Ford is betting that solid-state batteries will cut EV costs
DETROIT — Ford has raised its stake in a manufacturer of solid-state batteries — a move that its chief product and operations officer, Hau Thai-Tang,…
AP Wire
Greek bond sale declared a success with near-zero yield
ATHENS, Greece — Greece’s finance minister said the country raised 3 billion euros ($3.6 billion) in a 5-year bond auction Wednesday at a record-low, near-zero…
Peloton recalls treadmills after a child dies
NEW YORK — Peloton is recalling its treadmills after one child died and 29 other children suffered from cuts, broken bones and other injuries from…
US services sector slows slightly in April after record high
WASHINGTON — Activity in the U.S. services sector, where most Americans work, slowed slightly in April after hitting an all-time high in March. The Institute…
Treasury warns of need to deal with national debt limit
WASHINGTON — The Treasury Department says it will employ measures to avoid an unprecedented default on the national debt this summer, but officials say those…
GM profit surges to $2.98 billion on sales of higher-margin trucks
DETROIT — General Motors’ first-quarter net income surged to $2.98 billion as strong U.S. consumer demand and higher prices offset production cuts brought on by…
Facebook board upholds Trump ban, just not indefinitely
Former President Donald Trump won’t return to Facebook — at least not yet. Four months after Facebook suspended Trump’s accounts, having concluded that he incited…
U.S. trade deficit hits record $74.4 billion in March
WASHINGTON — The U.S. trade deficit surged to a record $74.4 billion in March as an improving U.S. economy drove purchases of imported foreign goods….
UN program inks Moderna deal on 500M doses, starting in Q4
GENEVA (AP) — U.S. biotech company Moderna will provide up to 500 million doses for the U.N.-backed program to ship coronavirus vaccines to needy people…
US construction spending up in March less than expected
SILVER SPRING, Md. — U.S. construction spending bounced back in March following a February beset by frigid cold and winter storms across large swaths of…