The latest data on household debt from the Federal Reserve Bank of New York, released Tuesday (May 13), indicated that consumers paid down some of their credit card debt in the first quarter of 2025. But late-stage delinquencies on that revolving debt surged year over...
A car loan can turn out to be a green light, red light moment for millions of Americans. While consumers in the United States spend trillions of dollars annually on transportation, traditional credit cards rarely offer meaningful rewards for auto-related expenses. That disconnect represents an...
The European Union (EU) is threatening to tariff American car exports if trade negotiations fail. As the Financial Times (FT) reported on Thursday (May 8), the tariffs on 95 billion euros ($107 billion) of exports, including cars and vehicle parts, would likely take effect in...
Alphabet’s Waymo autonomous vehicle division is exploring a collaboration with Toyota to develop an autonomous vehicle platform that would bring self-driving technology to personally-owned cars. The partnership, which would also include Toyota’s innovation arm Woven by Toyota, would accelerate the development of autonomous and driver-assisted...
May 15, 2025
Consumer spending, the key engine of the economy in the United States, is in danger of stalling. The U.S. Census Bureau released retail data Thursday (May 15) showing that sales growth slowed markedly after pre-tariff front-loading of consumer spending, especially for expensive, big-ticket items such as cars and appliances. Overall retail sales were up 0.1% […]
May 13, 2025
A car loan can turn out to be a green light, red light moment for millions of Americans. While consumers in the United States spend trillions of dollars annually on...
April 16, 2025
As earnings season kicked off last week, JPMorgan’s CFO Jeremy Barnum said on the conference call with analysts that consumers had been front-loading their spending ahead of anticipated price increases...
March 21, 2025
Tariff pressures are squeezing the retail and eCommerce sectors. What are the two behemoths dominating the space, Walmart and Amazon, doing in response? The answer, according to the news this...
May 08, 2025
The European Union (EU) is threatening to tariff American car exports if trade negotiations fail. As the Financial Times (FT) reported on Thursday (May 8), the tariffs on 95 billion euros ($107 billion) of exports, including cars and vehicle parts, would likely take effect in July if the European Commission (EC) can’t convince the U.S. […]
April 15, 2025
Uber has launched an “interest list” for riders wishing to use its Atlanta robotaxi service. Customers based in that city can sign up for the wait list beginning Tuesday (April 15)...
April 09, 2025
Autonomous vehicle company Nuro said Wednesday (April 9) that it has raised $106 million so far in an ongoing Series E funding round that values the company at $6 billion....
April 09, 2025
Thousands of Canadian autoworkers have been furloughed amid new tariffs in the country. Now, Canada’s largest private-sector union is warning these temporary layoffs could be the beginning of larger troubles...
