Business

A company that makes self-defense products has spent the last few years moving much of its manufacturing to the U.S. and is finding the benefits extend beyond having the ability to put a "Made in America" label on their products.Byrna Technologies, which makes non-lethal personal security devices that can launch plastic or chemical irritant rounds, moved its main manufacturing facility from South Africa to Indiana in 2021 and began finding qualified […]

FedEx sued the U.S. government Monday, seeking a full refund of tariffs assessed under President Donald Trump’s order targeting imports.The lawsuit is one of the highest-profile moves by a major American company following the Supreme Court's 6-3 ruling Friday, which determined that the president did not have the authority under the International Emergency Economic Powers Act (IEEPA) to impose such tariffs.The complaint, filed against the government and U.S. Customs and […]

The nation’s largest retailer of used cars, CarMax, will pay at least $420,000 to resolve allegations that it repossessed vehicles from U.S. service members without court orders, the U.S. Department of Justice announced Monday.In addition to compensating affected service members, the company will pay a $79,380 civil penalty to the U.S., according to the DOJ.Federal officials accused CarMax of violating the Servicemembers Civil Relief Act (SCRA) by seizing vehicles owned […]

Volvo Cars is recalling over 40,000 of its flagship electric EX30 SUVs because of a risk of battery packs overheating and catching fire.The recall involves replacing modules in the high-voltage battery packs in the SUV, which is a crucial model in Volvo's push to compete with cheaper Chinese brands. The news was first reported by Reuters.The recall covers a total of 40,323 model year 2024-2026 EX30 Single-Motor Extended Range and Twin-Motor […]

One of the plaintiffs in the Supreme Court case that challenged President Donald Trump’s tariff authority says Friday’s ruling against the president’s authority is "not enough."On Friday, the Supreme Court ruled 6-3 against Trump’s tariffs. Later that day, however, Trump announced a 10% global tariff, which he later raised to 15% on Saturday.One plaintiff, Illinois toymaker Rick Woldenberg, CEO of Learning Resources, called the ruling a "small improvement." He joined […]

A new analysis finds prospective homebuyers have seen their purchasing power rise in the last year due to higher incomes and lower mortgage rates.Zillow published a report on Monday that found a median-income U.S. household can now comfortably afford a $331,483 home with a 20% down payment. It found that the typical mortgage payment is 8.4% lower than it was a year ago when excluding taxes, insurance and assuming a 20% downpayment. Mortgage […]

As fears grow that a potential U.S. strike on Iran could choke off global oil supplies and send prices soaring, former Energy Secretary Dan Brouillette says strong American production is keeping a lid on a $100-a-barrel price shock for now."What we are not seeing is a lack of supply in the marketplace. That is traditionally what would drive prices higher. That is not the case today," Brouillette said Monday.Instead, he […]

The Trump Organization signed an agreement to build a $1 billion skyscraper on Australia's Golden Coast, the company announced on Friday.The $1.06 billion building will rise 91 floors in the Australian state of Queensland, the Trump organization said in an announcement. The building will feature a "six-star resort-hotel" with 270 apartments as well as assorted shops and a beach club, said local developer Altus Property Group."Australia’s tallest building will be […]

Another T206 Honus Wagner baseball card, considered to be the "Holy Grail" of the collectible space, was recently discovered and has been sold at auction for $5.124 million.The sale was conducted via Goldin Auctions, and it included the buyer’s premium. It’s now the third-most expensive T206 Wagner card ever after a $6.606 million copy was sold in August 2021 and another for $7.25 million in August 2022. This recently discovered copy had […]