Stellantis U.S. auto sales extend free fall in third quarter
Stellantis reported U.S. sales Tuesday of 305,294 from July through September, a 19.8% decline from the third quarter of 2023.…
Category: Economy
The East and Gulf Coast ports strike could be a no-win situation for the Biden administration
President Biden is sticking to his position of not forcing striking port union workers back on the job, a political…
Tesla stock slips after EV maker misses estimates on deliveries
Tesla's third-quarter deliveries report follows a rally in the stock price over the past few months. ...
Asia-Pacific markets mixed after Powell signals smaller rate cuts; China markets closed for holiday
South Korea, Hong Kong and mainland Chinese markets are closed for a public holiday Tuesday. ...
CVS is working with advisors on strategic review, sources say
CVS Health's board has engaged advisors to conduct a strategic review of its business, according to people familiar with the…
Powell indicates further, smaller rate cuts, insists the Fed is ‘not on any preset course’
The central bank chief asserted that he will seek to balance fighting inflation with supporting the labor market. ...
East and Gulf Coast ports strike, with ILA longshoremen walking off job, stranding billions in trade
ILA union longshoremen at East Coast, Gulf Coast ports walk off the job after ownership and labor failed to reach…
AI chipmaker Cerebras files for IPO to take on Nvidia
Cerebras faces competition from Nvidia, as well as cloud providers that have developed in-house chips for running artificial intelligence models.…
Misinformation running rampant on Facebook has officials concerned about election disruptions
After Meta’s layoffs and deprioritizing of news and political content, local election officials say they’re in a precarious spot heading…