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Consumer spending is challenged by high inflation as retail sales fall

U.S. retail sales fell in February after a surge in the prior month, suggesting consumer spending, while holding up, is ...

Listen: Weekly Wrap discussion on Silicon Valley Bank

byRiley Wolfbauer

March 20, 2023

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Silicon Valley Bank entered Federal Deposit Insurance Corp. receivership on Friday in the wake of a run on the bank. ...

A Toyota Motor Corp. Prius plug-in hybrid electric vehicle (PHEV) prototype during a test drive at Sodegaura Forest Raceway in Sodegaura, Chiba Prefecture, Japan, on Wednesday, Feb. 1, 2023. The fifth generation of Prius, with bigger wheels and a sportier design, offers three different hybrid powertrain options. Photographer: Nicholas Takahashi/Bloomberg

Toyota launches EV Life-powered incentive tool

byAmanda Harris

March 14, 2023

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Toyota has launched an electric vehicle incentive tool powered by EV Life that allows customers to calculate potential EV savings ...

‘Business as usual’ at TrueCar after SVB shuttered

byJoey Pizzolato

March 14, 2023

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Automotive pricing and information website TrueCar continued normal operations following a regulatory move to make all insured and uninsured deposits ...

Pedestrians carry shopping bags in the SoHo neighborhood of New York, US, on Sunday, Feb. 26, 2023. Spending by the youngest group of US adults has been turbocharged by two once-in-a-generation drivers over the past year: decades-high inflation and a tight job market that has propelled strong wage growth, especially at entry levels.

US core CPI tops estimates, pressuring Fed as it weighs hike

byBloomberg News

March 14, 2023

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Underlying US consumer prices rose in February by the most in five months, forcing a tough choice for Federal Reserve ...

A Silicon Valley Bank branch in San Francisco, California, US, on Monday, March 13, 2023. The collapse of Silicon Valley Bank has prompted a global reckoning at venture capital and private equity firms, which found themselves suddenly exposed all together to the tech industry's money machine.

Apollo, Blackstone and KKR said to circle SVB’s loan assets

byBloomberg News

March 14, 2023

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Apollo Global Management Inc., Blackstone Inc. and KKR & Co. have expressed interest in snapping up a book of loans ...

A Mercedes-Benz EQC electric vehicle connected to a charger inside a Mercedes-Benz AG showroom in Berlin, Germany

Tenet’s $20M warehouse line with SVB in jeopardy

byAmanda Harris and Joey Pizzolato

March 14, 2023

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The future of EV financing startup Tenet’s $20 million warehouse line with Silicon Valley Bank is at risk following the ...

Autonomy to transfer millions from SVB

byAmanda Harris

March 13, 2023

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Electric vehicle subscription provider Autonomy is working to transfer millions of funds from Silicon Valley Bank to other institutions after ...

Federal Reserve announces emergency meeting on auto lending regulations • Click for details

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Consumer spending is challenged by high inflation as retail sales fall

Listen: Weekly Wrap discussion on Silicon Valley Bank

Toyota launches EV Life-powered incentive tool

‘Business as usual’ at TrueCar after SVB shuttered

US core CPI tops estimates, pressuring Fed as it weighs hike

Apollo, Blackstone and KKR said to circle SVB’s loan assets

Tenet’s $20M warehouse line with SVB in jeopardy

Autonomy to transfer millions from SVB

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