Jan 29, 2026 | Rare Earth, US Economy
The Trump administration is poised to inject $1.6B into USA Rare Earth (USAR) in exchange for a 10% stake in the company, the U.S. government’s biggest investment in the rare earths sector so far, the Financial Times reported Saturday. The federal government...
Jan 15, 2026 | Auto Industry, Detroit, Tariffs, US Economy
President Donald Trump arrived in Detroit on Tuesday to celebrate what he called a historic manufacturing revival, boasting that “investment is booming” and turbocharging growth. But the auto industry’s supposed recovery has yet to show up where it matters most for...
Nov 19, 2025 | Asia, Electric Vehicles, US Economy
South Korea’s government said on Friday it would boost subsidies for electric vehicles (EVs) by 20% next year as part of a package to help the country’s auto industry weather risks caused by U.S. tariffs. The government said in a statement passenger EV...
Oct 16, 2025 | Electric Vehicles, US Economy
U.S. automakers are trimming their outlook for electric vehicles amid lingering consumer doubts, a pullback in federal support and a challenging economic landscape that is affecting all auto sales. On Tuesday, General Motors reported it was taking losses totaling $1.6...
Oct 9, 2025 | Jobs, US Economy, Wind
Beleaguered wind farm operator Orsted announced Thursday that it intends to reduce its workforce by a quarter toward the end of 2027, in a bid to become more competitive and refocus its efforts on Europe. Shares were 0.7% higher in European trade on Thursday. The...
Oct 9, 2025 | Electric Vehicles, US Economy
GM has scrapped a plan that would have temporarily extended access to the $7,500 federal EV tax credit for leased vehicles, reversing course roughly a week after the subsidy officially expired late last month. The program was originally expected to...
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