US job growth disappoints in challenge to economic recovery
U.S. job growth significantly undershot forecasts in April, suggesting that difficulty attracting workers is slowing momentum in the labor market...
Yellen says spending may spur ‘modest’ interest-rate increases
Treasury Secretary Janet Yellen said interest rates may have to rise modestly to prevent the U.S. economy from overheating due...
BMW finally buckles under the strain of global chip shortage
BMW AG is giving way to the global shortage of semiconductors after months of managing to maintain output in the...
Ford to open battery research lab in electric vehicle push
Ford Motor Co. is building a $185 million battery research lab as part of a push to build its own...
Daimler sees Mercedes margins surging to highest in years
Daimler AG forecast that its main Mercedes-Benz unit will be more profitable than it’s been in years thanks to resurgent...
US jobless claims fall to pandemic low as economy accelerates
Applications for U.S. state unemployment insurance unexpectedly plunged to a fresh pandemic low as the job market recovery gathers steam....
Battery startup comes out of stealth to seize on investor frenzy
As automakers ramp up plans to electrify their fleets, battery startups are getting an investment boost. Massachusetts-based Factorial Energy has...
AutoNation CEO says chip shortage could drag on for a year
The global semiconductor shortage that’s crippling the auto industry could drag on for as long as a year, according to...
