland Tunnel

Amazon plans to give Alexa an AI overhaul — and a monthly subscription price

As of 2023, Amazon said it had sold more than 500 million Alexa-enabled devices, giving the company a foothold with consumers.
An Amazon.com Inc. Echo dot device.
An Amazon.com Inc. Echo dot device.

Home sales slipped unexpectedly in April despite big gains in supply

Total housing inventory at the end of April was 1.21 million units, up 9% month to month and up 16% from the year before.
A house with a "FOR SALE" sign.
A house with a "FOR SALE" sign.
10h ago

Target says shoppers are buying fewer groceries and home goods

The retailer said earlier this week that it would cut prices on thousands of items as consumers grapple with inflation.
Street view of a Target store.
Street view of a Target store.

Here's where rents are rising — and where they're falling

The strength in single-family rents indicates that potential homebuyers who are priced out of the buying market are choosing to rent similar alternatives.
colorful for rent sign palm tree
colorful for rent sign palm tree

Turbulence-related deaths are rare, but climate change is making for bumpier air travel

From 2009 to 2023, turbulence has resulted in 185 serious injuries aboard commercial planes, but there were no turbulence-related deaths in the U.S. in that time, officials said.
The interior of Singapore Airline flight SG321 is pictured after an emergency landing at Bangkok's Suvarnabhumi International Airport
The interior of Singapore Airline flight SG321 is pictured after an emergency landing at Bangkok's Suvarnabhumi International Airport

Pixar is laying off 14% of its workforce as Disney scales back content

Layoffs hit other Disney businesses last year, but Pixar’s cuts were delayed because of production schedules.
Gate for the headquarters of Pixar Animation Studios in Emeryville, Calif.
Gate for the headquarters of Pixar Animation Studios in Emeryville, Calif.

Nestlé to launch frozen pizzas, other foods targeting users of weight-loss drugs

Roughly 1 in 8 adults in the U.S. has used a GLP-1 drug at some point.
A new brand of packaged food.
A new brand of packaged food.
2d ago

At least one dead and 30 injured after 'severe turbulence' hits flight from London to Singapore

Singapore Airlines said several people were injured on the flight, which was diverted to Thailand's capital, Bangkok.
The interior of Singapore Airline flight SG321 is pictured after an emergency landing at Bangkok's Suvarnabhumi International Airport
The interior of Singapore Airline flight SG321 is pictured after an emergency landing at Bangkok's Suvarnabhumi International Airport

FDIC Chair Martin Gruenberg to resign after damning workplace harassment probe

Allegations of widespread sexual harassment and misconduct within the agency led to calls for Gruenberg to step down.
Martin Gruenberg sits at a microphone.
Martin Gruenberg sits at a microphone.

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