Money

The CDK Global cyberattack is expected to cut auto dealerships' vehicle sales in June down by about 100,000, or more than 7%, compared with the same period in 2023. The projected decrease is not reflective of weak demand, but rather the anticipated consequence of some dealerships' reliance on CDK sales software for transactions. Many dealers have been without full access to their systems for more than a week, with no promise from CDK that they'll be back up and running by the end of the month. "An auto dealership is basically run by its dealer management system, or DMS — it's the financial backbone of these dealerships," Tyson Jominy, vice president of data & analytics at J.D. Power, told CBS MoneyWatch. "It connects all the pieces of a dealership together, including new and used vehi...

As Croatians tell the story, the Greek hero Odysseus was shipwrecked and held captive on the Croatian island of Mljet. Visiting in May, I and six other sailors embraced the myth when the motor on our 54-foot yacht failed.“Remember, Odysseus spent seven years on Mljet,” said Ivan Ljubovic, our captain. “We can do two nights.”In the scheme of things, the clogged fuel filter that impeded our progress on a seven-night, island-hopping cruise from Split to Dubrovnik on a yacht — which the passengers helped sail — was minor. Though an engine, even on a sailboat, is vital for docking and sticking to schedules on becalmed days, most of my shipmates agreed that getting waylaid in a village with Roman ruins on a turquoise bay was an acceptable fate.I had been resigned to what were, in my mind, worse...

In March 2018, a day after announcing sweeping tariffs on metals imported from America’s allies and adversaries alike, President Donald J. Trump took to social media to share one of his central economic philosophies: “Trade wars are good, and easy to win.”As president, Mr. Trump presided over the biggest increase in U.S. tariffs since the Great Depression, hitting China, Canada, the European Union, Mexico, India and other governments with stiff levies. They hit back, imposing tariffs on American soybeans, whiskey, orange juice and motorcycles. U.S. agricultural exports plummeted, prompting Mr. Trump to send $23 billion to farmers to help offset losses.Now, as he runs for president again, Mr. Trump is promising to ratchet up his trade war to a much greater degree. He has proposed “universa...

PEORIA, Ill. (WMBD) — The 14th annual “Kickin Cancer in the Knolls” lemonade stand raises money for St. Jude Children’s Hospital every summer. The lemonade started 14 years ago at the corner of Bigelow Street and Hollyridge in Peoria’s Knolls neighborhood. Susan Miller and her kids started it to raise money for the St. Jude Memphis to Peoria run. Three years ago, Miller passed the lemonade stand tradition to her neighbor Jen Williams and her kids. So far they’ve raised roughly $13,000 selling their lemonade, baked goods, and friendship bracelets. “I hope it teaches them to keep this lifelong kindness and learning to give to others and that they are so fortunate to be healthy kids and just to help others whenever that they can. Even when you’re little, like our tagline...

Are you curious about electric vehicles but not ready to buy one? Renting one can help you see what it’s like — and some car rental companies are offering discounts.But having a smooth electric vehicle experience, especially if you rent for vacation, requires a fair amount of planning because fast-charging stations, while more available than they were four years ago, still aren’t ubiquitous, like gas stations.For now, an E.V. may work best for a long weekend or a trip where you plan to stay in one place and take day excursions, rather than an epic coast-to-coast trek.“A cross-country road trip?” said Damon Bell, senior research editor at Cars.com, an online automobile marketplace. “It can be done, but you’re making things a little trickier.”Most E.V. owners install special electrical outl...

The Federal Reserve’s preferred inflation measure continued to cool as consumer spending grew only moderately, good news for central bankers who have been trying to weigh down demand and wrestle price increases under control.The Personal Consumption Expenditures index climbed 2.6 percent in May from a year earlier, matching what economists had forecast and down from 2.7 percent previously.After stripping out volatile food and fuel prices to give a better sense of the inflation trend, a “core” price measure was also up 2.6 percent from a year earlier, down from 2.8 percent in the April reading. And on a monthly basis, inflation was especially mild, and prices did not climb on an overall basis.The Fed is likely to watch the fresh inflation data closely as central bankers think about their n...

The claim: Trump was found guilty by a jury stacked with Biden votersA June 13 Facebook post (direct link, archive link) from conservative talk show host Tucker Carlson makes a claim about the political affiliations of the jurors who convicted former President Donald Trump.“Trump was found guilty by a jury stacked with Biden voters and the media is too happy to call out the obvious corruption," the post reads. "At Tucker Carlson Network, we’ll never do that. Join now to fight back.”The post was shared more than 6,000 times in two weeks.More from the Fact-Check Team: How we pick and research claims | Email newsletter | Facebook pagePrep for the polls: See who is running for president and compare where they stand on key issues in our Voter GuideOur rating: FalseThere's no evidence to suppor...

People who are stressed about their finances are often wary of talking about money with their romantic partners, even though it may be beneficial to their relationship, new research finds.People worried about bills, feeling overwhelmed about overspending or concerned about money management may expect a “money talk” to lead to an argument, so they avoid bringing up the topic, according to a report from researchers at Cornell University and Yale University, published this month in The Journal of Consumer Psychology. Yet prior research has found that communicating about money helps couples spend more responsibly and better manage their debt.“They anticipate conflict, so they’re choosing not to have these conversations at all,” said Emily Garbinsky, associate professor of marketing and manage...