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Stocks struggle for directions for Powell; UK rate bets rise

BLOOMBERG Stocks struggled for direction as a hot inflation reading in the UK proved a cautionary tale for global central banks fighting inflation and markets wagering they’re close to the end of their tightening cycles. Futures contracts on the S&P 500 fluctuated in a narrow range after the gauge notched its first back-to-back losses in nearly four weeks. Economic bellwether ...

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Tesla’s electric vehicles sweep top four spots on Cars.com ranking

BLOOMBERG  Tesla Inc’s electric vehicles (EV) took the top four spots on this year’s Cars.com Inc list of the most-American-made cars, the second time in as many years all of the EV-maker’s models ranked in the top ten. Tesla’s Model Y SUV, Model 3 sedan, Model X SUV and Model S sedan ranked in spots one through four, according to ...

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Renault sees its EV venture to be profitable by 2025

BLOOMBERG  Renault’s electric-vehicle (EV) venture is set to be profitable as soon as 2025 with the company readying the Ampere unit for an initial public offering (IPO). The French carmaker also expects to break even on free cash flow by then before raising results to a double-digit operating profit margin by the end of the decade, Renault said. Chief Executive ...

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