A sale sign is seen at car dealer Serramonte Subaru in Colma, California. Stephen Lam | Reuters DETROIT — U.S. new vehicle sales are expected to rise next year to their highest level since 2019, led by lower interest rates and improving affordability, according to industry analysts. Cox Automotive expects new light-duty vehicle sales to … Read more
Unfortunately, Ali Soufan was right. One year ago, shortly after the October 7 Hamas attack on Israel and the start of Israel’s military response, Soufan told me that the events had “ushered in a new era of chaos to the region.” The fallout has seen the displacement of millions of Gazans, the killing of Hamas … Read more
By MEG KINNARD Congress has until midnight Friday to come up with a way to fund the government or federal agencies will shut down, meaning hundreds of thousands of federal employees could be sent home — or stay on the job without pay — just ahead of the holidays. Republicans abandoned a bipartisan plan Wednesday … Read more
In his first post-election news conference, President-elect Donald Trump vowed to “straighten out” the “corrupt” US press. Before he’s even taken office, he’s already made efforts to shape the media in his favor — tapping loyalists for publicly funded outlets and launching unprecedented lawsuits against newspapers and pollsters that observers worry are the signs of … Read more
Healey told the Times: “We will look wherever we can to respond to what the Ukrainians want. They are the ones fighting.” Healey was in Kyiv to unveil fresh U.K. support for Ukraine, which comes as Western allies mull the conflict’s next steps before U.S. President-elect Donald Trump returns to the White House. The fresh tranche … Read more
A Tesla Cybertruck is parked outside of a dealership on November 14, 2024 in Austin, Texas. Brandon Bell | Getty Images Tesla shares sank more than 8% on Wednesday, notching their steepest drop since before Donald Trump’s election victory last month, which sparked a sharp rally in the stock. Tesla closed at $440.13, and is … Read more
Washington — House Speaker Mike Johnson scrapped a last-minute measure to avoid a government shutdown after facing opposition from fellow Republicans — including President-elect Donald Trump — who objected to billions of dollars in spending that had been added to the bill. Lawmakers are facing a Friday deadline to approve new spending. The measure released Tuesday … Read more
Atop a newly completed, 3.5-million-square-foot building that stands on 1,100 acres in the Arizona desert north of Phoenix is a giant logo of a microchip wafer and the letters TSMC. Taiwan Semiconductor Manufacturing Company’s first Arizona chip fabrication plant, or fab, is making history because it’s the most advanced chip fab on U.S. soil, and … Read more
Dirty secret That’s where Germany comes in. The dirty little secret of European R&D spending is that half of it comes from Germany. And most of that investment flows into one sector: automotive. While that might seem obvious given the sector’s size (the German auto industry’s annual revenue is nearly half a trillion euros), it’s not where … Read more
By MICHAEL KUNZELMAN WASHINGTON (AP) — The federal judge who presided over the seditious conspiracy case against Oath Keepers members said Wednesday that it would be “frightening” if the anti-government group’s founder, Stewart Rhodes, is pardoned for orchestrating a violent plot to keep Donald Trump in the White House after he lost the 2020 presidential … Read more
