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Jerome Powell stressed that the Fed’s current goal is to support a largely healthy economy and job market, rather than rescue a struggling economy or prevent a recession.

The enforcement action stems from an October 2023 incident in San Francisco in which a Cruise robotaxi dragged a pedestrian about 20 feet before coming to a complete stop.

Volvo Car and dozens of industrial manufacturers urged Brussels to stick to a plan to halt sales of new combustion engine cars starting in 2035. 

Ford Motor Co. is offering free home chargers and installation to buyers of its electric vehicles in a bid to boost sales and overcome range anxiety among mainstream car shoppers.

ASHEVILLE, N.C. — A crisis unfolded in western North Carolina as officials rushed to get more water, food and other supplies to flood-stricken areas without power and cell service Sept. 30. 

Deutsche Bahn said bids submitted by private equity fund CVC Capital Partners remain “inferior” to the winner’s offer, the latest twist in the $16 billion battle for its logistics unit.

A lengthy ports shutdown could raise prices on goods around the country and potentially cause shortages and price increases at retailers as the holiday shopping season approaches.

Key industry and government officials are urging U.S. dockworkers and their employers to avoid a strike at East and Gulf Coast ports, though many facilities are bracing for a shutdown.

The sale of the last of the freight terminals owned or leased by bankrupt less-than-truckload carrier Yellow Corp. is set to start Oct. 1, according to a court filing.

Pete Buttigieg, Julie Su and Lael Brainard are reportedly urging the United States Maritime Alliance to get to the bargaining table.