US-China Trade Tensions Flare Again as Talks Stall
Beijing accused the U.S. of unilaterally introducing new discriminatory restrictions. (Callaghan O'Hare/Bloomberg) China accused the U.S. of violating their recent trade deal and vowed to take measures to defend its interests, dimming the prospect of an immediate leadership call that Donald Trump wants to have to further bilateral talks. The ...more
EV Tax Credit Rulings Please Some Automakers, Exclude Others
The U.S. government has angered Tesla Inc.’s Elon Musk and handed welcome news to other automakers like Hyundai Motor Co. ...more
Auto Sales Fell 8% in 2022 Amid Supply Chain Struggles
DETROIT — Shortages of computer chips and other parts continued to hobble the U.S. auto industry last year, contributing to ...more
Amazon to Slash More Than 18,000 Jobs in Escalation of Cuts
Amazon.com Inc. is laying off more than 18,000 employees — the biggest reduction in its history — in the latest ...more
Labor Data Surprises as Job Market Runs Hotter Than Forecast
Data released Jan. 5 reinforced the strength of the labor market, with hiring at U.S. companies far exceeding expectations and ...more
FHWA Announces $2.1 Billion to Improve Four Large Bridges
President Joe Biden on Jan. 4 visited the worn-out Brent Spence Bridge in Kentucky as part of the administration’s renewed ...more
Speaker Holdup Stalls GOP Agenda
Multiple failed attempts in the House of Representatives to solidify Rep. Kevin McCarthy (R-Calif.) as the next Speaker of the ...more