Day: June 15, 2022

The Fed Raises Interest Rates by 0.75 Percentage Points to Tackle Inflation

The Federal Reserve took its most aggressive step yet to try to tame rapid and persistent inflation, raising interest rates by three-quarters of a percentage point on Wednesday and signaling that it is prepared to inflict economic pain to get prices under control. The rate increase was the central bank’s biggest since 1994 and could …

The Fed Raises Interest Rates by 0.75 Percentage Points to Tackle Inflation Read More »

Infants Died in Fisher-Price Seats That Are Not for Sleep, Safety Commission Said

After at least 13 infant deaths in rockers manufactured by Fisher-Price, the U.S. Consumer Product Safety Commission warned customers about the risks of inclined products for children in the first months of life. The deaths occurred in the past 12 years and were associated with the Infant-to-Toddler Rocker or Newborn-to-Toddler Rocker, according to an announcement …

Infants Died in Fisher-Price Seats That Are Not for Sleep, Safety Commission Said Read More »

A Rapper’s Delight: Hip-Hop Memorabilia Goes Up for Auction

In the 1970s, D.J. Kool Herc and his sister Cindy Campbell were famous for throwing parties in the rec room of their Bronx high-rise at 1520 Sedgwick Avenue, which became known as the “birthplace of hip-hop.” Now some of the original vinyl records and turntables from those neighborhood jams, and other memorabilia, will be auctioned …

A Rapper’s Delight: Hip-Hop Memorabilia Goes Up for Auction Read More »

American Axle executive: We’re not selling

Asked to address the Bloomberg report from last month, CFO and Vice President Christopher May said the Detroit-based automotive supplier is “focused on our standalone plan to create value for shareholders.” May’s comments came during the livestreamed Deutsche Bank Global Auto Industry Conference. It marked the first time an American Axle executive publicly addressed the …

American Axle executive: We’re not selling Read More »

What the Fed’s Rate Hike Means for Credit Cards and Student Loans

The Fed’s decision to raise its key interest rate by three-quarters of a percentage point is good news for savers, but less so for borrowers: They can expect to pay more on credit card debt, car loans and certain student loans. [Here’s what the Fed’s decision means for mortgages.] Credit Cards Credit card rates are …

What the Fed’s Rate Hike Means for Credit Cards and Student Loans Read More »

GM to invest $81 million to build Cadillac Celestiq EV at Global Technical Center

DETROIT— General Motors plans to invest more than $81 million to build the Celestiq, Cadillac’s flagship electric vehicle, at the automaker’s Global Technical Center. The Celestiq, expected to launch next year, will be the first vehicle built at the Warren, Mich., tech center, which has been GM’s engineering and design hub since the 1950s. The …

GM to invest $81 million to build Cadillac Celestiq EV at Global Technical Center Read More »

Internet Explorer Is Shutting Down in a Burst of Nostalgia

Internet Explorer’s inclusion in the ubiquitous Windows operating system and the requirement that it be used on certain government websites made the browser an inescapable part of daily life for millions, he said. Updated  June 15, 2022, 2:25 p.m. ET It also hastened the demise of Netscape Navigator, the world’s first commercial web browser. “Internet …

Internet Explorer Is Shutting Down in a Burst of Nostalgia Read More »

Shopping Cart