The plan for Ford Motor Co and Korean battery partner SK Innovation to build three battery plants in the United States, announced this week [nL1N2QT2V6], will prompt a furious drive by labor leaders to organize the plants, potentially setting the tone for future union drives at auto industry factories in the U.S. South.
U.S. startup Lucid Group Inc said on Tuesday it will start delivering luxury electric sedans with a Tesla-beating driving range in late October, posing a major challenge to the market leader whose sales of premium models have stagnated.
Tesla Inc Chief Executive Elon Musk said on Tuesday U.S. President Joe Biden's administration was not the friendliest and its electric vehicle policy appeared to be controlled by labor unions.
Electric vehicle stocks have been on fire over the past two years as investors have seen that's where the growth in the auto market is going to come from. New automakers have also built disruptive business models that forgo dealers, outsource manufacturing, and even bring chargin
Lucid Group Inc said on Tuesday it will start delivering its luxury electric sedans with a Tesla-beating driving range in late October, in a major challenge to the market leader whose sales of premium models have stagnated.
Wall Street stocks ended sharply lower on Tuesday in a broad sell-off driven by rising U.S. Treasury yields, deepening concerns over persistent inflation, and contentious debt ceiling negotiations in Washington.
Wall Street stocks ended sharply lower on Tuesday in a broad sell-off driven by rising U.S. Treasury yields, deepening concerns over persistent inflation, and contentious debt ceiling negotiations in Washington.
Consumer stocks retreated in Tuesday trading, with the Consumer Staples Select Sector SPDR ETF (XLP) trimming earlier losses to trail by 0.9% ahead of the closing bell while the Consumer Discretionary Select Sector SPDR (XLY) was still down 1.8%.
In afternoon trading on Tuesday, Energy stocks are the best performing sector, up 0.1%. Within the sector, Schlumberger Ltd (Symbol: SLB) and ConocoPhillips (Symbol: COP) are two large stocks leading the way, showing a gain of 3.0% and 1.9%, respectively. Among energy ETFs, o
Wall Street stocks tumbled in a broad sell-off on Tuesday as the upward trajectory of U.S. Treasury yields and deepening inflation concerns dampened risk appetite and sent investors fleeing the equities market.
The S&P 500 and the Nasdaq headed for their worst day in four months on Tuesday as weak consumer confidence data deepened concerns over slowing economic growth, while a surge in Treasury yields hit mega-cap technology stocks.
Ford (F) Stock Soars On New EV & Battery PlantsDespite optimism for a Biden infrastructure bill to boost clean energy, many electric vehicle (EV) stocks have seen their stock prices struggle as of late. Unlike last year, investing in the EV industry in the stock market today
Wall Street indexes sharply dropped on Tuesday as weak consumer confidence data deepened concerns over slowing U.S. economic growth, with the Nasdaq down more than 2% as a surge in Treasury yields pressured mega-cap technology stocks.
Ford Motor Co said on Tuesday its U.S. salaried employees would be required to submit their vaccination status against COVID-19 by Oct. 8 and that it had asked its hourly employees to do the same.
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