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☆ I went on an 8-month solo road trip after a breakup. I'm engaged now, but I still travel alone.
▼ + stars: | 2024-02-26 | by ( Alka Bhatt | ) www.businessinsider.com time to read: +5 min

Alka Bhatt says her solo trip gave her a love of traveling alone. Courtesy Alka BhattI'm now engaged, but solo trips are still integral to my lifeIt's been nearly three years since my solo trip, and when I got home, I felt ready to date authentically. Rather than mold myself to be more desirable, I listened to my wants and needs and looked for compatibility. Within a few months, I met someone special, and a year into our relationship, I felt he was the one. On a weekend trip to DC last month, I took myself out to a fancy Sichuan restaurant after thrifting at a trendy shop.

Persons: —, I'd, Alka Bhatt, Alka Bhatt I'm, It's Organizations: Service, Business, Toyota, Teton, DC Locations: Philadelphia, Texas, Houston, Pennsylvania, Lake Huron, Upstate New York, Sichuan

GRAND RAPIDS, Mich. (AP) — Bartender Catey Regis had a pricey misadventure buying a used car recently — an experience that speaks to why voters are worrying about the U.S. economy going into this year's presidential election. “To me, it’s a telltale sign about the economy," Regis explained from a bar stool after her shift. But conversations with dozens of voters around Grand Rapids — a city of 200,000 in one of Michigan’s swing counties — show they're thinking about the economy through their own experiences. Grand Rapids is the seat of Kent County, which backed Trump in 2016 and then flipped to Biden in 2020. To the extent that the economy is doing well, there is little confidence that it is necessarily sustainable.

Persons: Catey Regis, it’s, Regis, Joe Biden, Donald Trump, Biden, Trump, ”, Cameron Brown, “, Scott Thompson, Uber, ” Thompson, Teresa Johnson, Johnson, Nikki Haley, Charles Kroll, he’s, ” Kroll, Arick Davis, Davis, ” Davis, ___ Boak Organizations: Founders Brewing, Toyota Corolla, Republican, Westwood, Trump, Democrat, South, Biden, Census, Chamber, Commerce, Business Locations: GRAND RAPIDS, Mich, U.S, Grand Rapids, Kentwood, East, Ukraine, Caledonia, South Carolina, Grand, Kent County, South East Grand Rapids, Commerce “, Washington

☆ Bring Office Cubicles Back; Improve Employee Productivity, Hybrid Work
▼ + stars: | 2024-02-05 | by ( Kelli María Korducki | ) www.businessinsider.com time to read: +13 min

In a memorable montage from the 1999 workplace satire "Office Space," Peter Gibbons, a fed-up office drone, decides to take a stand. For years, the office cubicle was the four-walled avatar of corporate disaffection. Late '90s films like "Office Space," "Fight Club," and "The Matrix" enshrined its detested status. The tech boom arrived, bringing with it open office plans and a Silicon Valley-led gloss of egalitarianism, epitomized by Google's high-profile headquarters redesign in 2005. The top comment on the "Office Space" cubicle clip on YouTube captures the irony of this shift: "I would have killed for a cubicle," the commenter wrote.

Persons: Peter Gibbons, Google's, weren't, Nikil Saval, Slack, hasn't, Joseph Country, Heather Chapman, Chapman, Sydney Baker, there's, Baker, Thomas Roulet, Roulet, somethings, it's, Kevin Kelley, Shook Kelley, Kelley, cubicles, hewing Organizations: Toyota Corolla, Porsche, Workers, YouTube, Research, Harvard Business School, Environmental Psychology, University of Cambridge Locations: Silicon, Michigan, Louisville , Kentucky, —, Charlotte , North Carolina

☆ Toyota is still No.1 but recalls and certification scandals add to list of problems
▼ + stars: | 2024-01-30 | by ( Michelle Toh | ) edition.cnn.com time to read: +5 min

The Japanese manufacturer said Tuesday it had sold a record 11.2 million vehicles worldwide in 2023, including its Daihatsu and Hino lineups. By comparison, Volkswagen Group announced earlier this month that it had delivered 9.2 million vehicles last year, up 12% compared to 2022. Volkswagen later gained on the Japanese company, unseating Toyota in 2017. That compared with 104,000 battery-powered vehicles sold by Toyota, which has long lagged behind in the global EV race. The company, which is a leader of hybrid cars, sold 3.7 million electric vehicles total in 2023 when including hybrids.

