How Volvo landed a cheap Chinese EV on U.S. shores in a trade war
A made-in-China electric vehicle will hit U.S. dealers this summer offering power and efficiency similar to the Tesla Model Y, the world’s best-selling EV, but for about $8,000 less. The EX30 from Volvo Cars, the Swedish luxury brand owned by China’s
Southwest cuts growth plans, warning effect of Boeing airplane delays will last into 2025
Southwest Airlines on Thursday posted a wider loss for the first quarter than the same period last year and warned that Boeing’s airplane delays will hamper its growth into 2025. The airline expects to grow capacity 4% this year, down from a plan to
Red Lobster seeks a buyer as it looks to avoid bankruptcy filing
Beleaguered seafood chain Red Lobster is seeking a buyer as it looks to avoid filing for bankruptcy, CNBC has learned. The company has considered filing for bankruptcy to help it restructure its debt and get out of a number of costly and lengthy
Workers earning up to $58K a year could soon become eligible for overtime pay
Millions more Americans could become eligible for overtime pay. The Biden-Harris administration announced a final rule Tuesday that raises the minimum salary threshold to qualify for time-and-a-half pay after 40 hours of work in a week. Proponents say the new limit will mean lower-paid
UAW’s Tennessee win fuels backers’ hopes in the South, but some skeptics are unmoved
The United Auto Workers just notched a historic victory in Tennessee, the union’s first major win since signing new contracts in Detroit as it shifts focus to the South. Some industry workers there feel more optimistic than ever, but others
Congress approved a TikTok ban. Why it could still be years before it takes effect.
TikTok’s fate in the U.S. has never been more in doubt after Congress approved a bill that gives its parent company two options: sell it to an approved buyer or see it banned. President Joe Biden signed the legislation into law
New deep-water channel allows first ship to pass Key Bridge wreckage in Baltimore
BALTIMORE — The first cargo ship passed through a newly opened deep-water channel in Baltimore on Thursday after being stuck in the harbor since the Francis Scott Key Bridge collapsed four weeks ago, halting most maritime traffic through the city’s port. The Balsa
Senate pursues action against AI deepfakes in election campaigns
Politicians, like us all, often engage in hyperbole to make a point. But don’t doubt the alliterative precision of Sen. Richard Blumenthal (D-Conn.) when he warns about “a deluge of deception, disinformation and deepfakes … about to descend on the American
Inside the long-odds push to undo an abortion ban in ruby red Arkansas
BRYANT, Ark. — Tony Chism pulled up to the library in a red pickup truck with a “Don’t Tread on Me” plate on the front and a “Biden Sucks” sticker on the back. He settled into a lawn chair and
Competing agendas and cover songs: Inside Trump’s talks with foreign leaders
In March, Hungarian Prime Minister Viktor Orban went to Mar-a-Lago, arguing to Donald Trump that Russia would grind Ukraine down and eventually win their war — and that the United States should accept that reality. Then the two spent hours