Ford workers produce the F-150 Lightning electric pickup on December 13, 2022 at the automaker’s Rouge Ford Electric Vehicle Center (REVC). Michael Wayland | CNBC DETROIT – Ford Motor District has paused production and shipments of the electric F-150 Lightning…
Hyundai and Kia are rolling out software updates to prevent a raft of car thefts linked to a TikTok challenge that authorities believe has led to at least 14 reported accidents and eight fatalities. Free update for millions of vehicles…
US equities softened on Tuesday after inflation slowed less than expected, raising investor expectations that the Federal Reserve will respond with more interest hikes this year to combat rising prices. Wall Street’s blue-chip S&P 500 and the tech-heavy Nasdaq Composite…
In this photo illustration, a Subway sandwich is seen on a table at a Subway restaurant on January 12, 2023 in Austin, Texas. Brandon Bell Getty Images Sandwich giant Subway confirmed Tuesday it is exploring the possibility of a sale.…
The number of people with medical debt on their credit reports fell by 8.2 million — or 17.9% — between 2020 and 2022, according to a report Tuesday from the U.S. Consumer Financial Protection Bureau. White House officials said in…
The U.S. consumer price index rose 6.4 percent in January compared to a year earlier, a smaller-than-expected decline, in data that will add to concerns about persistently high inflation in the U.S. economy. Economists expect a deceleration in the annual…
Inflation is headed higher to start 2023, as rising prices for shelter, gas and fuel hurt consumers, the Labor Department reported Tuesday. The consumer price index, which measures the overall purchase of general goods and services, rose 0.5% in January,…
Microsoft’s latest investment in OpenAI is widely seen as a last-ditch bid to revive Bing’s search engine from obscurity, but could it be more than that? Cathie Wood’s ARK Invest believes that Google should lose more than just dominating internet…
President Recep Tayyip Erdoğan’s government has ordered private pension funds to boost their holdings of Turkish stocks after a sell-off caused by last week’s earthquake prompted authorities to suspend trading on the Istanbul stock exchange. The decision, announced on Tuesday,…
Occidental Petroleum’s recent underperformance has brought the stock to a more attractive level, according to Goldman Sachs. Analyst Neil Mehta upgraded the energy stock to buy from neutral. The $81 price target per share represents a 25.1% upside from Monday’s…