WASHINGTON (AP) — Federal Reserve Chair Jerome Powell says that a sharp slowdown in hiring poses a growing risk to the U.S. economy. Powell’s comments Tuesday suggest that the Fed will likely cut its key interest rate twice more this year. Powell said in written remarks that despite the federal government shutdown cutting off official…… MORE
WASHINGTON (AP) — The U.S. and global economies will grow a bit more this year than previously forecast as the Trump administration’s tariffs have so far proved less disruptive than expected, the International Monetary Fund said Tuesday, though the full impact of those policies is still emerging. While the U.S. and world economies have fared…… MORE
General Motors will book a negative impact of $1.6 billion in its next quarter after tax incentives for electric vehicles were slashed by the U.S. and rules governing emissions are relaxed. Shares dipped 3% before the opening bell Tuesday. The EV tax credit ended last month. The clean vehicle tax credit was worth $7,500 for…… MORE
Stellantis plans to invest $13 billion over the next four years to expand its manufacturing capacity in the United States. The automaker says this move will increase domestic vehicle production by 50% and add over 5,000 jobs. On Tuesday, Stellantis announced the investment will support the introduction of five new vehicles, including a Dodge Durango…… MORE
Meta has removed a Facebook page used to track the presence of immigration agents at the request of the Department of Justice, the company confirmed on Tuesday. Attorney General Pam Bondi said in a post on X that “following outreach” from the DOJ, Facebook removed a “large group page” that was being used to target…… MORE