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Money & Markets

New GM electric truck faces competition and skeptical buyers

PITTSFIELD TOWNSHIP, Mich. — The competition among U.S. automakers for a still-small pool of consumers seeking electric vehicles is quickly intensifying. General Motors, normally the top-selling U.S. automaker, officially unveiled the Chevrolet Silverado EV Wednesday with a virtual press ...

Biden says deal with telecoms avoids flight disruptions

AT&T and Verizon have agreed to delay the launch of a new slice of 5G service by two weeks after airlines and the nation’s aviation regulator complained about potential interference with systems on board planes. President Joe Biden said the agreement reached Monday will help avoid ...

$29,000 for an average used car? Would-be buyers are aghast

DETROIT — A couple of months ago, a woman paid a visit to Jeff Schrier’s used car lot in Omaha, Nebraska. She was on a tight budget, she said, and was desperate for a vehicle to commute to work. She was shown three cars priced at her limit, roughly $7,500. Schrier said the woman was ...

Suits against OxyContin owners on hold; negotiations ordered

Even though one judge rejected OxyContin maker Purdue Pharma’s sweeping settlement of thousands of lawsuits over the opioid crisis, another refused Wednesday to allow litigation to move ahead just yet against members of the Sackler family who own the company — but also ordered negotiations ...

Stocks end mixed, breaking 4-day winning streak for S&P 500

A wobbly day of trading on Wall Street left stock indexes mixed Tuesday, pulling the S&P 500 just below its latest record high. The benchmark index slipped 0.1 percent after wavering between modest gains and losses. The slight loss snapped a four-day winning streak for the index, which ...

Federal program offers cash to cover COVID-19 funeral costs

BOSTON — When Wanda Olson’s son-in-law died in March after contracting COVID-19, she and her daughter had to grapple with more than just their sudden grief. They had to come up with money for a cremation. Even without a funeral, the bill came to nearly $2,000, a hefty sum that Olson ...