Fed’s Evans says he’s getting a little nervous about going too far, too fast with rate hikes

Chicago Federal Reserve President Charles Evans says he’s feeling apprehensive about the U.S. central bank raising interest rates too quickly in its quest to tackle runaway inflation. Speaking to CNBC’s “Squawk Box Europe” on Tuesday, Evans said he remains “cautiously optimistic” that the U.S. economy can avoid a recession — provided there are no further […]

GM delays return-to-office mandate after employee backlash

DETROIT – General Motors is conducting damage control around its return-to-office plans after a Friday afternoon message to employees spurred backlash and confusion. The company’s senior leadership team on Friday said corporate workers would be required to return to physical locations at least three days a week, beginning later this year, in what the company […]

All 50 states get green light to build EV charging stations covering 75,000 miles of highways

The U.S. Transportation Department on Tuesday said it approved electric vehicle charging station plans for all 50 states, Washington, D.C., and Puerto Rico covering roughly 75,000 miles of highways. Earlier this year, the Biden administration allocated $5 billion to states to fund EV chargers over five years along interstate highways as part of the bipartisan […]

Pound plunge the latest ill omen as stocks slide

Sterling slumped to a record low on Monday, prompting speculation of an emergency response from the Bank of England, as confidence evaporated in Britain’s plan to borrow its way out of trouble, with spooked investors piling into U.S. dollars. The carnage was not confined to currencies, as concerns that high interest rates could hurt growth […]