A new study from KPMG predicts that the U.S. will go from a majority multi-car household to one where only 43% of households have more than one motor vehicle by 2040, and rideshare and car-share, along with demographic changes, will play key roles.
It's not a foregone conclusion that President Obama would veto a bill expected in the Senate next week to allow the construction of the Keystone XL pipeline. But if it were to pass and Obama signs it, would it be built? CNBC investigates.
Sears, Macy's, and J.C. Penney are among the national retailers who've announced substantial store closings recently. Retail industry experts believe the closures are just the beginning of an approaching "tsunami" of shrinking and shuttering stores.
Homeowners have been downsizing their homes in the last five years, but now 84 percent of homeowners want to stay put or move into a larger home. This change in trend can be attributed to growing families and their need for more living space.
With gasoline increasingly hard to find in New York and many subway lines still down, biking has surged in popularity in the aftermath of Sandy. Bikes are selling briskly and new adherents are jumping in the saddle.
Economists see America's recovering housing market as a positive indication of the country's economic health. But according to a new study, rising home prices "decrease income mobility and ultimately hurt the U.S. economy," reports Nicole Goodkind.