Rivian faces ban from Michigan car dealers in direct-sales fight
Michigan auto dealers are trying to block startup electric carmakers including Rivian Automotive Inc. and Lucid Motors Inc. from following...
Nikola’s future cloudy as founder exits amid allegations, probes
Nikola Corp. faces an uncertain future following the sudden departure of its founder and chairman in the wake of regulatory...
US jobless claims resume drop in sign of gradual improvement
The number of Americans applying for jobless benefits resumed its decline, signaling a gradual improvement in the battered labor market....
Fed signals rates will stay near zero for at least 3 years
The Federal Reserve left interest rates near zero and signaled it would hold them there through at least 2023 to...
Fiat’s dividend slashed to boost cash after merger with PSA
Fiat Chrysler Automobiles NV and PSA Group amended the terms of their merger to form one of the world’s largest...
U.S. Consumer Credit Extends Rebound as Auto Sales Increase
U.S. consumer borrowing rose in July for a second month, reflecting an increase in non-revolving credit such as auto loans...
US unemployment rate drops by more than expected, to 8.4%
The U.S. labor-market rebound extended for a fourth month in August, offering hope that the economy can continue to recover despite a...
US jobless claims give mixed picture with shift in adjustments
U.S. unemployment-claims figures gave a mixed picture of the labor market amid government changes to seasonal adjustments to account for distortions from...