Persons: Hong Kong CNN —, ” Toyota, Toyota, BYD, Warren Buffett, Tesla Organizations: Hong Kong CNN, Hong Kong CNN — Toyota, Volkswagen, Toyota, Daihatsu, Hino, Volkswagen Group, General Motors, Toyota Industries, Cruiser Locations: Hong Kong, Japan, United States, Europe, North America, China

☆ Toyota tells drivers of 50,000 cars to get immediate repairs because their airbag inflators could explode
▼ + stars: | 2024-01-30 | by ( Tom Carter | ) www.businessinsider.com time to read: +2 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewToyota has told drivers of around 50,000 of its vehicles in the US to get urgent repairs over fears that their airbag inflators could explode, causing "serious injury or death." This story is available exclusively to Business Insider subscribers. Takata airbag inflators have been linked to more than 30 deaths and hundreds of injuries since 2009, and have been responsible for the largest safety recall in automotive history. AdvertisementToyota did not immediately respond to a request for comment from Business Insider, made outside normal working hours.

Persons: — Organizations: Service, Business, Toyota, BMW, Daihatsu

TOKYO (AP) — Japanese transport officials raided a Toyota-affiliated plant Tuesday after the company admitted to cheating on engine testing, as Toyota Motor Corp. reported it sold over 11 million vehicles in 2023 to retain its status as the world’s top car manufacturer. In April, a whistleblower exposed that Daihatsu Motor Corp., which makes small cars and is 100% owned by Toyota, had been cheating on its testing for decades. In 2022, Hino Motors, a truck maker that’s also part of the Toyota group, said it had systematically falsified emissions data dating back as far as 2003. But production has been halted on some of the models, including the 10 models affected by the latest cheating. Sato has acknowledged Toyota group companies need better communication and education about the importance of complying with rules.

Persons: Akio Toyoda, ” Toyoda, Toyoda, Sakichi Toyoda, Kiichiro Toyoda, Akio’s, Koji Sato, that’s, Sato, Daisuke Uchida, ” Uchida, “, ” ___ Yuri Kageyama Organizations: TOKYO, Toyota, Toyota Motor Corp, Toyota Industries Corp, Lexus, Volkswagen AG, Reporters, Daihatsu Motor Corp, Hino Motors, Nikkei, Toyota Industries, Cruiser, General Motors Co, Pontiac, Keio University Locations: Hekinan, Aichi Prefecture, Japan, Nagoya, Tokyo, Europe, East, Africa, Asia, North America, United States, California

DETROIT (AP) — Toyota is telling the owners of about 50,000 older Corolla, Corolla Matrix and RAV4 models to stop driving them because their Takata air bag inflators are at risk of exploding and hurling shrapnel. The recalled RAV4s have Takata driver's air bags while the Corolla and Matrix models have them on the passenger side. The Corolla and Matrix also are under a separate recall because their air bags can be deployed without a crash, the company said. Takata used volatile ammonium nitrate to create a small explosion to inflate air bags in a crash. The exploding air bags sent Takata of Japan into bankruptcy.

Persons: Toyota, RAV4s, Takata inflators Organizations: DETROIT, Toyota, Corolla Locations: U.S, Malaysia, Australia, Japan

☆ I grew up always wanting to drive my own car. But I'm from the world's most expensive city to live in, and now I know I never will.
▼ + stars: | 2024-01-14 | by ( Matthew Loh | ) www.businessinsider.com time to read: +12 min

AdvertisementFor car buyers, the COE is an extra cost that can easily eclipse the actual price of a car. These BMW family cars cost around $103,000 in 2017. COE prices went up to $67,000 that year for lower-end cars, despite more than 13,000 certificates being made available. On Thursday, COE prices for lower-end cars fell to about $48,000, a steep drop that shocked the market. Meanwhile, while unpopular, Singapore's COE prices are working for now.

