Nio delivered fewer cars than Xpeng and Li Auto did in July
The Li One electric car from Li Auto is displayed at the Moonstar Global Harbor shopping mall in Shanghai, China, May 10, 2021. Costfoto | Barcroft Media | Getty Images BEIJING — Chinese electric car start-up Nio, which has led...
Utilities are struggling to keep the lights on as fires, drought plague California
A customer shops for groceries at La Tapatia Market during a blackout in Napa, California, on Wednesday, Oct. 9, 2019. David Paul Morris | Bloomberg | Getty Images The electric grid in the West is being tested like never before...
Stocks making the biggest moves midday: Amazon, P&G, Caterpillar and more
In this photo illustration an Amazon logo is displayed on a smartphone with stock market percentages in the background. SOPA Images | LightRocket | Getty Images Check out the companies making headlines in midday trading. Amazon — Amazon shares fell...
The IRS has issued $10 billion in tax refunds on unemployment benefits. Here’s why another break is unlikely next year
Stefani Reynolds/Bloomberg via Getty Images The IRS began issuing another 1.5 million tax refunds this week to people who received unemployment benefits in 2020. That adds to the nearly 9 million refunds, worth about $10 billion, the agency sent since...
Delays for unemployment benefits persist, over a year into pandemic
A career fair in Louisville, Kentucky, on June 23, 2021. Luke Sharrett/Bloomberg via Getty Images Unemployment benefits are still not reaching people quickly, over a year into the Covid pandemic. About 38% of workers who got their first payment of...
Key inflation indicator up 3.5% year over year in June for fastest gain since 1991
An inflation indicator that the Federal Reserve uses as its key guide rose 3.5% in June, a sharp acceleration that was nonetheless right around Wall Street expectations, the Commerce Department reported Friday. The personal consumption expenditures price index, which excludes...
Nasdaq futures fall more than 1% as stocks try to round out strong July
Matteo Colombo | DigitalVision | Getty Images Futures contracts tied to the major U.S. stock indexes fell in the overnight session as a soft earnings report from Amazon threatened to dampen an otherwise strong month ahead of July’s final day...
Pending home sales drop in June — more evidence of a housing turnaround
A real estate for sale sign shows the home as being “Under Contract” in Washington, DC, November 19, 2020. Saul Loeb | AFP | Getty Images Pending sales of existing homes in June as measured by signed contracts fell 1.9%...
U.S. GDP rose 6.5% last quarter, well below expectations
The U.S. economy rose at a disappointing rate in the second quarter, the Commerce Department reported Thursday in a sign that the U.S. has escaped the shackles of the Covid-19 pandemic but still has more work to do. Gross domestic...
Stocks making the biggest moves premarket: Comcast, Merck, Tempur Sealy, Yum and others
Check out the companies making headlines before the bell: Comcast (CMCSA) – Comcast rose 1.9% in the premarket after reporting adjusted quarterly earnings of 84 cents per share, beating the consensus estimate of 67 cents. The NBCUniversal parent also reported...
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