Business

The young Americans choosing Y2K cars over shiny new SUVs: ‘I get so much crap from people’

The Guardian Business·Oct 23, 2026 · 6:30 AM CT
Readthrough summary

Many younger millennials and Gen Z Americans are skipping new cars and buying older 2000s-era vehicles instead, priced out by ever-larger, pricier SUVs and pickups. The Guardian profiles drivers like 30-year-old Jack Price, who bought a 2010 Volkswagen Jetta for $6,000 cash and has driven it cross-country and "into the ground."

Summary written by Readthrough from the original article. The full story, with photos and any updates, is at The Guardian Business.

More Business

Fox Business·

First Russian diesel tanker heads to New York after Trump's deal with Putin to lower fuel prices

The first tanker carrying 40,000 tons of Russian diesel has left for New York, the first Russian diesel bound for the U.S. since 2023, following President Trump's deal with Vladimir Putin to release more diesel into global supply as U.S. prices top $6 a gallon. Kremlin spokesman Dmitry Peskov said regular supplies will continue, while a retired Marine general told Fox News the cargo would cover only a couple of hours of U.S. demand.

HM Treasury·

Chancellor unveils Britain’s ambitious plan for AI

UK Chancellor plans a major AI package as part of next week's Budget, aiming to spread AI opportunities across the country, scale up British AI firms and guard against hostile threats. HM Treasury says the plans include hundreds of millions in investment, among them £10 million a year to study how AI will reshape jobs and industry.

The Guardian Business·

Oil price rises above $117 a barrel amid fears US will renew strikes on Iran

Brent crude rose about 3.5% Friday to pass $117 a barrel at one point, its highest since April, after Tehran threatened Gulf oil facilities, undersea cables and data centers if a new US-Israeli offensive is launched. It later eased to just over $116; Brent was around $72 in February before the Iran war began.

HM Treasury·

Jackdaw gas field gets green light

The UK Energy Secretary cleared the way for gas production at the Jackdaw field, which could start supplying homes by the end of this month and lift domestic gas output by about 6% at peak. The Chancellor also announced a new Energy Wealth Fund with a £2 billion downpayment.