National Business News

  • EV credits face limit in new rules

    Plans released Friday by the departments of Treasury and Energy would limit electric-vehicle buyers from claiming a full tax credit if they purchase cars conta…

  • Stocks gain as optimism for interest rate cut grows

    A broad rally on Wall Street closed out a fifth-straight week of gains for the market Friday, driving the S&P 500 to its highest level in more than a year.

  • Small dip in mortgage rates seen for ’24

    Several housing economists are projecting that mortgage rates will ease moderately next year, though the forecasts call for the average rate on a 30-year home …

  • Fed chair: Inflation slowed but not defeated

    Inflation is slowing steadily, but it's too early to declare victory or to discuss when the Federal Reserve might cut interest rates, Chair Jerome Powell said …

  • October pace of inflation slackens

    The Federal Reserve's preferred inflation measure cooled in October, the latest sign that price pressures are waning in the face of high interest rates and mod…

  • Starbucks hits pause on mobile orders

    Starbucks Corp. is making it easier for employees to pause mobile orders in response to staffing concerns -- an issue that's contributed to repeated protests b…

  • S&P 500, Dow end day with upswing

    Stocks closed mostly higher Thursday as the market ended November with its biggest monthly gain in more than a year.

  • Tesla delivers first dozen Cybertrucks to customers

    With manufacturing kinks still to be worked out, Tesla delivered the first dozen or so of its futuristic Cybertruck pickups to customers Thursday, two years be…

  • Strike slashed profit by $1.7B, Ford says

    A six-week United Auto Workers strike at Ford cut sales by about 100,000 vehicles and cost the company $1.7 billion in lost profits this year, the automaker sa…

  • Overall jobless-aid applications reach 2-year high

    Slightly more Americans filed for unemployment claims last week, but the overall number of people in the United States collecting unemployment benefits rose to…

  • GM predicts e-vehicle gains by ’25

    General Motors is losing money on every electric vehicle it sells, but the company says it's on track to generate mid single-digit pretax profit margins in 202…