A made-in-China electric vehicle will hit U.S. dealers this summer offering power and efficiency similar to the Tesla Model Y, the world’s best-selling EV, but for about $8,000 less. The EX30 from Volvo Cars, the Swedish luxury brand owned by China’s Geely, foreshadows the fierce competitive threat U.S. automakers could face from Chinese EV manufacturers […]Read More
Southwest Airlines on Thursday posted a wider loss for the first quarter than the same period last year and warned that Boeing’s airplane delays will hamper its growth into 2025. The airline expects to grow capacity 4% this year, down from a plan to expand 6%. For the second quarter, it forecast growth of 8% to 9% and […]Read More
Beleaguered seafood chain Red Lobster is seeking a buyer as it looks to avoid filing for bankruptcy, CNBC has learned. The company has considered filing for bankruptcy to help it restructure its debt and get out of a number of costly and lengthy leases, but it’s also sought a buyer in recent months, people familiar with the […]Read More
Millions more Americans could become eligible for overtime pay. The Biden-Harris administration announced a final rule Tuesday that raises the minimum salary threshold to qualify for time-and-a-half pay after 40 hours of work in a week. Proponents say the new limit will mean lower-paid workers are fairly compensated for long hours, and business groups are expected to […]Read More
The United Auto Workers just notched a historic victory in Tennessee, the union’s first major win since signing new contracts in Detroit as it shifts focus to the South. Some industry workers there feel more optimistic than ever, but others still aren’t ready to join up. Friday’s landslide outcome at the Chattanooga Volkswagen plant, where […]Read More
TikTok’s fate in the U.S. has never been more in doubt after Congress approved a billthat gives its parent company two options: sell it to an approved buyer or see it banned. President Joe Biden signed the legislation into law on Wednesday. But it could take years for the TikTok ban to actually go into […]Read More
BALTIMORE — The first cargo ship passed through a newly opened deep-water channel in Baltimore on Thursday after being stuck in the harbor since the Francis Scott Key Bridge collapsed four weeks ago, halting most maritime traffic through the city’s port. The Balsa 94, a bulk carrier sailing under a Panama flag, passed through the new 35-foot […]Read More
Politicians, like us all, often engage in hyperbole to make a point. But don’t doubt the alliterative precision of Sen. Richard Blumenthal (D-Conn.) when he warns about “a deluge of deception, disinformation and deepfakes … about to descend on the American public.” “There is a clear and present danger to our democracy,” he added for […]Read More
BRYANT, Ark. — Tony Chism pulled up to the library in a red pickup truck with a “Don’t Tread on Me” plate on the front and a “Biden Sucks” sticker on the back. He settled into a lawn chair and held up a sign showing solidarity with abortion rights activists gathered nearby: “LET PEOPLE VOTE.” […]Read More
In March, Hungarian Prime Minister Viktor Orban went to Mar-a-Lago, arguing to Donald Trump that Russia would grind Ukraine down and eventually win their war — and that the United States should accept that reality. Then the two spent hours in a ballroom listening to a cover band play Rolling Stones hits. Several weeks later, […]Read More
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