NEW YORK — Wall Street tumbled into what’s called a bear market June 13 after fears about a fragile economy and rising interest rates sent the S&P 500 more than 20% below its record set early this year.
June 13, 2022Search
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Three experts from Transport Enterprise Leasing discuss strategies for buying and selling trucks amid regulatory shifts, trade tensions and economic uncertainty.
Automakers Seek Lifting of EV Tax Credit Cap
NEW YORK — Major automakers are asking Congress to lift the cap on how many people would be offered tax credits if they buy a hybrid or fully electric vehicles.
June 13, 2022Gas Hits $5 a Gallon for First Time, According to AAA
NEW YORK — The nationwide average price for a gallon of gasoline has hit $5 for the first time ever.
June 13, 2022China’s Chipmaking Power Grows Despite US Effort to Counter It
China’s semiconductor industry is showing signs of flourishing even in the face of Biden administration efforts to counter its growth, raising alarm bells in Washington.
June 13, 2022FHWA Opens Applications for $2.36 Billion to Upgrade Bridges
The Federal Highway Administration has issued a $2.36 billion funding notice to open applications for states and local officials to apply for money to improve bridge projects across the nation.
June 10, 2022US Inflation Unexpectedly Accelerates to 40-Year High of 8.6%
U.S. inflation hit a fresh 40-year high in May, unexpectedly accelerating in a broad advance that pressures the Federal Reserve to extend an aggressive series of interest-rate hikes and adds to political problems for the White House and Democrats.
June 10, 2022Biden to Visit Busiest US Port as Union Talks Raise Risk of a New Logjam
President Joe Biden’s administration is trying to avert another inflation-spawning logjam at the nation’s busiest seaport, just as the economy is starting to recover from the last one.
June 10, 2022Nikola Approved for Truck Voucher Incentive Program in New York
Truck maker Nikola Corp. announced that its Class 8 Nikola Tre battery-electric vehicle is eligible for the New York Truck Voucher Incentive Program.
June 9, 2022NHTSA Upgrades Probe of Teslas Running Into Emergency Vehicles
DETROIT — A U.S. investigation into Teslas operating on partially automated driving systems that have crashed into parked emergency vehicles has moved a step closer to a recall.
June 9, 2022Biden Pushes to Lower Ocean Shipping Costs
WASHINGTON — President Joe Biden launched a renewed push June 9 to reduce the costs of shipping goods across oceans, a major challenge for retailers that the White House said has pushed up prices as the world emerges from the coronavirus pandemic.
June 9, 2022