Fed’s preferred inflation metric cools while spending rebounds
The Federal Reserve’s preferred gauge of underlying inflation cooled last month while household spending rebounded. The so-called core personal consumption...
Fisker slashes EV prices as much as 39% in fight for survival
Fisker Inc. dramatically reduced the price of the Ocean sport utility vehicle — its only model — as the electric-car...
EV maker Lucid surges on $1B lifeline from Saudi investor
Lucid Group Inc. is getting a $1 billion cash injection from its biggest investor, an affiliate of Saudi Arabia’s Public...
Stellantis to cut 400 jobs in US amid challenging shift to EVs
Stellantis NV is cutting about 400 white-collar jobs in the US as the maker of Jeep and Ram vehicles works...
Fed pencils in three rate cuts in 2024, shallower path ahead
Federal Reserve officials maintained their outlook for three quarter-point rate cuts this year but forecast fewer cuts than before in...
Biden’s newest rule on auto emissions set to boost electric car sales
The Biden administration moved Wednesday to throttle pollution from the nation’s cars and light trucks, imposing tailpipe emission limits so...
EV maker Fisker stops production, warns it may need to seek bankruptcy
Fisker Inc. is pausing production for the next six weeks as the electric-vehicle maker looks to rein in inventory and...
American debt stings like never before in new era for households
After years of managing household budgets through the stress of the worst inflation in a generation, US families are increasingly pressured...
