Declines in new car prices are pushing down used electric vehicle prices, too. They have fallen 17 percent since July, according to Recurrent, which tracks the used car market. That’s largely because of Tesla cutting the price of the Model 3 and G.M. lowering the price of the Chevrolet Bolt by almost $6,000 last year. […]

WASHINGTON — Jerome H. Powell, the chair of the Federal Reserve, underscored on Tuesday that the central bank has more work to do when it comes to slowing the economy, and that officials remain determined to wrestle rapid inflation under control. Mr. Powell, speaking in a question-and-answer session at the Economic Club of Washington D.C., […]

Add escalating labor tensions at Walt Disney World to the list of problems at the world’s largest entertainment company. Unions that represent about 32,000 full-time workers at Disney World — ride operators, costumed performers, housekeepers, restaurant and shop employees, bus drivers, custodians — said on Friday night that members had voted to reject Disney’s offer […]

These days, employees have lots of flexibility when it comes to determining their place of work. Some conduct their responsibilities online from the comfort of their own homes. In contrast, others bounce in and out of temporary office spaces. However, if your business is looking for ways to incentivize workers to return to your building, […]

Turning raw materials into furniture, parts, and artwork is a rewarding experience for fabricators. But the only way to produce beautiful workpieces is with the right tools. If you’re wondering what the best tools for a fabrication shop are, read this list! Band Saw Band saws are some of the most versatile fabrication tools. The […]

As the Federal Reserve has lifted its key interest rate several times over the past year, Americans have seen the effects on both sides of the household ledger: Savers benefit from higher yields, but borrowers pay more. Credit Cards Credit card rates are closely linked to the Fed’s actions, so consumers with revolving debt can […]

What’s Up? (Jan. 22-28) Job Cuts, and Not Just in Tech What began as a wave of ominous job cuts by technology companies is rippling through other industries, most recently media and retail. In the last week alone, layoffs, or reports of coming layoffs, have swept The Washington Post, Vox and Saks.com. Adding to the […]

Economic growth remained solid at the end of last year as the strong job market and cooling inflation allowed Americans to keep spending despite fears of a recession. U.S. gross domestic product, adjusted for inflation, increased at an annual rate of 2.9 percent in the fourth quarter of 2022, the Commerce Department said Thursday. That […]

Spotify, the audio streaming platform, is laying off 6 percent of its work force, or about 600 employees, joining a growing list of big tech companies that are cutting costs amid persistent worries about the global economy. “As you are well aware, over the last few months we’ve made a considerable effort to rein in […]

“This is a gift,” Mr. Pulliam said. “I don’t think that story is told. It’s always doom and gloom.” But for tech workers experiencing their first economic downturn, the cuts have been eye opening. Ms. Chang had studied product design in college with an eye toward joining a tech industry that seemed recession proof. Getting […]