A $7,500 tax incentive for buyers of electric vehicles is critical for General Motors as it ramps up production in the EV market. But some government officials are hesitant to continue funding the incentive, especially in the aftermath of GM's massive layoff.
The Dow Jones Industrial Average dropped 600 points on Nov. 20 as tech companies and retailers face losses and an oil surplus pushed barrel prices lower. The global economy shows signs of weakening, with the US, China, and Europe facing potential slowdowns.
Carlos Ghosn, who serves as chairman for both Renault and Nissan, was arrested in Japan on Nov. 19 for alleged financial improprieties. Analysts say this could strain the nearly 20-year-old Renault-Nissan alliance, which collectively represents one of the world's largest automakers.
After its Central Park store closed in 2015, legendary toy company FAO Schwarz will reopen at Rockefeller Center on Nov. 16 with a rocket ship stuffed with teddy bears, a toy grocery store, and other delights. Pop-up stores for the holidays will appear around the globe, too.
A Mandarin duck swims in Central Park in New York on Dec. 5. In the weeks since it appeared in Central Park, the duck has become a celebrity.
When Amazon began hunting for a second headquarters in September 2017, it received more than 200 proposals from cities all over the United States. Now, the tech giant is reportedly considering two, not one, locations for its 50,000 workers.
More steps remain before the United States-Mexico-Canada Agreement takes effect. And in the post-deal landscape, separate trade tensions between the US and China still need to be resolved.
Many believe that buying a home is a step toward wealth creation, but this is not always so for many African-Americans. Statistics show that in nearly 20 percent of ZIP codes where most homeowners are black, home values have decreased since 2000.
In 2017, nearly half of all renters across the country were rent-burdened, according to the Harvard Joint Center for Housing Studies. In response, states from California to Louisiana are beginning to pass legislation aimed at solving the problem.