Inflation in the U.S. surged to 3.8% in April, the highest since May 2023, driven by energy and transportation costs amid geopolitical tensions. Producer inflation also jumped sharply, fueling concerns about persistent price pressures. This has led bond markets to price in a more than 50% chance of another Federal Reserve rate hike by year-end, signaling that interest rates may remain higher for longer. Meanwhile, Ford's shares rallied strongly after Morgan Stanley highlighted the growth potential of its new energy division, but overall, the market faces uncertainty as rising inflation challenges the recent AI-driven stock rally.
Canada has approved the import of 49,000 Chinese-made electric vehicles (EVs) annually at a reduced tariff rate of 6.1%, significantly lower than the 100% tariff on other Chinese vehicles. This move allows Canadian auto dealers to sell Chinese EVs, w...
Ford shares fell 7% intraday after a recent 20% surge in one week, driven by profit-taking rather than any fundamental change. The company recently raised its full-year guidance, and operational performance remains strong. Tesla also dropped 4%, infl...
With low yields on the S&P 500 and money-market rates falling due to Fed easing signals, income investors seek higher-yield stocks under $30 that combine attractive dividends with analyst support. AGNC Investment offers steady monthly dividends backe...
GM, Ford, and Stellantis have cut over 20,000 U.S. salaried jobs since 2020, driven by technological changes including AI, autonomous, and electric vehicles. GM led with about 11,000 cuts, recently laying off 500-600 IT workers to adapt to AI integra...
Ford's stock surged about 22% over two days, marking its best rally since March 2020, driven by Morgan Stanley's bullish report on Ford Energy, a new battery storage business. Morgan Stanley values this unit at $10 billion, highlighting its potential...