Persons: —, Mikel Bilbao, Edgar Su, Reuters They've, EDGAR SU, Walter Theseira, Theseira, Singapore's, We've, ROSLAN RAHMAN, we've, Aditya Irawan, it's, they're, Benjamin Loo Organizations: Service, Volvo, Volkswagen, Hyundai, VW, Getty, COE, BMW, Reuters, Toyota Corolla, Singapore University of Social Sciences, ROSLAN RAHMAN Singapore, Yokohama JR Line, The New York Times, Uber, Temasek Holdings, CarTimes, Straits Times Locations: Singapore, European, New York City, Tokyo, Yokohama, New York, Asia, Jakarta, Bangkok, Kuala Lumpur

☆ New Toyota Camry will be hybrid-only
▼ + stars: | 2023-11-15 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +5 min

CNN —The Toyota Camry, the best-selling car in America, is going hybrid-only. The Camry is available in a hybrid version now, but the redesigned 2025 Camry will be offered only as a hybrid car combining a gasoline engine with electric motors. Making the Camry hybrid-only is a big step. The Toyota Crown Signia is a new hybrid-only SUV. Besides unveiling the new Camry Tuesday night, Toyota also revealed another new hybrid-only SUV model, the Crown Signia.

Persons: there’s, We’ve, ” Mike Tripp, Tyson Jominy, “ It’s, ”, “, Jominy, Tripp Organizations: CNN, Toyota Camry, Toyota, Camry, J.D, They’re, Corolla, Lexus Locations: America, Sienna, United States

Rodriguez and her four siblings grew up working on the farm and selling its products at farmers markets back in the city. Farm to operating tableThough she's close with her family, it was difficult breaking the news to her parents that she didn't want to continue working on the farm beyond high school, Rodriguez says. Her parents helped some, and she applied for scholarships, allowing Rodriguez to earn her bachelor's without taking on student debt. In fact, working with patients is one of the highlights of her work. How she spends her moneyEven after paying off her debt, Rodriguez has continued to save around 50% of her income.

Persons: Rodriguez, Chabely Rodriguez, Liam Mays, hasn't, CAAs, Andrea Desky, they're, undergrad, hustled, Donald Trump, I've, Gene Kim, HBO Max, she's Organizations: CNBC, CAA, Brooklyn College, District of Columbia, Nova Southeastern University, Housing, HBO, Toyota Corolla, YouTube Locations: Tampa , Florida, New York, Mexico, Brooklyn, Florida, Fort Lauderdale , Florida, anesthesiology, Costa Rica

☆ From Africa to America, a Vintage Mercedes Never Left His Mind
▼ + stars: | 2023-10-20 | by ( A.J. Baime | Photographs Tyler Dane Hansen For The Wall Street Journal | ) www.wsj.com time to read: 1 min

Praveen Asthana , 58, a co-founder of Accelsius, a startup specializing in liquid cooling technology for data centers, who lives in Austin, Texas, on his 1979 Mercedes-Benz 300 SD Turbo Diesel, as told to A.J. My father was a teacher from India, and he moved to Africa when I was a year old. I grew up in Zambia, in a town called Mufulira. All the businessmen and politicians drove Mercedes-Benz cars, and most others drove more affordable cars like the mustard-yellow Toyota Corolla my father drove. Mercedes was the only fancy car you could buy.

