Category: News

Online shoppers will be buying less this holiday season, but spending more.

WASHINGTON — Pressure mounting, President Joe Biden and Democrats in Congress strained Sept. 28 to trim back his $3.5 trillion government overhaul to win support from two key holdout senators ahead of make-or-break deadlines for votes.

Lucid Group Inc. has started production on its debut electric consumer car, with deliveries to begin at the end of October.

WASHINGTON — Treasury Secretary Janet Yellen sounded an urgent call Sept. 28 for Congress to raise the government’s borrowing limit, a day after Senate Republicans blocked consideration of a bill that would have done so.

General Motors Co.’s electric van unit plans to build a new midsized cargo hauler called the EV410, and has signed up Verizon Communications Inc. as the first buyer, the company said Sept. 28.

LONDON — Long lines are snaking down streets across the U.K. as drivers struggle to fill up their cars, causing widespread traffic misery and worries over whether emergency services can do their work.

A highway project vital to the flow of freight and commuters in Colorado will receive additional federal backing, the U.S. Department of Transportation announced recently.

Commerce Secretary Gina Raimondo made a fresh pitch for President Joe Biden’s plan to raise corporate taxes, saying lower rates have failed to have much impact and that the chief executive officers she speaks to privately are “much more reasonable” on …

French energy giant TotalEnergies SE expects global oil demand to peak before the end of this decade, as more nations crack down on fossil fuels and promote cleaner power in transport and industry to mitigate global warming.

European energy markets from natural gas to carbon permits jumped to records, signaling the supply shortage will get worse just as the winter season starts. Stockpiles of everything from gas to coal and Norwegian water for electricity production are dw…