US business equipment orders rebound after downward revision
Orders placed with US factories for business equipment rebounded in August, suggesting resilient investment despite elevated borrowing costs. The value...
Truckmaker Volvo picks new chairman amid spin-off talk
Volvo Group, one of the world’s largest truckmakers, has proposed that Par Boman be appointed its new chairman at the...
United Auto Workers call unprecedented strike at all three Detroit automakers
The United Auto Workers began a strike Friday against all three of the legacy Detroit carmakers, an unprecedented move that...
US growth accelerates to 2.4% on resilient consumers, companies
US economic growth unexpectedly picked up steam in the second quarter thanks to resilience among consumers and businesses in the...
US economy powers ahead, boosting chances of averting recession
The US economy shined in its latest report card, supporting calls that it can dodge recession despite the most aggressive...
Fed raises interest rates to 22-year high, leaves door open for more
The Federal Reserve raised interest rates to the highest level in 22 years and left the door open to additional...
PacWest to be sold to Banc of California in latest rescue deal
PacWest Bancorp is being bought by smaller rival Banc of California as it seeks to navigate a bout of upheaval...
Truckers eye combustion engine future by burning hydrogen
Daimler Truck Holding AG is pushing a fringe technology as an alternative to batteries and fuel cells in the shift to zero-emission...