Persons: Praveen Asthana, A.J, Mercedes Organizations: Benz, Turbo Diesel, Mercedes, Toyota, Porsche Locations: Austin , Texas, India, Africa, Zambia

☆ Will Sam Bankman-Fried take the witness stand? It would be dangerous — but he has little to lose.
▼ + stars: | 2023-10-19 | by ( Jacob Shamsian | Katie Balevic | ) www.businessinsider.com time to read: +12 min

Sam Bankman-Fried needs to decide soon whether he'll take the witness stand in his criminal trial. AdvertisementAdvertisementCaroline Ellison testified in the trial of her ex-boyfriend, Sam Bankman-Fried JANE ROSENBERGFor that reason, the case against Bankman-Fried rests on the credibility of his alleged co-conspirators. In their own questioning of the cooperating witnesses, prosecutors have encouraged them to be open about taking responsibility for their crimes. Court sketch of Sam Bankman-Fried on the first day of his trial JANE ROSENBERG/ReutersIf Bankman-Fried takes the stand, he'll be cross-examined by prosecutors. If Bankman-Fried takes the stand, prosecutors will almost certainly point to more material and catch him in any contradictions.

Persons: Sam Bankman, he'll, he's, —, They're, Fried, Mark Cohen, Lewis Kaplan, who's, Cohen, He's, Caroline Ellison, Gary Wang, Nashad Singh, Sarah Krissoff, Cozen O'Connor, FTX, Mary Altaffer, Kaplan, Paul Tuchmann, Wiggin, Dana, Tuchmann, Adam Yedidia, Fried JANE ROSENBERG, Ellison, Wang, Singh, Bankman, Wang forthrightly, Ellison teared, slovenliness, Prosecutors —, Krissoff, JANE ROSENBERG, hedged, didn't, Judge Kaplan's, SBF Organizations: Service, Defense, US, Alameda Research, Former Alameda Research, AP, Prosecutors, Toyota Corolla, Reuters, ABC News, Alameda . Locations: Manhattan, Alameda, New York, FTX

Bankman-Fried has pleaded not guilty to charges of stealing billions of dollars from customers at his now-defunct FTX cryptocurrency exchange. "He didn't think rules like 'don't lie' or 'don't steal' fit in to that framework," said Ellison, who ran Bankman-Fried's crypto-focused hedge fund Alameda Research. Ellison said Bankman-Fried asked her to falsify Alameda's financial statements to keep lenders at bay amid a downturn in cryptocurrency markets in 2022. BANKMAN-FRIED THOUGHT HE COULD BECOME U.S. PRESIDENTBankman-Fried was "very ambitious," Ellison said, adding that he "thought there was a 5% chance he would become president some day." Prosecutors have said that Bankman-Fried used customer funds as he pleased, and that the resulting shortfall caused FTX's collapse.

Persons: Caroline Ellison, Sam Bankman, Fried, Ellison, Bankman, Prosecutors, ELLISON Ellison, Jody Godoy, Luc Cohen, Noeleen Walder, Matthew Lewis Organizations: Alameda, Federal Court, Reuters, REUTERS Acquire, Alameda Research, Toyota Corolla, Prosecutors, Thomson Locations: New York City, U.S, Alameda, Bahamas, FTX, Binance, China, New York

Eventually, according to Ellison, Bankman-Fried chose the one that omitted a line saying "FTX borrows," hiding $10 billion in borrowed customer money. When asked by Sassoon why she continued with the scheme, Ellison said, "Sam told me to." She said Bankman-Fried told her she should have hedged and, "speaking loudly and strongly," said it was her fault. CEO Sam Bankman-Fried Bloomberg | Bloomberg | Getty ImagesEllison then went into her own emotional state. After all the movement of FTX money, the company only had $4 billion to cover $12 billion in customer holdings, she said.

Persons: Caroline Ellison, Yuki Iwamura, Sam Bankman, Saudi Crown Prince Mohammed bin Salman, Ellison, Fried, Danielle Sassoon, Genesis, Gary Wang, Nishad Singh, Bankman, FTX, Mark Cohen, District Judge Lewis Kaplan, Jane Rosenberg, Sassoon, Sam, Mohammed bin Salman, Jane Street, Slack, she'd, who'd, sloppily Organizations: Alameda Research, Bloomberg, Getty, Saudi Crown, U.S, District, Federal Court, Reuters, Stanford, Bankman, Wall, Alameda, New York Times, MBS, Vox, Forbes, Twitter, Toyota Corolla, Fried Bloomberg Locations: New York, Bankman, Alameda, FTX, New York City, U.S, San Francisco Bay, Saudi, Japan

