Economy News

General Motors, Honda lead all automakers in recalls


General Motors Co. and Honda Motor Co. topped the U.S. government’s list of automakers with the most recalled vehicles last year…

Costco strikes credit card deal with Citi, Visa


If you’re shopping at Costco, you’ll need a new credit card to pay for those family-sized packs of chicken breasts or toilet paper…

Nasdaq tops 5,000, approaching record high


The Nasdaq composite closed above 5,000 for the first time since its dot-com era peak nearly 15 years ago…

Bill Gates again at top of Forbes’ list of billionaires


Forbes said Monday that Bill Gates’s net worth rose to $79.2 billion in 2015 from $76 billion last year…

Minimum wage in Oakland jumps


The minimum wage in Oakland is now the highest in the San Francisco Bay Area…

CA gas prices soar as supply shrinks


Gas prices are soaring in California the week after an explosion stopped gasoline production at a key refinery…

European Central Bank unveils new 20 Euro bill


The ECB’s president Mario Draghi unveiled the new €20 banknote at the ECB’s headquarters in Frankfurt…

Fewer homes for sale pushes housing prices up in December


U.S. home prices rose in December at a faster pace than the previous month, likely because of a smaller number of homes for sale..

Google teams up with 3 wireless carriers to combat Apple Pay

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Google is teaming up with three major U.S. wireless carriers in an effort to prod more people into using its mobile wallet…

US gas prices jumped 26 cents last month


The average price of a regular gallon of gas jumped 26 cents in the last month…