Toyota Motor recently unveiled the highly-anticipated 2025 4Runner SUV after a long hiatus of nearly 15 years without a new model. This release marks the completion of a full redesign of the automaker’s lineup of trucks and SUVs, with the 4Runner now sporting a fresh new look reminiscent of the updated Toyota Tacoma pickup. However,
China’s economy heavily relies on the stability of its housing market. According to Richard Koo, chief economist at Nomura Research Institute, convincing people that home prices are set to rise is crucial for stimulating economic activity in the country. However, the reality seems bleak as both business and consumer appetite for new loans have been
Purchasing a new home can be an exciting and fulfilling experience, but it can also come with unexpected financial burdens. According to a recent survey by Real Estate Witch, nearly 75% of new homeowners have regrets about their purchase, with property taxes being the most common concern, surprising 33% of new owners. This is particularly
General Motors’ Cruise self-driving vehicle unit is making a comeback on U.S. roads after a hiatus since October. The company announced that it will be redeploying a small fleet of human-driven vehicles in Phoenix to kickstart their reentry into the autonomous vehicle market. This relaunch follows an unfortunate incident that occurred in San Francisco in
The Federal Insurance Deposit Corporation (FDIC) recently implemented new requirements for deposit insurance for trust accounts. While the intention behind these changes is to simplify insurance coverage rules for trust accounts, it may have unintended consequences for depositors with over $250,000 in deposits at a bank. The FDIC, established by Congress after the Great Depression
Brazilian private equity firm 3G Capital recently made headlines when it quietly sold off its 16.1% stake in Kraft Heinz, marking the end of an era for the firm. After nearly nine years of being involved in the blockbuster merger of Kraft Foods and Heinz with Warren Buffett, 3G’s influence over Kraft Heinz had been
The U.S. real estate market is currently experiencing a significant increase in the number of “million-dollar” cities, with a record 550 areas where the typical home is valued at $1 million or more. This surge in million-dollar cities can be attributed to the mortgage lock-in effect, according to a recent analysis by Zillow. The lock-in
As the April 15 federal tax deadline approaches, the IRS has introduced a significant update to its Direct File program, an initiative aimed at simplifying the tax filing process for eligible individuals. This update allows users to import crucial information required to verify returns before filing, addressing a key issue that has hindered successful filings
Monday’s solar eclipse has brought about some unexpected disruptions at smaller airports across the country, with flights being halted ahead of the total eclipse. While such disruptions are more commonly caused by weather or heavy traffic in major cities, the high demand for prime eclipse viewing spots caused smaller airports to face unprecedented challenges. According
The recent talks between U.S. Treasury Secretary Janet Yellen and Chinese officials have highlighted the need for China to make significant changes to its industrial and economic policies. Yellen emphasized the importance of shifting policy during her discussions with Vice Premier He Lifeng, pointing to the potential impact on global trade and the economy. This
