Employment in US has finally exceeded its pre-pandemic level
It’s taken 2 1/2 years but US employment is finally above its pre-pandemic level. A 315,000 gain in August payrolls...
Electric vehicle startups seek $9.5 billion after burning through SPAC cash
The writing was on the wall months ago: Electric vehicle startups that cashed in by combining with blank check companies were running...
EV makers Lucid, Nikola plan for stock sales as time runs out on cash burn
It was probably a case of now or never for the the latest pair of electric vehicle makers to announce...
St. Louis, Minneapolis feds backed full-point discount rate hike
Directors at two of the Federal Reserve’s 12 regional branches favored a 100 basis-point increase in the discount rate in...
Ford to cut 3,000 jobs to fund shift toward electric vehicles
Ford Motor Co. said it’s cutting 3,000 jobs this week in a move to boost profits as it seeks to...
Ford taps green bond market to fund EV development
Ford Motor Co. is taking advantage of a credit-market rally to sell green bonds. The vehicle maker sold $1.75 billion...
US inflation runs cooler than forecast, easing pressure on Fed
US inflation decelerated in July by more than expected, reflecting lower energy prices, which may take some pressure off the...
‘Sizzling’ US jobs data make case for bigger Fed rate increases
A blowout US jobs report for July means the Federal Reserve will need to keep going with the most aggressive...
