Tesla shares started 2023 where they left off last year, plunging more than 14% on Tuesday on growing worries about weakening demand and logistical problems that have hampered deliveries for the world’s most valuable automaker. Once worth more than $1tn, Tesla lost more than 65% in market value in a …
Read More »The US economy bounced back last quarter after shrinking in the first half of the year | CNN Business
Minneapolis CNN Business — The US economy grew last quarter, bouncing back after shrinking in the first half of the year — but there are indications that consumer spending, which powers the US economy, is starting to soften. Gross domestic product — the broadest measure of economic activity — rose …
Read More »Manchin Pulls Plug on Climate and Tax Talks, Shrinking Domestic Plan
WASHINGTON — Senator Joe Manchin III, Democrat of West Virginia, pulled the plug on Thursday on negotiations to salvage key pieces of President Biden’s agenda, informing his party’s leaders that he would not support funding for climate or energy programs or raising taxes on wealthy Americans and corporations. The decision …
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