Home mortgage rates have soared during the economic recovery from the pandemic, but the swelling ranks ofhomeowners facing steep interest payments this year may find some relief based on how they file their tax returns. Thanks to the mortgage interest deduction, filers who choose to itemize their tax returns rather than take the standard deduction […]Read More

The economy grew at a much more rapid pace than expected in the final three months of 2023, as the U.S. easily skirted a recession that many forecasters had thought was inevitable, the Commerce Department reported Thursday. Gross domestic product, a measure of all the goods and services produced, increased at a 3.3% annualized rate […]Read More

Tesla is recalling approximately 200,000 vehicles over a software glitch that can prevent rearview cameras from displaying properly. According to a document posted on the National Highway Traffic Safety Administration’s website, affected models include 2023 versions of Tesla’s Model S, Model X and Model Y vehicles. Tesla says it has released an over-the-air (OTA) software […]Read More

DETROIT — Ford is recalling nearly 1.9 million Explorer SUVs in the U.S. because a trim piece can fly off and create a hazard for other drivers. The recall covers Explorers from the 2011 through 2019 model years. Documents posted Wednesday by the U.S. National Highway Traffic Safety Administration say that clips holding the trim […]Read More

Nearly everyone, from the Federal Reserve to big-bank chiefs, thought a recession was likely to hit last year. Instead, 2023 delivered better-than-expected economic growth and falling inflation — welcome news for Wall Street investors and 401(k) holders alike. All three major stock indexes closed higher on Thursday after new federal data showed the United States’ […]Read More

The craze for Stanley-branded beverage tumblers continues. In the wake of the arrest of a California woman accused of stealing about $2,500 worth of the products, a search by NBC News reveals that the marketplace for the popular reusable cups remains frenzied. On eBay, an ‘Adventure Quencher Tumbler Parfait Pearlescent’ had 59 bids Wednesday afternoon, […]Read More

The CEO of Alaska Airlines said new, in-house inspections of the carrier’s Boeing 737 Max 9 planes in the wake of a near-disaster earlier this month revealed that “many” of the aircraft were found to have loose bolts. In an exclusive interview with NBC News senior correspondent Tom Costello, Alaska Airlines CEO Ben Minicucci discussed the […]Read More

Three Ivy League universities, along with several other top-tier U.S. schools, have agreed to settle a case brought by a group alleging the institutions conspired to collectively consider how much financial aid to offer to students, allegedly favoring wealthier ones. The largest settlements were agreed to by Columbia University and Duke University, at $24 million […]Read More

The U.S. Department of Education plans to fix an error in how financial aid will be calculated for students starting their post-secondary education next year. However, financial aid experts say implementing the fix to the Free Application for Federal Student Aid (FAFSA) now could lead to delays in the students receiving financial aid offers. The […]Read More