Well, it was nice while it lasted. For nearly a year, the average used vehicle in the United States had been edging toward affordable again for millions of people. The relief felt belated and relatively slight, but it was welcome nonetheless. From an eye-watering peak of $31,400 in April of ...

The average long-term U.S. mortgage rate inched down this week to its lowest level in six weeks, just as the spring buying season gets underway. Mortgage buyer Freddie Mac reported Thursday that the average on the benchmark 30-year rate fell for the third straight week, to 6.32%, from 6.42% ...

Depositors have accelerated withdrawals amid recent bank failures and sharply rising interest rates, raising concerns about the industry’s health and ability to withstand a crisis, experts says. Bank deposits fell by nearly $720 billion between the second and fourth quarters of 2022, ...

SAN FRANCISCO — The buzz surrounding artificial intelligence and the mass layoffs roiling the technology industry resonates with Ginni Rometty, whose nearly 40-year career at IBM culminated in her becoming CEO in 2012. Just before Rometty became IBM’s first woman CEO, the company’s ...

NEW YORK — Banks will need to start reporting the demographics and income of small business loan applicants under new rules published by the Consumer Financial Protection Bureau on Thursday. It’s a move that policymakers hope will lead to less discrimination and more transparency in the ...

DETROIT — The last gas-powered muscle car from Dodge isn’t leaving the road without some squeals, thunder and crazy-fast speed. The 2023 Challenger SRT Demon 170 will deliver 1,025 horsepower from its 6.2-liter supercharged V-8, and the automaker says it will be the quickest production ...