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Best places to park your short-term investments

As you consider your options for short-term investments, keep three key items in mind. 1. Yield: The accounts with the highest yields typically require you to maintain a minimum balance. “Teaser” rates may apply to the first few months but drop after that. Additionally, that high yield may only apply to balances under a certain level, and you’ll earn less if you hold more than that. 2. Liquidity: If you’re willing to tie up your money for a predetermined time — as with certificates of deposit — you’ll usually be able to earn a higher return. 3. Guarantees: ...

Musk becomes first trillionaire as SpaceX stock soars in debut

NEW YORK (AP) — Elon Musk became the world’s first trillionaire after shares of his rocket company SpaceX soared in Wall Street’s biggest initial public offering of stock. Shares in SpaceX jumped more than 19% after opening for trading Friday, a sign that investors are looking past the billions the company is losing and instead betting that its massive investments in satellites, orbital data centers and artificial intelligence will pay off in the future. SpaceX opened around midday at $150 a share, then rose to around $168, before finishing the day just below $161. That price ...

Ford recalls more than 250,000 Focus models

The Associated Press Ford is recalling more than 250,000 vehicles that were incorrectly repaired under a previous recall meant to fix a problem that caused the engine to stall while driving. The recall includes 255,404 Ford Focus automobiles, model years 2012-2018. Ford said the canister purge valve may malfunction, causing the engine to stall unexpectedly while driving, increasing the risk of crash and injury. To fix the problem, dealers will provide a powertrain software update free of charge. Owner notification letters are expected to be mailed July 6. Owners may contact Ford ...

US stocks jump to their best day in 2 months

NEW YORK (AP) — U.S. stocks rallied to their best day in two months, and oil prices fell Thursday after President Donald Trump called off his threat to bomb Iran in the evening. That raised hopes for a potential deal that could get the global flow of oil going again. The S&P 500 jumped 1.8%, coming off a back-to-back drop that had yanked it back to where it was in early May. The Dow Jones Industrial Average leaped 929 points, or 1.9%, and the Nasdaq composite rallied 2.5%. Stocks immediately veered higher in midday trading after Trump said on his social media network that ...

Consumers stung by energy prices that have pushed inflation above 4%

WASHINGTON (AP) — Rising gas prices pushed inflation to its highest level in three years last month, a headache for the Federal Reserve and a potential political challenge for the Trump administration as midterm elections near. Consumer prices rose 4.2% in May from a year earlier, the Labor Department said Wednesday, up from 3.8% in April and the third straight monthly increase. On a monthly basis, prices rose 0.5% last month, after big gains of 0.6% in April and 0.9% in March. Prices have now risen faster than wages for several months, pressuring many Americans’ finances and ...

Honda recalls more than 880K cars due to rear suspension issue

Honda is recalling more than 800,000 vehicles because rear suspension components may fail and cause drivers to lose control, increasing the chances of a crash or injury. American Honda Motor Co. said the recall covers certain 2016-2022 Honda Pilot, 2017-2023 Ridgeline, 2019-2023 Passport and 2014-2020 Acura MDX vehicles. The recall includes 880,514 vehicles that were sold in Connecticut, Delaware, District of Columbia, Illinois, Indiana, Iowa, Kentucky, Maine, Maryland, Massachusetts, Michigan, Minnesota, Missouri, New Hampshire, New Jersey, New York, Ohio, Pennsylvania, Rhode Island, ...