US new vehicle sales rise 12% as buyers shake off high prices, interest rates, and auto strikes
Undeterred by high prices, rising interest rates, autoworker strikes and a computer-chip shortage that slowed assembly lines, American consumers still bought 15.6 million new vehicles last year, 12% more than in 2022, the biggest increase in more than a decade.
California home sales drop to the lowest level in 16 years, California Association of Realtors reports
The number of homes sold in California in November dropped to the lowest level since the Great Recession in the early 2000s, according to a new report from the California Association of Realtors. Statewide, the number of single-family homes sold last month fell to 223,940, a 7.4% drop from October and a 5.8% drop compared to the same time last year.
China sanctions a US research firm and 2 individuals over reports on human rights abuses in Xinjiang
China says it is banning a United States research company and two analysts who have reported extensively on claims of human rights abuses committed against Uyghurs and other Muslim minority groups native to the country’s far northwestern region of Xinjiang.
California homelessness worsens even as housing bills pass
If there was ever any doubt, 2023 made two things very clear. First, California lawmakers are now fully committed to the idea that the state needs to build many more homes to tackle the state’s long term housing crisis.
Toyota recalling 1 million vehicles for potential air bag problem
Toyota Motor Co. said Wednesday it is recalling 1 million vehicles over a defect that could cause airbags not to deploy, increasing the risk of injury.
