Business, Technology

Tesla Sales Rise, but Revenue Still Lower Than Expected

Tesla Inc. shares declined in early trading after the electric car maker reported lower-than-expected revenue and acknowledged it isn’t immune from economic headwinds.

October 20, 2022
Government, Fuel

White House to Tap Oil Reserve Again Amid High Fuel Prices

The Biden administration is moving toward a release of at least another 10 million to 15 million barrels of oil from the nation’s emergency stockpile in a bid to balance markets and keep gasoline prices from climbing further.

October 18, 2022
Business, Private

Kroger Eyes Merger With Albertsons

Kroger Co. is in talks about a tie-up with rival Albertsons Cos. in a deal that would create a U.S. grocery giant, people familiar with the matter said.

October 13, 2022
Government, Business, Technology, Logistics

US Chip Suppliers Pull Back From China’s Yangtze Memory

American suppliers are beginning to withdraw staff from one of China’s leading chip companies in the wake of new U.S. regulations, a blow to Communist Party efforts to build a vibrant domestic technology industry.

October 12, 2022
Business, Equipment, Logistics

First the Mississippi, Now the Ohio River Faces a Barge Crisis

The Mississippi River isn’t out of the woods as falling water levels along its major tributaries threaten to deepen a crisis on the U.S.’s main artery for moving vital products. And now the Ohio River is seeing closures at multiple locations due to groundings and dredging work.

October 11, 2022
Business, Fuel

Diesel Profits Near Record With Supplies Dwindling Into Winter

Diesel supplies are so tight heading into winter that profits for producing the heating and trucking fuel are nearing a record high.

October 7, 2022
Business, Logistics

Dwindling Mississippi River Grounds Barges, Threatens Shipments

A logjam of more than 100 ships, tugboats and their convoys of barges in the shrinking Mississippi River is threatening to grind trade of grains, fertilizer, metals and petroleum to a halt.

October 6, 2022
Government, Business, Equipment, Fuel

EV Tax Credit Rules Put on Fast Track at Treasury

The Treasury Department is expediting the formulation of scores of regulations that will carry out the $270 billion worth of energy tax incentives included in President Joe Biden’s signature climate and tax bill.

October 5, 2022
Business, Fuel

Elon Musk Proposes to Buy Twitter for Original Price of $54.20 a Share

Tesla CEO Elon Musk revived his bid for Twitter Inc. at the original offer price of $54.20 a share, potentially avoiding a courtroom fight over one of the most contentious acquisitions in recent history.

October 4, 2022
Business, Technology, Equipment

GM Tops Rival Automakers in Car Sales as Supply Crunch Eases

General Motors Co. made big sales gains in the third quarter in a sign the semiconductor shortage is easing, but the relief may arrive for automakers just as consumers get squeezed by rising interest rates and concerns about the economy.

October 4, 2022