☆ Sam Bankman-Fried believed his wild hair helped him get higher bonuses early in his career and was 'very valuable,' Caroline Ellison testifies
▼ + stars: | 2023-10-11 | by ( Grace Kay | Jacob Shamsian | Katie Balevic | ) www.businessinsider.com time to read: +4 min

Caroline Ellison told jurors that Sam Bankman-Fried curated his image, especially his messy hair. Ellison said he believed his hair was "essential to his image" and was the reason for past bonuses. AdvertisementAdvertisementSam Bankman-Fried had a carefully curated image — unruly hair and all — according to his ex-girlfriend Caroline Ellison. Additionally, Bankman-Fried encouraged Ellison to have a Twitter in order to generate positive press for the company, she said. Bankman-Fried told Yahoo Finance Live in April 2022 before FTX collapsed.

Persons: Caroline Ellison, Sam Bankman, Fried, Ellison, —, FTX, didn't, — Ellison, he'd, Jane Street, Bankman, Sam Bankman Fried, Michael Lewis, It's, Lewis Organizations: Toyota Corolla, Service, Alameda Research, Honda, Bloomberg, Yahoo Finance, FTX Locations: Manhattan, Alameda, Bankman, Bahamas, FTX

☆ Desmond Tutu's modest car reminds South Africans of his values
▼ + stars: | 2023-10-07 | by ( ) www.reuters.com time to read: +2 min

Archbishop Desmond Tutu laughs as crowds gather to celebrate his birthday by unveiling an arch in his honour outside St George's Cathedral in Cape Town, South Africa, October 7, 2017. REUTERS/Mike Hutchings/File Photo Acquire Licensing RightsCAPE TOWN, Oct 7 (Reuters) - South Africa's anti-apartheid hero Desmond Tutu could have chosen practically any car in the world when billionaire Warren Buffett offered to buy him a vehicle. The Desmond Tutu Intellectual Property Trust, which manages his legacy, has put the old car on show along with his books and possessions in honour of Tutu's 92nd birthday, which he would have celebrated on Saturday. The car, displayed in Cape Town, the city where the archbishop lived for most of his later life, became a symbol of Tutu's values. Desmond Mpilo Tutu, awarded the Nobel Peace Prize in 1984 for his non-violent opposition to white minority rule, died in 2021.

Persons: Desmond Tutu, Mike Hutchings, Warren Buffett, Mercedes Benz, Tutu's, Mamphela Ramphele, Tutu, Ramphele, Nelson Mandela, Desmond Mpilo Tutu, Esa Alexander, Anait Miridzhanian, Andrew Heavens Organizations: REUTERS, Toyota Corolla, Trust, Reuters, Thomson Locations: St George's Cathedral, Cape Town , South Africa, Cape Town, Africa

☆ Michael Lewis says being around Sam Bankman-Fried was a downgrade from his more materialistic life: 'The food was worse. The company was worse.'
▼ + stars: | 2023-10-05 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

Michael Lewis, the author of "Going Infinite," said being around SBF was a lifestyle "downgrade." Lewis met Sam Bankman-Fried more than 100 times and interviewed his FTX colleagues for the book. So I always felt it was a downgrade moving into his world," Lewis told Emily Donaldson in a Wednesday report in The Globe and Mail, a Canadian newspaper. I would have had as much trouble with this crowd when I was 25," Lewis told Donaldson. Lewis told CBS's "60 Minutes" the crypto exchange would still be making "tons of money" if there hadn't been a run on customer deposits.

