Tag Archives: MoneyWatch

The U.S. and China have agreed on the framework for a trade deal, both nations say. President Trump said at a White House event Thursday that Washington and Beijing had signed an agreement on trade, adding that he expects to have a deal with India soon. But Beijing and the …

Tesla on Friday announced it’s launching new versions of its Model S and Model X vehicles in the U.S., with new price tags to match.  The electric-vehicle maker said the upgraded cars, which it’s rolling out Friday, come with a number of enhancements, including better battery range, improved aerodynamics, aesthetic …

After more than 50 years, Southwest Airlines’ “bags fly free” policy is finally coming to an end.  Southwest on Tuesday announced the first checked bag will cost $35, while a second checked bag will cost $45. The policy will begin tomorrow, when some passengers may be subject to a checked …

President Trump’s forthcoming tariffs on automobiles threaten to make cars more expensive, and some consumers are responding by heading to dealerships before the levies go into effect. Mr. Trump last week announced a 25% tariff rate on vehicles and auto parts imported into the U.S., which are set to go into effect …

One of Japan’s top luxury hotel firms will open an “onsen” hot spring resort in upstate New York that it says will be the first Japanese-run venture of its kind in the United States. Japanese onsens — bath houses where patrons relax naked together in mineral-rich water of various temperatures …

The U.S. labor market continues to simmer as the economy added significantly more jobs than expected in May, furthering the view that the Federal Reserve will wait until at least September to cut interest rates. Employment data also showed the jobless rate inching slightly higher to 4% from 3.9% in April, …

Uniqlo is suing fast-fashion rival Shein, alleging the Chinese retailing giant copied its popular Round Mini Shoulder bag.  Uniqlo’s Japanese parent, Fast Retailing, demanded that Shein halt sales of “imitation products” and pay damages, according to a statement announcing its lawsuit, filed on December 28, 2023, in Tokyo District Court. “The …

Say goodbye to self-serve drink machines, McDonald’s fans.  The fast-food chain plans to get rid of self-service “beverage stations” at its U.S. locations by 2032, McDonald’s confirmed to CBS News on Tuesday. A spokesperson did not say how the change would impact international locations.  McDonald’s USA said the company is …

A punishing heat wave has led to record-high temperatures across much of the U.S., with more than 180 million people living under a heat advisory on Friday. At the same time, the nation is suffering from a “power disconnection crisis,” with millions at risk of having their electricity turned off …

Some 65,000 Hollywood actors have taken up picket signs as of last week, bringing productions to a halt as they fight for higher pay amid inflation and a rapidly evolving entertainment industry. Performers say the annual pay they’ve come to rely on, which is based on residuals from movie and …