Its pioneered the American auto industry with the mass market Model T. Now Ford is gutting its lineup of cars in the North America, saying it will sell only two models in 2020 as it focuses on trucks and SUVs.
Ford Motor Co. reported a $1.7 billion profit for the first quarter, but it's planning big changes — such as phasing out nearly all of its cars in favor of trucks and SUVs.
Funds in the Afghanistan Reconstruction Trust Fund are at risk because the World Bank is not adequately monitoring how they are used. The U.S. has contributed $3 billion to the fund.
For the first time in four years, the rate on the 10-year U.S. Treasury note crossed 3 percent. While it signals a stronger economy, it makes bonds more attractive investments, undermining stocks.
The U.S. steel industry has enjoyed protection from foreign competitors since the 1790s. It says new import tariffs are actually just leveling the playing field and shouldn't be labeled "protection."
The talk show host reportedly amassed a big real estate portfolio during the foreclosure crisis. Some homes were purchased with HUD support, which he didn't reveal when interviewing the HUD secretary.