US consumer confidence decreases to five-month low
US consumer confidence dropped to a five-month low in October, weighed down by dimmer views of business conditions and concerns ...
Tag: bloomberg news
Powell signals Fed will raise rates if needed, keep them high
Federal Reserve Chair Jerome Powell said the US central bank is prepared to raise interest rates further if needed and ...
Ford cuts price on electric version of F-150 truck by up to 17%
Ford Motor Co. is slashing prices on the electric version of its best-selling F-150 pickup by as much as 17%, as ...
Apollo’s chief economist says a ‘default cycle’ has begun due to Fed hikes
Corners of the consumer and corporate market are beginning to feel the pain from the Federal Reserve’s ultra-aggressive rate hikes, even though ...
Used-car prices may cool off in months ahead, according to industry indicators
The jump in used-car costs that propped up US inflation last month is widely expected to swing into reverse in ...
First Citizens to buy SVB after biggest bank failure since 2008
First Citizens BancShares Inc. agreed to buy Silicon Valley Bank after a run on deposits wiped out the company in ...
Rising battery prices threaten to derail the arrival of affordable EVs
Falling battery prices have been one of the most consistent trends in the electric vehicle industry for the last decade. ...
Carvana’s unwinding triggers cascade of warnings on Wall Street
As online used-car dealer Carvana Co.’s share price unwinds at a fever pitch, Wall Street analysts are slashing targets and ...
