Economy

Chinese automakers’ ability to undercut competitors globally is remaking the car industry.

S&P Global Market Intelligence’s purchasing managers’ index signaled strong, sustained economic growth in October.

Underwater means they owe more on their current loan than the car is worth, and that share has risen for four consecutive years, according to new Edmunds data.

Kai Ryssdal and Nela Richardson reflect on “The Age of Work,” a two-year reporting project spanning four countries on three continents.

Universal pilot programs in the San Francisco Bay Area gave participants roughly $1,300 monthly for a year.

Median incomes have grown since then. But median home prices have grown faster.

Midsize companies have been taking out lots of loans from regional banks, but rising rates could squeeze them as they refinance loans they took out during the pandemic.

New research found consumers struggling to afford basic necessities are far more likely to turn to high-cost borrowing like payday loans and buy now, pay later services.

The Port of Long Beach in California set its all-time import record in September.

Spending at sporting goods, hobby, musical instrument, and book stores was down 0.5% from the month before. That’s after rising pretty steadily most of the year.