An alphabet soup of ‘electrified’ vehicles awaits new car buyers as EV sales stall
As EV adoption crawls along, automakers are increasingly releasing hybrid vehicles as alternative options to EVs and traditional gas-powered engines.
Amazon beefs up AI development, hiring execs from startup Adept and licensing its technology
As part of the deal, Amazon will license technology from Adept including some of its AI models and datasets.
Ford CEO says a profitable $30,000 EV is coming in two and a half years
Farley said its main competitors are expected to be Chinese automakers such as BYD and an anticipated entry-level car from U.S. EV leader Tesla.
Wall Street kicks off the second half of 2024 with key jobs report in the week ahead
Stocks have a lot to live up to in the second half of the year.
Crypto company Consensys sued by SEC as regulator continues industrywide crackdown
The SEC on Friday filed sued against blockchain software company Consensys, alleging the improper sale of securities.
Biden debate flop leads Democrats to call for new nominee — but replacing him is tough to do
President Joe Biden emerged bruised from his first presidential debate with Donald Trump, raising fears about his age and ability to serve another term.
Chevron doctrine overturned: Republicans, big business praise Supreme Court decision
The Supreme Court ruling overturned the case known as Chevron v. Natural Resources Defense Council, reducing the authority of federal regulatory agencies.
What to know ahead of Friday’s Russell index rebalancing
Two sectors are expected to have an outsized impact on Russell’s indexes in the year ahead.
Key Fed measure shows inflation rose 2.6% in May from a year ago, as expected
The core personal consumption expenditures price index was expected to increase 0.1% in May and 2.6% from a year ago.
Fed and European Central Bank could cut interest rates in September, Morgan Stanley strategist says
The U.S. Federal Reserve and European Central Bank could move to cut rates in September, a Morgan Stanley strategist said Friday.
