The car industry has been transformed over the past three years. First, the COVID-19 pandemic robbed manufacturers and dealers of their potential customers, sometimes for months. Then, parts shortages began to undermine inventory levels. Lower inventory meant higher prices. Regardless of the problems car manufacturers faced, some continued to produce better cars than others, and America’s worst car brand is […]

U.S. stocks closed lower on Monday after spending much of the day’s session in negative territory as investors largely stayed cautious, reassessing the expected path of Federal Reserve interest rate hikes amid falling inflation expectations. The major averages all ended in the red with the Nasdaq posting a more pronounced loss. The Dow ended down by 62.42 points or 0.2 […]

A strong demand for diesel SUVs has bumped up the contribution of these variants to Hyundai Motor India’s sales to a three-year high, a company top official told Business Standard. The local arm of the South Korean carmaker has benefitted after some leading manufacturers — including car market leader Maruti Suzuki — pulled the plug on diesel models amid tightening […]

Continuing its strong ties to the entertainment industry, Howard University will be the host of the new “Disney Storytellers Fund,” which will “create opportunities for historically underrepresented students to have future careers as storytellers and innovators in media and entertainment,” according to a joint release. The new fund was announced Saturday at the Essence Festival of Culture in Burbank, Calif., […]

The car industry supply chain problem has been brutal for manufacturers, dealers, and buyers over the course of the last year. Some manufacturers have had to idle assembly lines, a number of dealer lots are nearly empty and the lack of supply has pushed car prices to nosebleed levels. Among the reasons for the shortages is that cars have become […]

The risk of a dangerous nuclear accident probably began as the first atomic bomb was assembled at Los Altos, New Mexico in 1945. Since that point, there has been a chance that an accident could occur at a reactor or due to the unplanned explosion of a bomb. The two worst nuclear accidents were Chernobyl in 1986 and Fukushima Daiichi […]

After moving sharply higher early in the session, stocks continue to see substantial strength in afternoon trading on Friday. The major averages are extending the upward move seen going into the close of the previous session. The major averages have moved roughly sideways in recent trading, hovering near their best levels of the day. The Dow is up 657.89 points […]

The Institute for Supply Management released a report on Friday showing its reading on U.S. manufacturing activity fell to its lowest level in two years in the month of June. The ISM said its manufacturing PMI slid to 53.0 in June from 56.1 in May, although a reading above 50 still indicates growth in the sector. Economists had expected the […]

The U.S. Food and Drug Administration unveiled its action plan to advance drug development for rare neurodegenerative diseases, including Amyotrophic Lateral Sclerosis or ALS, in five years. The FDA plans specific actions such as regulatory science initiatives, enhancements to existing programs and new policy initiatives for the purpose. It will use public-private partnerships and direct involvement of patients. FDA Commissioner […]

It’s a busy season for Indian producers of orthodox tea. As Sri Lanka, the world’s largest supplier of orthodox tea, struggles with its worst economic crisis, a window of opportunity has opened up in neighbouring India. Calls to Indian planters and exporters from foreign buyers of Sri Lankan orthodox tea are pouring in and the buoyant sentiment is reflecting in […]