Only 10 electric vehicles qualify for full $7,500 US tax credit
Only 10 electric and plug-in hybrid vehicles will qualify for $7,500 federal tax credits in the US after stricter battery-sourcing...
US core CPI jumps again while showing some hints of moderating
A key measure of US inflation remained brisk but showed hints of moderating in March, likely keeping the Federal Reserve...
US hiring moderates, unemployment falls in mixed signal for fed
US payrolls rose at a firm but more moderate pace last month as the unemployment rate fell, giving mixed signals...
China slowly squeezes global carmakers out of its massive market
Legacy automakers have been sounding optimistic lately about vehicle sales in China heading higher following the great reopening. Volkswagen boss Oliver...
Carmakers riding wave of pent-up demand: Auto sales update
Many automakers are seeing stronger US new car sales as dealer inventories are replenished by higher production volumes, but those...
Rivian stands by EV output goal despite production slowdown
Rivian Automotive Inc. reaffirmed its 2023 target for electric-vehicle production even as the automaker’s output slowed in the first three...
Fed-favored inflation gauge rises by less than forecast, spending moderates
A key gauge of US inflation rose last month by less than expected and consumer spending stabilized, suggesting the Federal...
First Citizens to buy SVB after biggest bank failure since 2008
First Citizens BancShares Inc. agreed to buy Silicon Valley Bank after a run on deposits wiped out the company in...
