Stock market today: Wall Street rises to close its latest record-setting week as banks jump

NEW YORK (AP) — U.S. stocks rose to records Friday as big banks rallied following a run of reassuring profit reports. The S&P 500 climbed 0.6% to top its all-time high set earlier in the week and close out its fifth straight winning week, while the Dow Jones Industrial Average...

How major US stock indexes fared Friday, 10/11/2024

U.S. stocks closed at more all-time highs as JPMorgan Chase, Wells Fargo and other big financial companies rallied following better-than-expected profit reports. The S&P 500 rose 0.6% Friday, topping its all-time high set earlier this week. The Dow Jones Industrial Average jumped...

Snubbed by Tesla, Mexican government pledges to create its own small, affordable electric car

MEXICO CITY (AP) — Snubbed by Tesla, Mexico’s new president pledged Friday to create a Mexican-made small, affordable electric car to compete with vehicles imported from China. President Claudia Sheinbaum said Teslas were too “onerous,” or expensive, for the Mexican market...

Stellantis CEO under fire from Italian lawmakers as the group grapples with financial troubles

ROME (AP) — Italian lawmakers on Friday questioned the head of Stellantis, the world's fourth largest automaker, over the group’s strategy, one day after it announced a management shakeup in an effort to revive sales. Stellantis, which makes Jeep and Chrysler vehicles, is...

Elon Musk unveils Tesla's 'Cybercab,' plans to bring autonomous driving tech to other models in 2025

LOS ANGELES (AP) — Tesla unveiled its long-awaited robotaxi at a Hollywood studio Thursday night, though fans of the electric vehicle maker will have to wait until at least 2026 before they are available. CEO Elon Musk pulled up to a stage at the Warner Bros. studio lot in one of...

Edmunds electric truck face-off: Ford F-150 Lightning vs. Tesla Cybertruck

The Ford F-150 Lightning and Tesla Cybertruck are two intriguing options for someone thinking about buying an electric pickup truck. They could also hardly be more different. The Lightning looks and drives much like a traditional gas-powered F-150. The Cybertruck, in contrast, looks like nothing...

China puts provisional tariffs on European brandy after EU OKs duties on Chinese EVs

BEIJING (AP) — Chinese drinkers may pay more for Remy Martin and other European brandies after the government announced on Tuesday provisional tariffs of 30.6% to 39% on those liquors, four days after a majority of European Union countries approved duties on electric vehicles made in China. ...

NHTSA investigating some Enel X Way JuiceBox residential electric vehicle chargers

The National Highway Traffic Safety Administration is investigating complaints about some JuiceBox residential electric vehicle chargers after reports of fires and other electrical malfunctions as the manufacturer exits the market. The NHTSA said that the Office of Defects...

China imposes provisional tariffs of 30.6% to 39% on European brandy after EU approves tariffs on Chinese electric cars

Hyundai has begun producing electric SUVs at its $7.6 billion plant in Georgia

SAVANNAH, Ga. (AP) — Hyundai has begun producing electric SUVs in Georgia less than two years after breaking ground on its sprawling, $7.6 billion manufacturing plant west of Savannah. Hyundai's factory in Georgia held an “employee-focused celebration” Thursday as its first EV...