Business

Toyota joins Tesla and GM in losing federal electric vehicle tax credits

A Toyota bZ4X on display at the New York Auto Show, April 13, 2022. Scott Mlyn | CNBC Toyota Motor said it sold its 200,000th plug-in electric vehicle during the second quarter, triggering a phase out of US tax credits up to $7,500 for people who buy the cars. The Japanese automaker joins Tesla and …

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It’s ‘reasonable to be worried’

Worried about what your financial situation will look like in a year — or even in a few months — from now? With all the concerns about economic growth, it’s reasonable to be worried about a potential recession. But the key is to start preparing now so that you’re in the best position with your …

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Crypto Broker Voyager Digital Declares Chapter 11 Bankruptcy

photo: Justin Sullivan (Getty Images) like it namesake, Voyager Digital wanted to go where few crypto trading companies have gone before, to truly make crypto “mainstream” with items like debit and credit cards that earn users crypto rewards. Instead of going “to the moon” and beyond, Voyager is taking a parabolic trajectory back down to …

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Rivian says it’s still on track to build 25,000 EVs in 2022

Production of electric Rivian R1T pickup trucks on April 11, 2022 at the company’s plant in Normal, Ill. Michael Wayland/CNBC Electric-vehicle startup Rivian Automotive said it produced more than 4,000 vehicles in the second quarter and that it remains on track to build 25,000 vehicles in 2022. Shares of Rivian were up about 10% in …

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JOLTS: Hiring and quits remained brisk in May, reflecting continued labor market strength

Placeholder while article actions load US employers remained eager to hire in May, adding fuel to a red-hot labor market that continues to serve as a bulwark against growing recession fears. Employers posted 11.3 million job openings in that month, down from a peak of 11.8 million in March and 11.4 million in April but …

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FOREX-Euro hits fresh two-decade low vs dollar on concerns over energy prices

* Euro hits lowest since 2002 versus dollar * Swiss Franc rises to a fresh 7-year high vs euro * Yen strengthens after Japan’s inflation expectations rise * Graphic: World FX rates https://tmsnrt.rs/2RBWI5E (Recasts, adds background, comments) By Stefano Rebaudo July 6 (Reuters) – The euro edged to a fresh two-decade low against the dollar …

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A UK company testing out a 4-day work week to attract employees says it’s seen a boost in productivity, profits, and morale

Girling Jones staff take off rotating days of the week, but on Mondays and Fridays, they’re all in the office. Girling Jones A UK pilot program is testing out a four-day work week for 3,300 employees at 70 companies. One of the companies involved started early — it’s been testing out a four-day week since …

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