EVs are out of reach for most US consumers
In a recent conversation with a car dealer in the Dallas area, I was asked who will afford all the electric vehicles that are coming to market in the next several years. Despite all the hype for EVs, the dealer told me, many of his customers live paycheck to paycheck and bargain for every dollar of their monthly car payment. A $60,000 Tesla isn’t happening.
Fewer Americans file for jobless claims last week
WASHINGTON — Fewer Americans applied for unemployment benefits last week as layoffs continue to fall amid a strong job market rebound.
US gender pay gap hasn’t budged for two straight years
The average amount of money American women make compared with men has stalled since the start of the COVID-19 pandemic, a new study shows.
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Facebook’s parent company will make employees do their own laundry
Uber charging customers new fuel fee for rides, delivery
Citing record-high prices for gasoline, Uber is charging customers a new fuel fee to help offset costs for ride-hail and delivery drivers.
Peru’s ‘worst ecological disaster’ slams small-scale fishing
CIUDAD PACHACUTEC, Perú — Walter de la Cruz scrambled down a large sand dune in the fog to reach a rock overlooking the Pacific Ocean, where he has fished for three decades. He cast a hook into the waters off Peru’s coast several times, with no luck. One attempt yielded a piece of plastic stained with oil.
Anyone helping rich Russians hide assets will be prosecuted, US warns
The Justice Department will investigate and prosecute people, banks, cryptocurrency exchanges and others that help rich Russians hide or launder their luxury assets and money, a senior department official said.
Tesla’s steer-by-phone vision swatted down by US regulator
The U.S.’s auto-safety regulator is ready to loosen up on standards that could be rendered antiquated by autonomous vehicles, though it’s not prepared to be as radical as Tesla Inc. would like.
Russia’s invasion of Ukraine leaves global trade in tatters
MIAMI — Sanctions on Russia are starting to wreak havoc on global trade, with potentially devastating consequences for energy and grain importers while also generating ripple effects across a world still struggling with pandemic-induced supply chain disruptions.
Biden finalizes increase in Buy American requirement to 75% by 2029
WASHINGTON — It will soon take more U.S.-made parts to label something “Made in America,” under final rules to be released by the Biden administration Friday.
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Biden finalizes increase in Buy American requirement
Will this T-shirt one day power your cellphone? UCSD researchers think so
Call it the electric T-shirt. Or, as the researchers at the University of California San Diego have dubbed it, the “wearable microgrid.”
Strong job growth points to COVID’s fading grip on economy
WASHINGTON — In a buoyant sign for the U.S. economy, businesses stepped up their hiring last month as omicron faded and more Americans ventured out to spend at restaurants, shops and hotels despite surging inflation.
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Five Big Island ag ventures get help from USDA
Five Big Island agricultural businesses will receive federal funding to help create new products and better advertise their goods and services to multiple markets.
Guns to garden tools: Colorado group seeks change, healing
DENVER — Nearly three decades after her 3-year-old son was killed in a drive-by shooting that shattered the silence outside a Denver duplex, Sharletta Evans was the one piercing the stillness as she eased some of her pain by hammering the melted barrel of a rifle into a garden tool.
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Half of Cars arriving at dealers are already sold
January home sales rise ahead of expected rate hikes
LOS ANGELES — Sales of previously occupied homes rose in January as a surge in buyers with cash and others eager to avoid higher mortgage rates snapped up properties, leaving the number of available houses on the market at a record low.
Retail sales jumped in January
Prices were rising fast, products were in short supply, and the omicron variant put a chill on the country at the start of the year. Through it all, American consumers kept spending.
DOJ to investigate companies exploiting supply chain snafus
The Justice Department announced on Thursday it was launching an initiative to identify companies that are exploiting supply chain disruptions in the U.S. for increased profits in possible violation of antitrust laws.