Money

In China, an Electric Car Maker Loses Money but Thinks Big

HEFEI, China — Walk around the sprawling auto factory in central China, and the wealth pouring into the country’s electric car industry quickly becomes clear.

Rows of bright orange, 15-foot-tall robots — 307 of them, mainly from Sweden — whir with activity. They glue lightweight aluminum panels to vehicle frames using aerospace-grade adhesives. In an industry in which speed can mean cost efficiency, the assembly line plods along at half the pace of many lines elsewhere.

Even by the standards of the $1.6 trillion global car industry, an operation like this doesn’t come cheap. In fact, the Chinese operator of

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Should Retirees Pay Off Their Mortgage or Invest the Money? It Depends on the Math

These days, if you want to pay off your mortgage when you retire, you’re going to take a lot of flak.

That is because mortgage rates are currently at whistle-inspiring lows—the average rate across 30-year fixed loans in December was 2.93%, according to mortgage technology provider ICE Mortgage Technology. If you itemize and get tax a deduction for mortgage interest, you’re paying even less to borrow money.

Meanwhile, if you were to invest the money instead of paying off the note, you’re likely to make a lot more. Over the last 10 years, portfolios invested 60% in stocks and 40%

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New York assemblyman: ‘Follow the money’ on Cuomo and nursing home industry

New York Assemblyman Ron Kim (D), who last week said he was threatened by Gov. Andrew CuomoAndrew CuomoCuomo job approval drops 6 points amid nursing home controversy: poll Cruz blames criticism of Cancun trip on media ‘Trump withdrawal’ The Hill’s Morning Report – Presented by The AIDS Institute – Tanden’s odds plummet to lead OMB MORE (D) for seeking answers on the handling of coronavirus outbreaks in the state’s nursing homes, said on Monday to “follow the money” in the scandal.

“Back on March 25, the governor issued a mandate that sent 9,000 COVID patients back to nursing homes

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Stimulus checks, SSI, SSDI: Would you qualify for a third payment, everything else to know

The rules for a third stimulus check aren’t final yet, but here’s what we know from the lens of SSI and SSDI.


Sarah Tew/CNET

If you’re part of the Social Security Disability Insurance and Supplemental Security Income programs, the good news is that you’re likely to qualify for a third stimulus check that’s larger than the previous two, topping out at $1,400 per person — including for dependents of any age

The $1.9 trillion COVID-19 relief bill that contains the new payment is expected to pass the House of Representatives by the weekend, as part of an effort

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The Money Boom Is Already Here

Speculative manias are in the air, as evidenced by the recent price surges for bitcoin, a digital asset with a fundamental value of zero, and GameStop , a declining retailer. Along with the other economic trends—a strong recovery, surging commodity prices and an uptick in inflation—those asset bubbles have a clear cause: the massive expansion of money and credit.

Yet America’s fiscal and monetary masters are turning a blind eye. They are focused solely on mending the labor market. With the fervor of messiahs, Federal Reserve Chairman Jerome Powell and Treasury Secretary Janet Yellen tell us the only way to

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7 clever ways to save money as a homeowner

As a homeowner, you’re always looking for ways to save money and shave costs. The same can be said about your homeowner’s insurance. Take advantage of 7 ways to save money as a homeowner, including a mortgage refinance. (iStock)

As a homeowner, you’re always looking for ways to save money and shave costs. This may be even more true due to the disruption in the economy and widespread unemployment caused by the coronavirus pandemic.

If you’re searching for ways to cut corners and keep homeownership costs down, then you should use an online marketplace like Credible. Credible can

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