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Ford Unveils Its First All-Electric SUV: ‘Mustang Mach E'
Ford is unveiling its first all-electric SUV, marking the start of an avalanche of battery-powered vehicles coming from mainstream and luxury automakers during the next two years that industry analysts say will boost electric vehicle sales. The “Mustang Mach E,” which will go 230 miles to more than 300 miles per charge depending on how it’s equipped, was unveiled Sunday...
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Ford Hopes to Score Big with Mustang Electric SUV
Ford Motor Co. is hoping to score big with an electric SUV for daily drivers that sort of looks like a Mustang performance car.
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Global Stocks Mixed After US and China Increase Tariffs
European stock markets drifted higher Monday while Asia was mixed after the U.S. and China escalated their war over trade and technology with new tariff increases. U.S. markets were closed for the Labor Day holiday, draining some of the energy from global trading. Benchmarks in London, Paris and Shanghai advanced. Tokyo and Hong Kong declined. Markets reacted less strongly to...
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US Automakers to Trump: Don't Slap Tariffs on Imported Cars
America’s auto industry is bracing for a potential escalation in President Donald Trump’s tariff war with the world, one that could weaken the global auto industry and economy, inflate car prices and trigger a backlash in Congress. Late Sunday, the Commerce Department sent the White House a report on the results of an investigation Trump had ordered of whether imported...
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Like It or Not, Home Items Are Getting Smarter — and Creepier
One day, finding an oven that just cooks food may be as tough as buying a TV that merely lets you click between channels. Internet-connected “smarts” are creeping into cars, refrigerators, thermostats, toys and just about everything else in your home. CES 2019, the gadget show opening Tuesday in Las Vegas, will showcase many of these products, including an oven...
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Dow Dives About 500 Points to Its Lowest Close Since May
Stocks fell sharply on Friday after weaker-than-expected data in China and Europe exacerbated concerns of a global economic slowdown. The Dow Jones Industrial Average fell 496.87 points to 24,100.51, its lowest level since early May, led lower by declines in Apple and Johnson & Johnson. For the year, the Dow is now down 2.5 percent. The S&P 500 dropped 1.9...
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Fact Check: Tesla Safety Claims Aren't Quite Right
For years, Tesla has boasted that its cars and SUVs are safer than other vehicles on the roads, and CEO Elon Musk doubled down on the claims in a series of tweets this week. The electric vehicles are under intense scrutiny from federal investigators, who have been looking into post-crash battery fires and the performance of Tesla’s Autopilot semi-autonomous driving...
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Get Ready for the Most Expensive Driving Season in Years
Get ready for a little bit more pain at the pump this summer.
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Davos Diplomacy Scene Not Exactly a Natural Fit for Trump
One question looms as President Donald Trump packs his bags for Switzerland: How will the Diet Coke-loving nationalist fit in with the Champagne-sipping globalists he’ll encounter at the World Economic Forum in Davos? American presidents tend to shun the Davos diplomacy scene, a glitzy annual gathering at a Swiss Alpine resort that for nearly 50 years has drawn politicians, CEOs...
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Trump to Push China on Trade, N. Korea During 2-Day Visit
Welcomed to China with an outsized dose of pomp and pageantry, President Donald Trump pronounced himself wowed by Beijing’s lavish greeting Wednesday at the start of a two-day visit in which he aims to employ flattery, scolding and cajolery to press the rising Asian power on trade and North Korea. Trump, saddled with consistently low approval ratings at home, is...
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Fact Check: Trump's UN Speech
In his first speech to the U.N. General Assembly, President Donald Trump reprised misleading talking points on everything from job growth to defense spending. We’ve written about variations of some of these claims numerous times, but since these comments were made to a world audience, we are revisiting some of them. We also cover new claims the president made on...
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Oil Will Keep Flowing, But UN Sanctions Hit North Korea Hard: Analysis
North Korea will be feeling the pain of new United Nations sanctions targeting some of its biggest remaining foreign revenue streams. But the Security Council eased off the biggest target of all: the oil the North needs to stay alive, and to fuel its million-man military. Though the United States had proposed a complete ban, the sanctions by the U.N....
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Energy Dept. Taps Into Oil Reserves as Gas Prices Rise Nationwide
The U.S. Energy Department announced Tuesday it will release half a million barrels of crude oil from the nation’s Strategic Petroleum Reserve as Hurricane Harvey continued to wreak havoc on U.S. oil production and gas prices remained on the rise. The supply — the first emergency release since 2012 — won’t give drivers much relief at the pump ahead of...
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Harvey Knocks Out More Refineries, Shifting Global Oil Flows
Hurricane Harvey is sending pump prices higher for U.S. motorists and causing temporary shifts in the flow of oil and gasoline around the world after taking down a huge chunk of U.S. refining capacity. It will be days or even weeks before the energy sector in the southeast Texas Gulf Coast is back to normal operations as it deals with...
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Fracking-Related Water Issues Draw Attention in West Texas
A West Texas land baron and oilman is on the verge of pumping 5.4 million gallons of water a day from far under the desert mountains here and piping it 60 miles to the nation’s most bountiful oil field, the Permian Basin, where hydraulic fracturing has fueled a renaissance of U.S. oil and gas production.
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Climate Outlook Improves as Fewer Coal Plants Built: Environmental Advocates
Led by cutbacks in China and India, construction of new coal-fired power plants is falling worldwide, improving chances climate goals can be met despite earlier pessimism, three environmental groups said Wednesday. A joint report by the groups CoalSwarm, the Sierra Club and Greenpeace follows a warning this week by two international agencies that the world needs to shift quickly away...