Persons: Michael Lewis, Lewis, Sam Bankman, —, Emily Donaldson, Fried, Donaldson, CBS's Organizations: Service, Canadian, Toyota Corolla, Bankman Locations: SBF, The Globe, Bahamas, Hong Kong

☆ The founder of Tesla's biggest China rival reportedly drank a glass of battery fluid to impress one of Warren Buffett's lieutenants
▼ + stars: | 2023-10-04 | by ( Alexa St. John | ) www.businessinsider.com time to read: +5 min

Its founder, Wang Chuanfu, once drank battery fluid to impress big-name investors, the Wall Street Journal reported. AdvertisementAdvertisementThe founder of Chinese automaker BYD, Tesla's biggest global EV rival, once drank battery fluid in front of a big-name investor to show just how serious he was about his company, the Wall Street Journal reported Wednesday. David Sokol, a lieutenant of Warren Buffett's Berkshire Hathaway, noticed BYD's momentum and visited the company in Shenzhen as early as 2008, according to the Wall Street Journal. BYD saw some hiccups as other Chinese EV makers entered the market and Tesla shored up its Chinese operations. Aside from BYD's unique business achievements, its two head executives also have a noteworthy and fascinating dynamic, the Wall Street Journal reported.

Persons: Elon Musk, Wang Chuanfu, BYD, —, Stella Li, Tesla, David Sokol, Warren Buffett's Berkshire Hathaway, Sokol, Wang Organizations: Elon, Wall Street Journal, Service, EV, Wall Street, Sony, Wall, Motorola, Nokia, Toyota Corolla Locations: China, Shenzhen, Berkshire, BYD, Europe, Southeast Asia, Munich

The teens, ages 18 and 16, appeared separately before a judge who scheduled each to appear again next Tuesday in Las Vegas Justice Court. The 16-year-old was arrested Tuesday on suspicion of murder and other charges after the video of the bicycle crash circulated widely on the internet. Probst’s widow, Crystal Probst, and daughter, Taylor Probst, were in court for Thursday's hearing but left immediately afterward without speaking with reporters. Male voices in the car can be heard laughing as the vehicle steers toward Probst and rams the bicycle. Wolfson declined to say Thursday whether police have the cellphone on which the video was allegedly recorded.

Persons: Andreas “ Andy ” Probst, ”, Steve Wolfson, Wolfson, David Westbrook, Rebecca Saxe, Probst’s, Crystal Probst, Taylor Probst, Probst Organizations: LAS VEGAS, Las Vegas Justice, Police, Associated Press, Hyundai, Toyota Corolla Locations: Las Vegas, Las, Los Angeles, Bell, ” Clark County, Nevada

☆ Police Arrest 29-Year-Old in Ambush Shooting of Los Angeles County Deputy
▼ + stars: | 2023-09-18 | by ( Adeel Hassan | More About Adeel Hassan | ) www.nytimes.com time to read: +1 min

“He never gave our deputy a chance, but yet our men and women gave this individual a chance to take him into custody peacefully,” Sheriff Luna said at the news conference. Sheriff Luna said on Monday that media reports, which circulated photos and a description of the vehicle, were helpful in eliciting the tips that led to the arrest. The vehicle in question, as well as several firearms, were taken by investigators at the house, Sheriff Luna said. “Not just anybody becomes a field training officer,” Sheriff Luna said over the weekend. “It’s usually the best of the best.”“Our deputy was a devoted family member and a cherished community member,” Sheriff Luna said in a statement Sunday.

Persons: “, Sheriff Luna, Clinkunbroomer, ” Sheriff Luna, “ It’s, ” “ Organizations: Toyota, ” Locations: Palmdale

☆ Check out Toyota's new $170,000 SUV taking on Bentley and Rolls-Royce
▼ + stars: | 2023-09-11 | by ( Tim Levin | ) www.businessinsider.com time to read: +1 min

Toyota unveiled the new Century, a $170,000 SUV. The Century SUV is designed for people who prefer being chauffeured. But it saves something special for its home market: the Century, an ultra-luxury sedan designed to be chauffeured in. On Wednesday, Toyota unveiled a new Century SUV that looks ready to take on the likes of Bentley and Rolls-Royce. And this Century, Toyota said, will be available to customers outside Japan.

