General Motors removing heated seat option due to chip shortage

The semiconductor shortage is having a chilling effect at GM. The automaker confirmed it's removing the heated seat option from several 2022 models to help conserve supply.

How to decide if you need flood insurance for your home

Do you own or rent a home in an area with elevated flood risk? Here's how to decide if you need to take out a separate flood policy.

Johnson & Johnson plans to split into 2 public companies

Johnson & Johnson is breaking into two companies, separating the division that sells Band-Aids and Listerine from its prescription drug business.

10 military veterans who became Fortune 500 CEOs

Here are 10 U.S. veterans who have occupied the c-suite at some of America’s biggest companies.

Fed to begin tapering its assets, economists say it will send interest rates higher

The Federal Reserve announced after its November meeting that it will begin tapering its economic stimulus. Here's what that could mean for interest rates.

Student loan forgiveness memo: Expert says Biden has authority to cancel student debt

The White House recently released a memo about canceling debt for federal student borrowers, but the text was heavily redacted. Here's what one expert thinks that means.

Inflation causes biggest price increase in three decades

Inflation has the price of turkey up 27% over last year. You will be spending almost $5 more on a 15-pound bird.

Port Canaveral CEO delivers State of the Port address

In his State of the Port address, Murray made no bones about this past year being a tough one for the port. “17 months without cruise revenue in this port is horrific,” he said, “but we got though it! And that's the important part.”

Elon Musk sells $1.1B in Tesla stock after Twitter poll

The sales, disclosed in two regulatory filings late Wednesday, will cover tax obligations for stock options granted to Musk in September.

Disney returns to profit in 4Q, but streaming gains slow

The Walt Disney Co. returned to a quarterly profit as it once again got a bump from reopened parks, but subscriber gains to its Disney+ streaming service slowed.

Biden touts $1T infrastructure plan as eventual fix to supply chain backlog, inflation

President Joe Biden is touting his $1 trillion infrastructure plan at the Port of Baltimore as an eventual fix for the nation’s inflation and supply chain woes -- if Americans just have the patience to wait for the construction to begin.

Holiday shoppers plan to spend more money in 2021 after 2 years of decline, TransUnion finds

Many consumers are planning on spending more money this holiday shopping season amid supply chain issues. Here's how consumer behavior may change the way you finance holiday expenses.