Global gasoline may have peaked, thanks to fuel efficiency gains and the growing popularity of electric vehicles, the International Energy Agency said in a new report, noting that these trends offset growth in mobility in emerging economies.
The report,...
Ford Motor on Thursday said the global shortage of semiconductor chips and winter storms impacting the availability of other parts in the U.S. are causing it to cancel shifts at two plants and build F-150 pickups and Edge SUVs without certain parts.
FedEx on Thursday reported better-than-expected profits and revenues in its most recent quarter after what its CFO called an “unprecedented” peak holiday shipping season, despite severe weather in February that impaired operations at several of its largest hubs.
FedEx shares...
The NFT craze may come with a painful tax surprise for buyers and sellers who use cryptocurrencies, according to tax experts.
Sales of NFTs, or nonfungible tokens, have exploded in recent weeks, topping $500 million in 2021, according to...
The Federal Reserve on Wednesday sharply ramped up its expectations for economic growth but indicated that there are no interest rate hikes likely through 2023 despite an improving outlook and a turn this year to higher inflation.
As widely expected, the...
An extended surge in oil prices is unlikely as the world rebounds from the pandemic given ample supply but changes are seen in demand and gasoline may have peaked, the International Energy Agency (IEA) said on Wednesday.
"Oil’s sharp...
Oil prices will likely remain at the current high levels in March and April, with Brent Crude prices averaging between $65 and $70 per barrel, after the OPEC+ group unexpectedly decided to maintain their production cuts into April, the U.S. Energy Information...
On the heels of losing a major labor battle in the United Kingdom, Uber will reclassify all U.K.-based drivers as workers.
Under the new designation, more than 70,000 drivers will receive some benefits, including minimum wage, holiday time and...
The recent trading frenzy around GameStop Corp and other so-called “meme” stocks highlights shortcomings and challenges in the U.S. markets as retail investors become a bigger presence, exchange leaders said on Tuesday.
“The regulatory structure of the U.S. equity...
Volkswagen Group’s CEO has dismissed the notion that his firm could join forces with Tesla, telling CNBC that the German automotive giant was looking to go its own way.
Speaking to “Squawk Box Europe” on Tuesday, Herbert Diess was...
