US core inflation eases for first time in six months
US consumer prices rose in December by less than forecast after months of faster underlying inflation persuaded the Federal Reserve...
Ally to end mortgage originations, cut jobs across company
Ally Financial Inc. will cut jobs, end mortgage originations and consider strategic alternatives for its credit-card business as borrowers have...
Carvana extends loan sale deal with Ally, refuting short report
Carvana Co. said it has reestablished an agreement with Ally Financial Inc. to sell the lender up to $4 billion...
US car sales get year-end boost from Trump’s threat to end EV tax credits
The threat by President-elect Donald Trump to end tax credits for electric vehicles helped lift sales in the fourth quarter,...
Hindenburg shorts Carvana, accusing firm of ‘grift for the ages’
Carvana Co. was accused by prominent short-seller Hindenburg Research of impropriety in a report alleging that the auto retailer’s subprime...
Tesla’s annual EV sales drop for first time in over a decade
Tesla Inc.’s annual vehicle sales dropped for the first time in more than a decade despite a year-end push that...
US initial jobless claims fall to eight-month low to end 2024
Initial applications for US unemployment capped 2024 at an eight-month low, reflecting the relatively muted levels of job cuts in...
Honda-Nissan deal is credit positive, Honda faces risks: Moody’s
The proposed business integration of Honda Motor Co. and Nissan Motor Co. is positive overall for the credit quality of...
