Yellen predicts Fed’s anti-inflation policies will be ‘successful,’ after wrongly calling it 'transitory'
Treasury Sec. Janet Yellen predicted Sunday that the Federal Reserve's anti-inflation policies will be "successful" after previously admitting she'd been wrong about inflation.
Buttigieg highlights declining gas prices after suggesting their rise was good for transitioning to EVs
Department of Transportation Secretary Pete Buttigieg touted declining gas prices after suggesting that pain at the pump was good for transitioning to electric vehicles.
California truckers pledge to continue blockade of Oakland port over controversial labor law
Protesting truckers on Wednesday brought a Northern California port, one of the nation's busiest, to a standstill in protest of AB5, a controversial labor law.
Ford may lay off 8,000 workers in shift to EV production: report
Ford Motor Co. will reportedly lay off some 8,000 workers in the months ahead to cut profits and redistribute resources toward developing electric vehicles.
Elon Musk’s Tesla reports decrease in profits, beating estimates, and sells off most of its bitcoin
Tesla's earnings call for Q2 Wednesday indicated the company's profit margins had fallen, but the EV maker still beat expectations, with more than $2 billion in profit.
EU calls for rationing natural gas, says Russia ‘blackmailing us’
The European Union is calling upon its member states to voluntarily cut their use of gas to prepare for the possibility of Russia cutting off supplies in the winter.
Elon Musk to countersue Twitter to blow up deal: report
Elon Musk is reportedly planning to file a counter-lawsuit against Twitter in the coming days to blow up his $44 billion deal to buy the social media platform.
GM lacks parts to handle recall it issued
General Motors initiated a recall for two of its vehicles earlier this year, but as of July, does not have the necessary parts to address the recall.
Bank of America slapped with $225 million fine by federal regulators
Bank of America is being fined $225 million by federal regulators for how they handled a jobless benefits program during the COVID-19 pandemic.