Volvo Cars is recalling over 40,000 of its flagship electric EX30 SUVs because of a risk of battery packs overheating and catching fire. The recall involves replacing modules in the high-voltage battery packs in the SUV, which is a crucial model in Volvo’s push to compete with cheaper Chinese brands. The…

A new analysis finds prospective homebuyers have seen their purchasing power rise in the last year due to higher incomes and lower mortgage rates. Zillow published a report on Monday that found a median-income U.S. household can now comfortably afford a $331,483 home with a 20% down payment. It found that…

Halfpoint Images/Getty Images Key takeaways High-yield savings accounts and money market funds both provide safe places to park your cash, and are ideal for short-term savings. But neither will generate significant long-term wealth or outpace investments like stocks. Money market funds are investment accounts that potentially could lose money, though…

Key takeaways Mortgage loan amortization refers to how you repay your mortgage balance over the loan term. At the beginning of your loan term, more of your payment goes toward interest, but this reverses closer to the end of the term. You can use your amortization schedule to find the…