While the gyrations of so-called meme stocks have taken the spotlight, less trendy General Electric has been outperforming the market on bets a corporate turnaround and broader economic recovery will…
Category: Business
EV rollout will require huge investments in strained U.S. power grids
During several days of brutal cold in Texas, the city of Austin saw its fleet of 12 new electric buses rendered inoperative by a statewide power outage. That problem will…
Nasdaq slump badly bruises Wall St’s most loved stocks
Thursday’s Nasdaq slump briefly saw it down more than 10% from last month’s record high, on the cusp of what investors consider a correction and marking the second drop of…
Ford rejects U.S. ITC criticism over SK Innovation battery deals
Ford Motor Co on Friday dismissed criticism from the U.S. International Trade Commission over its decision to pursue battery contracts with SK Innovation. The ITC said the second-largest U.S. automaker…
Competitive Texas power market hindered winter storm prep – Shell
Arguments that Texas should have “winterized” its electricity generators in anticipation of rare, inclement weather ignore the competitive nature of the Lone Star State’s power system, a Royal Dutch Shell…
United 777 plane that dropped engine parts was not due for fan blade inspection – NTSB
A United Airlines Boeing 777 plane with a Pratt & Whitney engine that failed on Feb. 20 had flown fewer than half the flights allowed by U.S. regulators between fan…
U.S. labor market roars back; full recovery still years away
The U.S. economy created more jobs than expected in February as falling new COVID-19 infections and additional pandemic relief money from the government boosted hiring at restaurants and other services…