Business

The Federal Reserve strengthened its commitment to support the U.S. economy, promising to maintain its massive asset purchase program until it sees “substantial further progress” in employment and inflation.

The economic fallout from the impact of the coronavirus pandemic has prompted a number of carriers to consolidate.

Russian-born entrepreneur Denis Sverdlov wants to revolutionize automaking, replacing Henry Ford’s century-old conveyor-belt assembly lines with tiny factories that cost far less.

According to a survey conducted by BloombergNEF, electric vehicle makers soon will be producing models that are as affordable — and as profitable — as comparable combustion-engine models.

The first hiccups in the distribution of a COVID-19 vaccine in the U.S. included a holdup in delivering 3,900 shots to two states and the announcement that Pfizer Inc. would deliver almost a million fewer doses next week than are set to ship this week.

Top congressional leaders are closing in on an agreement on a long-delayed COVID-19 relief package, hoping to seal a deal as early as Dec. 16.

Hydrogen fuel cell technology will likely roll out in heavy-duty trucks over the next five years, but hurdles remain before U.S. motor carriers will adopt them beyond small numbers of test vehicles, according to a new report.

The challenge of ensuring equitable distribution of the coronavirus vaccine is one of global scale, and the city of Miami provides a backdrop for the social and economic divides that the medical community must overcome.

Retail sales fell 1.1% in November, the biggest drop in seven months, as Americans held back on spending at the start of the holiday shopping season.

Oil surged to the highest mark in nearly 10 months in New York alongside a broader market rally as breakthroughs on U.S. stimulus talks combined with the COVID-19 vaccine rollout stoked optimism around a demand revival.