Economy News

General Motors, Honda lead all automakers in recalls

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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

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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

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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

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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

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

CA gas prices soar as supply shrinks

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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

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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

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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

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