Auto giants are getting nervous about the prospect of mega fines as EV demand falters
Europe’s top car giants appear to be increasingly concerned about the prospect of massive fines, particularly as electric vehicle demand falters.
‘Make them riot’ — Trump election case judge unseals special counsel motion on immunity
Special counsel Jack Smith is continuing efforts to prosecute Donald Trump, as the Republican faces Vice President Kamala Harris in the presidential election.
Costco adds platinum bars to its precious metals lineup
Gold bars launched at Costco in August 2023, and not even two months later were selling out within hours of a restock.
OpenAI closes funding at $157 billion valuation, as Microsoft, Nvidia, SoftBank join round
OpenAI closed its long-awaited funding round, announcing that it raised $6.6 billion at a $157 billion post-money valuation.
Ford’s third-quarter sales up 0.7% as GM overtakes it in EVs
Ford on Wednesday reported a 0.7% increase in third-quarter U.S. new vehicle sales, including a 12.2% increase in EVs compared to a year earlier.
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.
Private payrolls show better-than-expected growth of 143,000 in September, ADP says
Companies added 143,000 for the month, an acceleration from 103,000 in August and better than the 128,000 consensus forecast
Red-hot refinance demand retreats after tiny bump higher in mortgage rates
Mortgage rates moved ever so slightly higher last week, but it was enough to take a little heat out of what had been a briefly red-hot refinance market.
Massive port strike could have ‘devastating consequences’ for consumers, expert says
Four years after the pandemic, another supply-and-demand logistics crisis could drive up prices for groceries and other consumer staples, experts say.
Tesla set to report Q3 deliveries ahead of robotaxi event
Analysts are expecting Tesla to report about 463,000 deliveries, according to estimates compiled by FactSet.
