If there is one place to hide in the current market turmoil, it has been in the energy sector, as oil prices CL.1, +1.86% has risen to eight-year heights. RBC Capital Markets, for example, just threw the towel in the ring on its underperform call … Read More

BERLIN – An increase in luxury car sales and the shift from scarce semiconductors to the most profitable vehicles helped many carmakers make robust profits last year, even as sales of ordinary vehicles lagged behind and supply chain disruptions paralyzed car production. Faced with the … Read More

Bond yields will rise again so far in 2022. The US stock market appears to be vulnerable to a bona fide correction. But what can you really say from just two weeks into a new year? Not much and quite a lot. One thing feels … Read More

HONG KONG – With Covid-19 flaring up across China, major manufacturers are closing factories, ports are clogged and there is a shortage of workers as officials impose cities and mass tests on a scale not seen in nearly two years. The prospect of continued disruption … Read More

The market for the sale of used cars online has exploded during the pandemic. Now, General Motors Co. GM 0.64% wants to help its dealers secure a larger piece. The Detroit automaker is launching a new website called CarBravo that will help U.S.-based GM dealers … Read More

DETROIT (AP) – For the second year in a row, vehicles from Ford Motor Company received two of the three North American awards for car, truck and supply of the year. The company’s Maverick compact pickup won the truck of the year, while its Bronco … Read More

Text size Justin Sullivan / Getty Images GameStop Shares rose as the company’s cryptocurrency and non-fungible token plans began to take shape. The video game retailer creates a division for cryptocurrency partnerships, while building a NFT marketplace, according to a person with knowledge of the … Read More

Text size Justin Sullivan / Getty Images GameStop Shares rose as the company’s cryptocurrency and non-fungible token plans began to take shape. The video game retailer creates a division for cryptocurrency partnerships, while building a NFT marketplace, according to a person with knowledge of the … Read More

The Japanese automaker, which has been working for decades to expand its presence in the U.S., sold more than GM with about 114,000 cars in 2021. Toyota’s total U.S. sales of 2.3 million increased by about 10% compared to 2020, the company said Tuesday. In … Read More

Tesla Inc. TSLA 13.53% has opened a new showroom in Xinjiang, the remote region where Chinese authorities are conducting a campaign for forced assimilation against religious minorities that has become a public relations swamp for Western brands. The Austin, Texas-based electric car maker started its … Read More