GM to plan move from RenCen to Dan Gilbert’s new Hudson’s tower
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A U.S. manufacturing renaissance won’t create many good jobs—just look at Germany, S. Korea, China and decades of data, Harvard economist says
"Whether we like it or not, services such as retail, care work, and other personal services will remain the primary engine of job creation."
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The Fed’s preferred inflation gauge just moved in the wrong direction
Inflation remained stubbornly high last month, but it hasn’t stopped Americans from spending. The Personal Consumption Expenditures price index — a closely watched inflation gauge favored by the Federal Reserve — accelerated to 2.7% for the year ended in March, according to data released Friday by the Commerce Department. That rate was above economists’ expectations for a 2.6% gain and landed above February’s reading of 2.5%. On a monthly basis, prices rose 0.3%, unchanged from the pace seen in...
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Tesla Cybertruck production and deliveries were just halted. Here’s the likely reason.
Cybertruck deliveries have been halted due to an accelerator problem.