ThemusicalG

The nation’s largest retailer of used cars, CarMax, will pay at least $420,000 to resolve allegations that it repossessed vehicles from U.S. service members without court orders, the U.S. Department of Justice announced Monday.In addition to compensating affected service members, the company will pay a $79,380 civil penalty to the U.S., according to the DOJ.Federal officials accused CarMax of violating the Servicemembers Civil Relief Act (SCRA) by seizing vehicles owned […]

Volvo Cars is recalling over 40,000 of its flagship electric EX30 SUVs because of a risk of battery packs overheating and catching fire.The recall involves replacing modules in the high-voltage battery packs in the SUV, which is a crucial model in Volvo's push to compete with cheaper Chinese brands. The news was first reported by Reuters.The recall covers a total of 40,323 model year 2024-2026 EX30 Single-Motor Extended Range and Twin-Motor […]

One of the plaintiffs in the Supreme Court case that challenged President Donald Trump’s tariff authority says Friday’s ruling against the president’s authority is "not enough."On Friday, the Supreme Court ruled 6-3 against Trump’s tariffs. Later that day, however, Trump announced a 10% global tariff, which he later raised to 15% on Saturday.One plaintiff, Illinois toymaker Rick Woldenberg, CEO of Learning Resources, called the ruling a "small improvement." He joined […]

A new analysis finds prospective homebuyers have seen their purchasing power rise in the last year due to higher incomes and lower mortgage rates.Zillow published a report on Monday that found a median-income U.S. household can now comfortably afford a $331,483 home with a 20% down payment. It found that the typical mortgage payment is 8.4% lower than it was a year ago when excluding taxes, insurance and assuming a 20% downpayment. Mortgage […]