US consumer confidence rises to highest level since early 2022
US consumer confidence increased to the highest level since the start of last year on greater optimism about the labor...
US truck startup Lordstown files for bankruptcy after Foxconn deal falls through
Lordstown Motors Corp. shares plummeted after the electric-vehicle maker once hailed by former US President Donald Trump for saving automaking...
Aston Martin, Lucid surge after Saudi-backed EV supply pact
Aston Martin Lagonda Global Holdings Plc is tying up with Lucid Group Inc. on electric vehicle technology, uniting the storied...
US retail sales unexpectedly rise in sign of consumer resilience
US retail sales unexpectedly rose in May, showcasing resilient consumer demand in the face of mounting economic challenges. The value...
Fed pauses rate hikes but signals more tightening to come
Federal Reserve officials paused on Wednesday following 15 months of interest-rate hikes but signaled they would likely resume tightening to...
Used-car prices may cool off in months ahead, according to industry indicators
The jump in used-car costs that propped up US inflation last month is widely expected to swing into reverse in...
US inflation report signals Fed rate pause will become a full stop
US inflation continues to cool, giving the Federal Reserve room to take a breather from interest-rate hikes this week. The...
Carvana shares soar on forecast of improved financial results
Shares in used-car retailer Carvana Inc. soared as much as 32% in premarket trading after the struggling company said its...
