Finance

Inflation surged in April to the highest rate since 2023

US annual inflation accelerated more than expected, with the consumer price index rising 3.8% in April from a year ago. Economists expected a 3.7% increase, and it’s the highest inflation rate since 2023. Loading audio narration… CPI increased 0.6% from March, as expected, and was cooler than March’s 0.9% rise.The…

The Great Wealth Transfer’s real recipients? Elder-care costs.

The great wealth transfer is taking place, but it’s not landing in the pockets of the supposed heirs. Loading audio narration… Costly long-term elder care is putting a major dent in the trillions of dollars in wealth held by boomers that’s been earmarked for their Gen X and millennial children.Zach…

Affordable vehicles are becoming harder to find for Americans

Looking to buy a cheap car? Good luck. Loading audio narration… Affordable vehicles — new or used — are becoming harder to find in American dealership lots, according to fresh data from online automotive marketplace CarGurus.In April, the average listing price for a new vehicle climbed to $50,400, up 1%…

The death of the Killer App Idea guy

Like a lot of guys of the era, Eli Cohen had a great idea for an app back in 2010. But unlike many of his peers, whose musings were confined to bar hangouts and bad dates, he actually invested about $20,000 of his own money to try to bring the…

End of an era: Tesla has built its final Model S and Model X vehicles

Tesla once arranged its core vehicle lineup to spell “S3XY.” Now, the company is left with “3Y” — plus the Cybertruck. Loading audio narration… Tesla said Saturday that it had produced the final Model S and Model X vehicles at its Fremont, California, factory, ending 14 years of Model S…

Marines are trying to get ready for punishing future fights, but commanders say they’re stretched thin and short on time

The US Marines believe future wars will require fundamentally new skills and ways of fighting, but commanders worry that current demands are consuming precious time needed to prepare for tomorrow’s battlefields, likely to punish even small shortcomings. Loading audio narration… Getting ready for potential future fights defined by drones, constant…