U.S auto sales in the opening months of 2021 have risen 11.3%, with annualized selling pace in March projected to hit 16.8 million vehicles, according to the Wall Street Journal.…
OPEC+ has agreed to add more than 2 million barrels a day of global oil supplies from May to July, reports Bloomberg. The output increase is about a quarter of…
The S&P 500 rose as much as 0.7% to surpass a record 4,000 on Thursday as investors weighed President Joe Biden’s newly unveiled $2.25 trillion stimulus plan. The surge was…
President Joe Biden on Wednesday singled out Amazon.com Inc. for not paying federal taxes, according to Reuters. Biden said Amazon was using various loopholes to avoid the federal income tax…
A Volkswagen joint venture in China has agreed to purchase green car credits from Tesla to meet local environmental rules, according to Reuters. The deal highlights the scale of the…
U.S jobless claims in the week ending March 27 rose by 61,000 to 719,000, according to the Department of Labor press release. The jobless claims were higher than expected 675,000.…
Taiwan Semiconductor Manufacturing Co. plans to spend $100 billion over the next three years to expand its chip fabrication capacity, according to Bloomberg. The spending aims to address the booming…
The headline Eurozone Manufacturing PMI reached 62.5 in March, up from February’s 57.9 reading, according to IHS Markit press release. The growth was fueled by improving operating conditions which hit…
Micron technology Inc. and Western Digital Corp are exploring a potential deal for Kioxia Holdings Corp., according to the Wall Street Journal. The deal could value the Japanese semiconductor company…
NIO delivered 7,257 vehicles in March 2021, a new monthly record, representing a 373% year over year growth, according to StreetInsider. In total, the company delivered 20,060 vehicles in the…
Microsoft Corp. has won a deal worth up to $21.88 billion over 10 years to sell the U.S Army augmented reality headsets, according to Reuters. The headsets are based on…
Xpeng P7 fleet drove over 3,600 km from Guangzhou to Beijing with 2,930 km highway driving under the control of Navigation Guided Pilot, according to Businesswire. The fleet achieved an…