Business

Tesla CEO Elon Musk is raising the alarm over surging silver prices as China prepares to impose new export restrictions on the precious metal.Musk responded to a post on his X social media platform that noted China will begin requiring government licenses for companies to export silver from the country starting on January 1."This is not good. Silver is needed in many industrial processes," the Tesla CEO said.Silver prices have surged […]

While U.S. housing markets are seeing the lowest turnover rates in decades, several metros in Missouri, Texas, Indiana and Nevada are bucking that trend. An analysis by Redfin revealed that just 28 out of every 1,000 U.S. homes changed hands in the first nine months of 2025, marking the lowest rate since the 1990s. Affordability challenges and uncertainty about the economy were the major factors in keeping buyers and sellers from […]

The U.S. economy's resilience in 2025 is expected to carry over when the calendar turns to 2026, with growth expected to accelerate as tax cuts and more favorable financial conditions take hold and headwinds from tariffs and inflation ease, according to Goldman Sachs.Goldman Sachs economists led by Jan Hatzius wrote in their 2026 outlook that this year's economic growth was tempered by the impact of larger than expected tariffs, which […]

Many small business owners are betting on growth in the year ahead, even as inflation, labor shortages and economic uncertainty continue to pressure operations, a new survey finds.About 80% of small business owners say they are confident in their outlook, and about 79% expect revenue growth in 2026, according to Comerica Bank’s Small Business Pulse Index released Dec. 9.Those expecting growth project an average revenue increase of 7.9%."It is evident […]

Silicon Valley’s wealthiest residents are once again threatening to leave California, this time over a proposed state wealth tax that tech founders warn could fundamentally reshape where innovation — and capital — call home.The proposal, backed by the Service Employees International Union–United Healthcare Workers West, would impose a one-time 5% tax on the assets of California residents worth more than $1 billion. Supporters say the revenue could help offset federal funding […]

Product recalls surged in 2025, reaching their highest level in at least a decade as regulators warned consumers about defects in everything from water bottles to countertop ovens to sparkling wine.Here are the top 10 products recalled by the Consumer Product Safety Commission (CPSC) this year.About 850,000 water bottles were recalled after reports that the lid could violently eject, striking users in the face and, in some cases, causing permanent […]

The U.S. housing market is moving in the right direction, but potential buyers aren't going to get too much relief in 2026, according to an industry expert.  Realtor.com senior economic research analyst Hannah Jones projected that inventory will continue to rise and mortgage rates will fall slightly to about 6.3%. While it's not a significant drop, it's still down from the average of 6.6% in 2025, highlighting how the market […]

California dropped its lawsuit against the Trump administration after it pulled roughly $4 billion in federal funding for the state’s high-speed rail project.Court records show that California Attorney General Rob Bonta’s office filed a notice on Dec. 23 voluntarily dismissing the lawsuit without prejudice on behalf of the California High-Speed Rail Authority (CHSRA), which had been seeking to have the federal funding reinstated."This action reflects the State’s assessment that the […]

The IRS unveiled contribution limit changes for popular retirement plans, including 401(k) plans and IRAs.Americans who contribute to 401(k) and 403(b) plans, as well as governmental 457 plans and the federal government's Thrift Savings Plan, will see their contribution limit rise to $24,500 in 2026 — an increase from $23,500 in 2025 — the IRS announced in November.The IRA contribution limit is also rising in the new year, increasing to $7,500 […]