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GovernmentBusiness

Transportation Index Falls, Signaling Risks for Stock Market

Transportation companies that serve as a bellwether for the American economy sent up a smoke signal last week.

April 19, 2024
GovernmentBusinessFuel

EPA Allows Summer Sales of Higher-Ethanol E15 Gasoline

The Biden administration is using emergency powers to authorize widespread sales of higher-ethanol E15 gasoline this summer, following a strategy it employed the previous two years.

April 19, 2024
BusinessTechnologyFuel

Tesla Co-Founder J.B. Straubel Built an EV Battery Colossus

Redwood Materials, started by Tesla co-founder J.B. Straubel, is attempting to create a domestic loop using recycled critical metals for lithium-ion batteries.

April 19, 2024
BusinessTechnology

Waning EV Market Drags Down Chipmakers’ Shares

A waning electric vehicle market is dragging down shares of companies making chips for automobiles, with their limited exposure to AI excluding them from a broader rally. 

April 19, 2024
BusinessEquipment

Geely to Sell $1.32 Billion of Volvo Truck Shares

Shares of truck maker Volvo AB dropped as much as 5.9% in Stockholm on news that China’s Zhejiang Geely Holding Group had sold the entirety of its Class B shares, worth about $1.3 billion.

April 19, 2024
GovernmentBusinessTechnologySafety

Tesla Recalls 3,900 Cybertrucks to Repair Faulty Pedals

Tesla Inc. recalled 3,878 Cybertruck pickups to rework or replace accelerator pedals that can dislodge and cause the vehicle to unintentionally accelerate, increasing risk of a crash.

April 19, 2024
GovernmentBusinessTechnologySafetyAutonomousTCA

Weather Sensors Will Aid Autonomous Trucks in Fort Worth

The federal government awarded Fort Worth, Texas, $2 million to test weather sensors on autonomous freight truck routes.

April 18, 2024
GovernmentBusinessSafetyLogistics

Maryland Leaders Push for Federal Aid

The governor of Maryland in pointed remarks challenged federal lawmakers to see for themselves the devastation wrought by the collapse of the Francis Scott Key Bridge.

April 18, 2024
GovernmentBusiness

Capitol Hill Republicans Press Acting Labor Secretary Su

During a U.S. House subcommittee hearing with acting Labor Secretary Julie Su on April 17, a Republican lawmaker on the panel raised concerns about a federal employee classification rule.

April 18, 2024
GovernmentBusinessFuel

A Weakening Diesel Market Is Becoming a Problem for Oil

The global diesel market is deteriorating, a concerning economic signal and food for thought for bullish oil traders.

April 18, 2024