Business

Aston Martin (NEW YORK) — For decades, the fictional spy James Bond helped boost sales of Aston Martin’s beautifully designed sports cars and grand tourers. Now, the 110-year-old British marque has found a new star to attract customers: Fernando Alonso. The two-time world Formula One champion has racked up six podium finishes so far in 2023, […]

MATTHEW HATCHER/AFP via Getty Images (DETROIT) — President Joe Biden said he will join the picket line, as a labor strike against the three largest motor vehicle manufacturers in the United States expanded on Friday. United Auto Workers President Shawn Fain announced 38 new strike locations targeting Stellantis and General Motors., saying all parts distribution […]

MATTHEW HATCHER/AFP via Getty Images (DETROIT) — A labor strike against the three largest motor vehicle manufacturers in the United States expanded on Friday as 38 new strike locations were announced targeting Stellantis and General Motors. United Auto Workers President Shawn Fain made the announcement, saying all parts distribution locations for Stellantis and GM at […]

Kevin Dietsch/Getty Images (WASHINGTON) — The Commerce Department finalized the national security “guardrails” in which recipients who receive CHIPS and Science Act funding must abide by. The CHIPS and Science Act was passed last year to address the manufacturing of semiconductors in the United States and the Commerce Department is responsible for dolling out billions […]

MATTHEW HATCHER/AFP via Getty Images (DETROIT) — A labor strike against the three largest motor vehicle manufacturers in the United States could expand if ongoing contract negotiations don’t move toward a deal by Friday. United Auto Workers President Shawn Fain is expected to make an announcement at 10 a.m. ET. He had warned earlier this […]

Victoria Jones/PA Images via Getty Images (NEW YORK) — Rupert Murdoch is stepping down as chairman of Fox Corporation and News Corp., Fox has announced. His son, Lachlan Murdoch, will become the chair of News Corp. and continue as executive chair and chief executive officer of Fox Corporation. “On behalf of the FOX and News […]

Oscar Mayer (NEW YORK) — Nostalgia wins in the court of cars and cold cuts. After the iconic hot dog on wheels for Oscar Mayer was rebranded as the Frankmobile earlier this summer — specifically to celebrate its all-beef frankfurter recipe — the American food manufacturer is reverting back to its original namesake glory: the […]

Bloomberg Creative/Getty Images (WASHINGTON) — The Federal Reserve left its benchmark interest rate unchanged on Wednesday, pausing an aggressive inflation fight amid growing optimism that the United States can achieve normal price levels without falling into a recession. The central bank expects to raise rates one more time this year, according to projections included alongside a […]

Mike Dobuski/ABC News (DETROIT) — The Detroit Auto Show is underway this week, against the backdrop of an historic strike effort from unionized auto workers. Almost every year since 1907, Detroit has played host to a trade show that attracts executives, celebrities, politicians, journalists, and everyday enthusiasts from around the car world, all of whom […]

Catherine McQueen/Getty Images (NEW YORK) — While the joy of raising a child is priceless, the actual dollars and cents cost of it all is sharply on the rise, a new study shows. The average cost of raising a child rose nearly 20% in the United States from 2016 to 2021, according to a study […]