Author: Breanne Deppisch

Automakers are bracing for months of uncertainty as they look to retool their electric vehicle investments in response to lower consumer demand, adjust for new battery sourcing requirements that exclude many of their models from federal subsidies, and prepare for a presidential election that could upend the industry. Here are some of the biggest challenges…

Volkswagen’s solid-state electric vehicle battery prototype has shown promising results in early rounds of testing, company representatives said Wednesday, in a step toward building cheaper and more efficient EVs. The news portends a broader shift in vehicle battery technologies as automakers look to roll out models that are more reliable and affordable than current offerings.…

Chinese automaker BYD surpassed Tesla as the world’s largest producer of pure battery electric vehicles in the final quarter of 2023, according to manufacturing numbers published this week. Tesla said Tuesday that it produced more than 484,500 electric vehicles between October and December, an increase of more than 19% compared to the same period in…

Attacks on vessels in the Red Sea pushed oil prices higher Tuesday morning, reflecting fears of a broader supply disruption to ships attempting to pass through the Suez Canal, a key international waypoint for oil and liquefied natural gas shipments traveling from the Persian Gulf to Europe and North America. Iranian-backed Houthi rebels have stepped…

The rock band Green Day used a televised New Year’s Eve performance Sunday night to change the lyrics to one of their most popular songs — and throw shade on former President Donald Trump in the process. Appearing on Dick Clark’s New Year’s Rockin’ Eve, Green Day’s lead singer, Billie Joe Armstrong, belted out a…

The Internal Revenue Service’s new federal income tax brackets and standard deductions took effect Monday, providing a boost to many people via slightly higher, inflation-adjusted paychecks. The IRS adjustments increased federal tax brackets by 5.4% for each type of filer for 2024-2025 in a bid to account for the impact of inflation. NEWSOM EXTENDS FREE…

Senate Democrats are fuming over the Biden administration‘s decision to bypass Congress a second time to send weapons to Israel, citing mounting concerns about the humanitarian crisis in Gaza. The Defense Department said Friday that Secretary of State Antony Blinken had notified Congress about its second emergency determination to cover over $147.5 million in equipment…

New minimum wage increases took effect on Monday in 22 states, boosting wages for an estimated 10 million workers, according to the Economic Policy Institute. The pay increases have also been adopted by 43 cities and localities and are slated to increase employee wages by a combined $7 billion per year, according to estimates from…

The Powerball jackpot ticked to roughly $810 million on Monday after no winner was announced in the Saturday night drawing, pushing the award amount higher ahead of the Jan. 1 jackpot. The estimated cash value for the drawing is roughly $408.9 million, a significant uptick from the cash value of Saturday night’s prize, which stood…

California became the first state on Monday to offer comprehensive health insurance to all undocumented immigrants, a plan expected to expand to roughly 700,000 residents living in the Golden State. Gov. Gavin Newsom (D-CA) and state lawmakers agreed in 2022 to expand the state’s Medicaid program, known as Medi-Cal, to include people of all immigration…