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Looking for a new car under $20,000? Good luck. Your choice has dwindled to just one vehicle

DETROIT (AP) — Just five years ago, a price-conscious auto shopper in the United States could choose from among a dozen new small cars selling for under $20,000. Now, there’s just one: The Mitsubishi Mirage. And even the Mirage appears headed for the scrap yard. At a time when Americans increasingly want pricey SUVs and trucks rather than small cars, the Mirage remains the lone new vehicle whose average sale price is under 20 grand — a figure that once marked a kind of unofficial threshold of affordability. With prices — new and used — having soared since the pandemic, ...

San Francisco launches driverless bus following robotaxi expansion

SAN FRANCISCO (AP) — First came the robotaxis. Then the driverless buses arrived. San Francisco has launched an autonomous shuttle service -- less than a week after California regulators approved the expansion of robotaxis despite traffic and safety concerns. The free shuttle will run daily in a fixed route called the Loop around Treasure Island, the site of a former U.S. Navy base in the middle of San Francisco Bay. The Loop makes seven stops, connecting residential neighborhoods with stores and community centers. About 2,000 people live on the island. The all-electric vehicle, ...

Privately held Esmark makes offer for U.S. Steel, sets up bid contest

NEW YORK (AP) — Industrial conglomerate Esmark said Monday it has made an all-cash offer to buy U.S. Steel that values the iconic steelmaker at $7.8 billion, topping an earlier offer from rival Cleveland-Cliffs. On Sunday, U.S. Steel said it had rejected a cash and stock offer from Cleveland-Cliffs that was valued at $7.3 billion as of the close of trading Friday. U.S. Steel also said it had received offers for all or parts of the company from several parties and was evaluating its options. Pittsburgh-based Esmark is run by James Bouchard, a former vice president in U.S. Steel's ...

Stock market today: Wall Street drifts higher ahead of a big week for retailers

NEW YORK (AP) — Wall Street drifted higher Monday ahead of a week of reports showing how strong U.S. shoppers remain, amid hopes their spending can keep the economy out of a recession. The S&P 500 added 25.67, or 0.6%, to 4,489.72, though slightly more stocks fell than rose within the index. The Dow Jones Industrial Average edged up by 26.23 points, or 0.1%, to 35,307.63 in a quiet day of trading. The Nasdaq composite gained 143.48, or 1.1%, to 13,788.33. On the losing end of Wall Street was Nikola, which sank 6.7%. The zero-emission truck company recalled more than 200 of its ...

The Mega Millions jackpot has soared to $1.55 billion. Here’s how hard it is to win Associated Press undefined

NEW YORK (AP) — There’s no shaking it. Your chances of winning the lottery are extremely slim. After no big winner Friday night, the Mega Millions jackpot climbed to an estimated $1.55 billion. If someone wins it all on Tuesday, when the next Mega Millions drawing takes place, the prize would one of the largest in U.S. lottery history. But don’t plan on entering a new tax bracket anytime soon. The odds of winning a Mega Millions jackpot — no matter the size — stand at about 1 in 302.6 million. Because of the almost impossible chance of winning big, experts stress that you ...