General Motors is investing more than $81 million to build the Cadillac Celestiq, the luxury electric hatchback, at the company’s Global Technical Center, the heart of the automaker’s engineering and […]
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Trending topics and news from the Business category
Back to news homeDaily Crunch: One week after expanding internationally, Dukaan says it has onboarded 1,000+ DTC brands
To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here. Today is Wednesday the 15th of June […]
Amid recalls, Ford says costs to build Mustang Mach-E are skyrocketing
Ford Motor is preparing for an economic downturn, despite steady consumer demand for new vehicles, according to the automaker’s chief financial officer. Even though Ford has seen record profits and […]
Fed hikes its benchmark interest rate by 0.75 percentage point, the biggest increase since 1994
The Federal Open Market Committee released its decision on interest rates Wednesday, with markets expecting a three-quarter point hike. Read More
Kevin O’Leary says he won’t be buying bonds for now
Investors are “going to get hurt” if they’re in long duration bonds right now, says venture capitalist Kevin O’Leary. Read More
Stock futures rise after Fed raises rates by most since 1994
U.S. stock index futures were higher in overnight trading on Wednesday. Read More
Chinese stocks are looking cheap. Fund manager explains why he’s betting on Alibaba
China stocks have plummeted since last year, and valuations are now looking compelling, but tech titan Alibaba is no “value trap,” says portfolio manager Sid Choraria. Read More
Here’s what the Federal Reserve’s 0.75 percentage point rate hike — the highest in 28 years — means for you
The Fed announced its highest rate hike in 28 years to fight inflation. Here’s how that impacts your credit card, mortgage, car loan, student debt and savings. Read More
Self-Driving and Driver-Assist Technology Linked to Hundreds of Car Crashes
Over the course of 10 months, nearly 400 car crashes in the United States involved advanced driver-assistance technologies, the federal government’s top auto-safety regulator disclosed Wednesday, in its first-ever release […]
Romania Sees an Opening to Become an Energy Power in Europe
CERNAVODA, Romania — A row of hulking concrete domes loom along the Danube-Black Sea Canal in Cernavoda, about two hours east of Bucharest. Two of the structures house nuclear reactors […]
