Only one new car in the U.S. now sells for under $20,000

Only one new car in the U.S. now sells for under $20,000

Just five years ago, a price-conscious auto shopper in the United States could choose from among a dozen new small cars selling for under $20,000. Now, there’s just one: The Mitsubishi Mirage. And even the Mirage appears headed for the scrap yard. At a time when Americans increasingly want pricey SUVs and trucks rather than … Read more

How gas station economics will change in the EV charging future

How gas station economics will change in the EV charging future

Cavan Images | Getty Images As electric vehicles proliferate, some gas stations are making expensive overhauls to add EV charging stations.  In most cases, they aren’t scrapping traditional liquid fuel pumps. But select locations, including an RS Automotive in Takoma Park, Md., and a Shell station in Fulham, England, have made a full switch. Location, … Read more

Stock market today: Wall Street rises to regain some momentum after last week’s lull

Stock market today: Wall Street rises to regain some momentum after last week’s lull

NEW YORK (AP) — Stocks are mostly rising Monday as Wall Street regains some momentum following a pause in its big rally for the year so far. The S&P 500 was 0.4% higher in midday trading, coming off its first losing week in the last four. The Dow Jones Industrial Average was up 307 points, … Read more

Stock Market Today: Dow, S&P Live Updates for August 1

Stock Market Today: Dow, S&P Live Updates for August 1

The stock rally that catapulted the S&P 500 to a 16-month high lost momentum after a flurry of companies reported disappointing earnings. JetBlue Airways Corp. sank after slashing its full-year profit forecast and saying it would earn less than analysts expected this quarter. Pfizer Inc. slipped after the drugmaker reduced its sales outlook. Cruise operators … Read more

How the Mideast is preparing for post-oil, EV era of transportation

How the Mideast is preparing for post-oil, EV era of transportation

Saudi Arabia has been working on its own brand of electric vehicles, Ceer, and plans to install 50,000 domestic EV charging stations by 2025. The U.S. and China are also bringing brands to the Mideast. GM is preparing to launch the Cadillac Lyriq, GMC Hummer EV and Chevrolet Bolt EUV in the Middle East this … Read more