U.S. President Joe Biden speaks to United Auto Workers members at the UAW’s Community Action Program (CAP) legislative conference in Washington, U.S., January 24, 2024. Leah Millis | Reuters The United Auto Workers union is endorsing President Joe Biden for reelection this year, UAW President Shawn Fain announced Wednesday at a union conference in Washington, … Read more
Alaska Airlines N704AL, a 737 Max 9, which made an emergency landing at Portland International Airport on January 5 is parked at a maintenance hanger in Portland, Oregon on January 23, 2024. Patrick T. Fallon | AFP | Getty Images Boeing CEO Dave Calhoun met with several U.S. senators on Capitol Hill Wednesday as scrutiny … Read more
Dutch firm ASML makes one of the most important pieces of machinery required to manufacture the most advanced chips in the world. U.S. chip curbs have left companies, including ASML, scrambling to figure out what the rules mean in practice. Emmanuel Dunand | AFP | Getty Images ASML, one of the most important semiconductor equipment … Read more
Things may be about to get really bad for BMW. Germany’s motor transport authority, KBA, has started proceedings against BMW over suspicions the automaker manipulated emissions results in its X3 2.0-liter diesel models, according to Reuters. It’s a similar situation to Volkswagen’s Dieselgate scandal that rocked the automotive industry nearly 10 years ago. BMW 3T … Read more
The Federal Deposit Insurance Corp. (FDIC) headquarters in Washington, DC, US, on Monday, March 13, 2023. Al Drago | Bloomberg | Getty Images A former high-ranking lawyer at the Federal Deposit Insurance Corporation pleaded guilty Tuesday in federal court to conspiring to sexually exploit multiple children and now faces a mandatory minimum prison sentence of … Read more
The total addressable market for new and used car sales in the U.S. is estimated to be somewhere between $2.5 trillion and $3 trillion, according to the National Automobile Dealers Association. And e-commerce behemoth Amazon is attempting to do what insiders say no one has been able to do yet: bring a seamless online shopping … Read more
Traders work on the floor of the New York Stock Exchange (NYSE) on October 30, 2023 in New York City. Spencer Platt | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they … Read more
Instead, many of his supporters have become convinced that Trump is a victim of a political witch hunt. Washington: He has been impeached twice, tried to thwart the peaceful transfer of power after losing the 2020 presidential election, faces scores of charges in multiple criminal cases, and his critics warn he is plotting to rule … Read more
A BYD Seagull small electric car is on display during the 20th Shanghai International Automobile Industry Exhibition at the National Exhibition and Convention Center (Shanghai) Vcg | Visual China Group | Getty Images DETROIT – Chinese automakers pose a growing threat to their American counterparts — even without selling directly to consumers in the U.S. … Read more
Jim Dyson | Getty Images News | Getty Images The global economy does not need a “collapse” in order to bring inflation back to target and return to sustainable growth, according to Steven Wieting, chief investment strategist and chief economist at Citi Global Wealth. Major economies have proven surprisingly resilient to sharp interest rate increases … Read more
