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Yearly Archives: 2022

Bank of America to help minorities buy first homes with new mortgages

Morsa Images | Digitalvision | Getty Images To help narrow a homeownership gap among Black and Hispanic-Latino communities, Bank of America is launching new zero down payment, zero closing cost mortgage products to help people in minority communities buy their first homes. The program — called the Community Affordable Loan …

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Car shopping over Labor Day weekend? Here’s what you can expect

Newsday Llc | Newsday | Getty Images In pre-pandemic years, Labor Day sales events offered generous discounts on new cars as dealerships aimed to clear out current-year models and start selling the next year’s versions. These days? Not so much. The average new-car discount offered by manufacturers is down an …

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Shopify warns sellers against using Amazon’s ‘Buy With Prime’ service

The logo of Shopify is seen outside its headquarters in Ottawa, Ontario, Canada, Sept. 28, 2018. Chris Wattie | Reuters Shopify is pushing back on Amazon’s one-click checkout service. The e-commerce platform is warning merchants who try to install Amazon’s Buy With Prime button on their storefront that it violates …

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Republicans may try to block student loan forgiveness

Sen. Ted Cruz, R-Texas, is reportedly considering a challenge to President Biden’s student loan forgiveness effort. Anna Rose Layden | Getty Images News | Getty Images A number of Republican legislators may bring a legal challenge against President Joe Biden’s historic announcement last week that he’d forgive the student debt …

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Nvidia says U.S. government allows A.I. chip development in China

A sign is posted at the Nvidia headquarters on May 25, 2022 in Santa Clara, California. Justin Sullivan | Getty Images Nvidia on Thursday said the U.S. Government will allow it to continue developing its H100 artificial intelligence chip in China. It’s a win for the company after it warned …

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GM’s Cruise recalls and updates self-driving software following crash

A robot car of the General Motors subsidiary Cruise is on a test drive. Andrej Sokolow | picture alliance | Getty Images General Motors’ autonomous vehicle unit Cruise has recalled and updated software in 80 self-driving robotaxis after a June crash in San Francisco that resulted in minor injuries, according …

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Borrowers react to Biden plan

Alexandra Steinheimer has dreamt of a life free from student debt since she graduated college over a decade ago.  She holds about $20,000 in student loan debt, half of which is in federal loans. At times, the debt has felt like an “inescapable burden,” the 35-year-old says, causing her to …

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Amazon took solar rooftops offline last year after fires, explosions

Amazon turned off solar energy systems at all of its U.S. facilities in 2021 after a rash of fires and explosions, including one at its Fresno warehouse in 2020. Fresno Fire Department On the afternoon of April 14, 2020, dozens of firefighters arrived at an Amazon warehouse in Fresno, California, …

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California moves to ban new oil wells within 3,200 feet of homes

Oil well and pump jacks near housing developments in the City of Signal Hill in Los Angeles County, California. Citizen of the Planet | Education Images | Universal Images Group | Getty Images California lawmakers on Wednesday sent a bill to the governor that would impose a statewide buffer zone …

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Port of New York and New Jersey delay late container fee

New York and New Jersey port officials tell CNBC they are not going live with the container fee they had planned for September 1. The Port of New Jersey has had a container imbalance of over 200,000 since January and the fee was to encourage the evacuation of both late …

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