China’s CATL Is Planning a Major Expansion of Battery Swapping for Electric Vehicles
The world’s largest maker of batteries for electric vehicles says it will get into battery swapping in China in a big way starting next year
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Iran’s Rial Hits a Record Low, Battered by Regional Tensions and an Energy Crisis
The Iranian rial has fallen to its lowest level in history, losing more than 10% of value since Donald Trump won the U.S. presidential election in November
Amazon Workers Strike at Multiple Facilities as Teamsters Seek Labor Contract
Workers at seven Amazon facilities are on strike
US Retreats From Massive Air Bag Recall and Says Industry Comments Show Need for More Investigation
U.S. safety regulators have backed away from seeking a recall of nearly 50 million air bag inflators
US Applications for Unemployment Benefits Come Back Down After Last Week’s Big Rise
The number of Americans applying for unemployment benefits fell markedly last week following a big increase the week before
Bank of England Warns of ‘Heightened Uncertainty’ as It Keeps Interest Rates on Hold
The U.K.’s central bank has warned about “heightened uncertainty” as it kept interest rates on hold after inflation moved further above target even at a time when the British economy is flatlining at best
UK Inflation Increase Solidifies Expectations Interest Rates Will Be Kept on Hold
Inflation in the U.K. has risen to its highest level since March
US Stocks Fall Sharply and Dow Tumbles 1,100 Points After the Fed Hints at Just 2 Rate Cuts for 2025
U.S. stocks tumbled to one of their worst days of the year after the Federal Reserve hinted it may deliver fewer shots of adrenaline for the U.S. economy in 2025 than earlier thought
Energy Chief Granholm Warns Against ‘Unfettered Exports’ of Liquefied Natural Gas
Energy Secretary Jennifer Granholm says the incoming Trump administration should proceed cautiously as it considers proposals for new natural gas export terminals
Fed Cuts Rates for Now, But Suggests a Slower Easing Ahead as Economy Remains Strong
The shift reflects a Federal Reserve that is facing faster growth and stickier inflation.
Weekly Market Review – December 21, 2024
U.S. Economy Grows at 3.1% Pace in Third Quarter, an Upgrade From Previous Estimate
Wall Street Ends Little Changed After Giving up a Big Morning Gain
How You Could Benefit From Tax-Loss Selling This Year
Mister Car Wash Transferring Stock Listing to Nasdaq From NYSE
Cintas (NASDAQ:CTAS) Shares Gap Down – Here’s Why
Bitfarms (NASDAQ:BITF) Shares Down 4.3% – Here’s What Happened
Rigetti Computing (NASDAQ:RGTI) Trading Down 23.6% – Should You Sell?
D-Wave Quantum (NYSE:QBTS) Trading Down 24.2% – Should You Sell?
US Effort to Curb China’s and Russia’s Access to Advanced Computer Chips ‘Inadequate,’ Report Finds