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Sluggish car sales are expected to pick up later this year once the U.S. presidential election is over and the Fed’s recent reversal on interest rates starts to ease financing costs.

U.S. dockworkers at ports along the East and Gulf Coasts began their first major strike in decades Oct. 1 in a move that threatens to have downstream impacts on trucking.

The national average price of diesel gained a half-cent per gallon during the week ending Sept. 30, climbing to $3.544, according to U.S. Energy Information Administration data.

Growers already have been struggling with declining farm incomes because of high input costs, global competition and low commodity prices.

This recall is the latest setback for Stellantis, which has been grappling with declining sales, a falling stock price and unrest among dealers and unions.

Tesla is embroiled in numerous lawsuits over the Full Self-Driving feature, including from Tesla investors who claim they were misled.

Jerome Powell stressed that the Fed’s current goal is to support a largely healthy economy and job market, rather than rescue a struggling economy or prevent a recession.

The enforcement action stems from an October 2023 incident in San Francisco in which a Cruise robotaxi dragged a pedestrian about 20 feet before coming to a complete stop.

Volvo Car and dozens of industrial manufacturers urged Brussels to stick to a plan to halt sales of new combustion engine cars starting in 2035.