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With inflation running rampant and a probable dud of a GDP report inbound, speculation about a 1% interest rate hike grew daily. Turns out, it wasn’t going to happen.

VW's ID.4 has a $36,000 base price and a plant in Tennessee cranking out 7000 a month.

As we start a week that promises to be filled with impactful reports and metrics, Dave Spano and Dan O'Donnell discuss the probability that we're in a recession now, and what lies ahead as the Fed seems to be intent on continuing to increase rates

In order to invest more in EV projects, up to 8,000 salaried employees in the Ford's gas-engine division could be laid off.

48% of quits are people switching industries. New business applications are up by more than 30%. Over 5.4 million last year alone.

Buyers are getting cold feet with rising mortgage rates and inflation is affecting consumer confidence and purchasing power.

If a 100 basis point increase lands, it’ll be the largest increase in modern Fed history.

We figured the Consumer Price Index wasn’t heading back down—the estimate was for 8.8%. Instead, a 9.1% number landed.

Rising interest rates are colliding with recession concerns. Cancellations for purchase agreements climbed to 60,000 in June.

US employers announced over 32,000 layoffs last month—an 58% increase from last June.