Persons: Bentley Organizations: Toyota, Service, Corolla, Royce Locations: Wall, Silicon, Japan

☆ Elon Musk moving servers himself shows his 'maniacal sense of urgency' at X, formerly Twitter
▼ + stars: | 2023-09-11 | by ( Walter Isaacson | ) www.cnbc.com time to read: +14 min

Musk wanted to save that money by moving the servers to one of X's other facilities, in Portland, Oregon. James Musk asked. "The dude is not very good at math," Musk told the musketeers. The lack of servers caused meltdowns, including when Musk hosted a Twitter Spaces for presidential candidate Ron DeSantis. And the Sacramento caper showed X employees that he was serious when he spoke about the need for a maniacal sense of urgency.

Persons: Walter Isaacson's, Elon Musk, Musk, you've, Tesla, Steve Davis, Omead Afshar, James Musk, James, Andrew, Austin, Elon, Alex, Alex the, jimmy, —, Ross Nordeen, enlistees, I've, Ross, pushback, Ron DeSantis, X, Walter Isaacson, Jennifer Doudna, Leonardo da Vinci, Steve Jobs, Albert Einstein, Benjamin Franklin, Henry Kissinger Organizations: Twitter, SpaceX, Cape Canaveral, Avid, Toyota Corolla, Apple, Home, NTT, Walmart, Extra Care, PayPal, Depot, CNBC, Tulane University, CNN Locations: Musk's, Sacramento, Portland , Oregon, Portland, Fremont, Texas, Cape, San Francisco, Tahoe, Elon, Austin, Las Vegas, Uzbekistan, Square, Yelp

☆ As China Falls Into Deflation, the Mood Turns Dark
▼ + stars: | 2023-08-21 | by ( Li Yuan | More About Li Yuan | ) www.nytimes.com time to read: +2 min

Consumer prices in China fell last month for the first time in more than two years. Chinese banks extended $47.5 billion of new renminbi loans, tumbling 89 percent from June — and half the amount of a year earlier. China slipped into deflation after the government’s draconian “zero Covid” policy drastically suppressed consumption and business activity last year. With anxiety running high, people are already saving more and spending less. He bought apartments in two complexes in 2019 and the developers of both stopped building after running out of money.

Persons: —, Chenggang Xu, ”, “, Liu Organizations: Stanford University, Toyota Corolla Locations: China

☆ A Gen Zer and millennial whose monthly car payments exceed their housing costs say it's 'stressful' but that they need a car
▼ + stars: | 2023-08-16 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +4 min

A record-high share of Americans is taking on monthly car payments of $1,000 or more. Car payments exceed housing as the biggest expense for some Gen Zers and millennials. Last year, the median monthly rent payment in the US was roughly $1,000, according to the Federal Reserve. Sherbina said managing his high monthly car bill — in addition to his other living expenses — could be stressful. "Having this high of a car payment is both stressful and has some psychological impacts," he said.

Persons: Zers, Nikita Sherbina, Sherbina, Ivan Drury, Edmunds, Cyrus Partow, Partow, It's Organizations: Service, Federal Reserve, BMW Locations: Wall, Silicon, Edmunds, Texas, Wyoming, Seattle, Los Angeles

Consumers purchase gasoline at a gas station as a plane approaches to land at the airport in San Diego, California October 8, 2012. National retail gasoline prices will average $3.90 a gallon this month, predict analysts at Goldman Sachs. Jones said he was relieved prices were not close to the $5 a gallon level of last summer. Total U.S. gasoline stocks this month fell to 216.4 million barrels, the fifth decline in six weeks, according to U.S. government data. Reporting by Laura Sanicola and Shariq Khan; editing by Stephanie Kelly and Aurora EllisOur Standards: The Thomson Reuters Trust Principles.

Persons: Mike Blake, Goldman Sachs, Martin Jones, Jones, Irving Oil's, Patrick De Haan, Laura Sanicola, Shariq, Stephanie Kelly, Aurora Ellis Organizations: REUTERS, Consumers, American Automobile Association, Toyota Corolla, Washington , D.C, U.S . Midwest, Total U.S, U.S . National Oceanic, Atmospheric Administration, NOAA, Hurricanes, Thomson Locations: San Diego , California, California, Washington, Massachusetts, Washington ,, U.S, Ohio, Michigan, Whiting , Indiana, New Brunswick, Canada, Trainer ,, Texas, Gulf

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