DETROIT (AP) — Tesla is recalling nearly all vehicles sold in the U.S., more than 2 million, to update software and repair a broken system designed to ensure drivers pay attention when using Autopilot. Documents released Wednesday by U.S. safety regulators say the update will increase warnings and warnings for drivers and even limit the … [Read more…]
Why it matters: The state of the labor market influences interest rate policy. The labor market is being closely watched by the Federal Reserve as it considers its interest rate policy. A cooling labor market tends to fuel forecasts that the Fed will not raise interest rates further, which have risen to a range of … [Read more…]
The Biden administration on Friday proposed new rules aimed at moving more production of electric vehicle batteries and the materials that power them to the United States, building a strategic industry now dominated by China. The rules are intended to limit the role of Chinese companies in supplying materials for electric vehicles that qualify for … [Read more…]