Author: Editor

A Ford mustang is seen at a used car dealership in Montebello, California on May 5, 2025. Frederic J. Brown | AFP | Getty ImagesDETROIT — A closely watched barometer for used vehicle pricing jumped last month to its highest level since October 2023 as consumers rushed purchases amid fears of price hikes due to auto tariffs.Cox Automotive’s Manheim Used Vehicle Value Index — which tracks prices of used vehicles sold at its U.S. wholesale auctions — increased 4.9% last month compared with a year earlier to a level of 208.2.It also marked a 2.7% increase from March. That’s a…

Women working at small businesses have a higher likelihood of making it into upper management than women at larger employers, a new study shows.The disparity grows the longer women stay with one company. ADP Research found that 20% of women with eight years on the job who were employed at small businesses with fewer than 50 employees reported having upper management positions, compared to 8% of women at larger businesses.”We see two possible explanations for this finding,” the report said. “First, large employers have many layers of leadership, while smaller ones are flatter. Upper management at a small employer might…

Inflation-adjusted amounts for health savings accounts are headed up in 2026, according to the Internal Revenue Service, though not at levels seen in recent years.The agency said for calendar year 2026, the annual limitation on deductions for an individual with self-only coverage under a high deductible health plan will be $4,400, up from $4,300 this year.Among other increases for 2026:The annual limitation on deductions for an individual with family coverage under a high deductible health plan is $8,750, up from $8,550 in 2023. A “high deductible health plan” will be a plan with an annual deductible that is not less than…

A new Disney theme park is coming to Abu Dhabi.The Walt Disney Co. announced Wednesday that it has reached an agreement with immersive destination and experiences company Miral to bring a park and resort to Yas Island in the United Arab Emirates.This will be Disney’s seventh theme park resort and it will be fully developed and built by Miral. Disney’s imagineers will lead creative design and operational oversight on the project. The entertainment giant will not be investing capital in the project, but will reap the benefits of royalties.The development in Abu Dhabi is not part of the $60 billion that…

The New York Stock Exchange is seen during morning trading on July 31, 2024 in New York City. Michael M. Santiago | Getty Images News | Getty ImagesLast year, banks quickly raised interest rates to record levels and added new monthly fees on credit cards when a Consumer Financial Protection Bureau rule threatened a key revenue source for the industry.Now, they’re far more reluctant to reverse those steps, even after bank trade groups succeeded in killing the CFPB rule in federal court last month.Synchrony and Bread Financial, two of the biggest players in the business of issuing branded credit cards for the likes…