Business

M White House replica mansion in California sells

A mansion in California that resembles the White House is officially off the market after a buyer scooped it up in late October. The seller fetched $23 million in the Oct. 23 sale of the massive Hillsborough home nicknamed the “Western White House,” according to its listing with Compass agents…

IRS increases 401(k), other retirement plan contribution limits for 2025

The Internal Revenue Service (IRS) on Friday announced that it increased the amount that individuals can contribute to their 401(k) and other retirement plans to account for inflation. Each year, the IRS reviews tax thresholds and limitations for various retirement accounts and considers making a cost-of-living adjustment based on the impact…

Ford recalls pickup trucks over potential rearview camera issue

Ford is recalling nearly 25,000 trucks because of a problem that could make the rearview camera system malfunction.   The automaker said water “may enter the Tailgate Park Assist Sensor Interface Module” and lead to a malfunction of the rearview camera image display in 24,950 of its 2023-2024 F-250, F-350 and F-450…

Wendy’s to close 140 restaurants by the end of the year

Fast food giant Wendy’s is shuttering 140 underperforming locations through the end of 2024 as it looks to improve its “restaurant footprint and overall system health.”  To counter the closures, though, the Ohio-based company is working to replace many of these units with “new restaurants at better locations with significantly…

US economy added 12,000 jobs in October, well below economists’ expectations

U.S. job growth slowed down in October, coming in well short of economists’ expectations, while the unemployment rate was unchanged.  The Labor Department on Friday reported that employers added 12,000 jobs in October, well below the 113,000 gain that was predicted by LSEG economists.The unemployment rate was 4.1%, in line…

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