President Donald Trump pledged to revoke the so-called electric vehicle mandate, and an executive order on day one of his second presidential term signals his intent to undo much of his predecessor’s legacy when it comes to electric vehicle promotion. But it’s unclear how sweeping the impact will be or whether it will ultimately kill…
A benign December inflation report was all it took to ignite another strong rally on Wall Street, with major indices delivering their best weekly performance since the postelection surge in early November. Heading into the week, markets were gripped by concerns over inflation and interest rates, pricing in just one interest rate cut by year-end…
The tech-heavy Nasdaq 100 index extended its relentless climb over the week, setting new record highs and nearing the 22,000-point milestone, fueled by strong investor optimism in the Magnificent Seven tech giants and the transformative potential of artificial intelligence. Year to date, the index has posted a robust 30% gain, on track to outperform the…
General Motors Co. will incur two noncash charges of more than $5 billion for recognizing the change in value of its joint-venture business in China and restructuring costs there, according to a Wednesday filing with the Securities and Exchange Commission. GM expects a $2.6 billion to $2.9 billion write-down, or reduction in value on its…