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IEA says EV sales will hit all-time high in 2022
Electric vehicle global sales are on course to hit an all-time high this year, according to the International Energy Agency....
Oil plunges to eight-month low on strong dollar, recession fears
Oil prices plunged about 5% to an eight-month low on Friday as the U.S. dollar hit its strongest level in...
FedEx raises rates 6.9% for 2023, outlines cost cuts
FedEx Corp. announced late Thursday a 6.9% general rate increase for 2023. According to the company, increases there will range...
Central banks increasing rates send shockwaves to markets
Central banks around the world moved to increase interest rates or support their currencies on Thursday, following the U.S. Federal...
Activist investor Ancora looks to oust Kohl’s CEO, chairman
Hedge fund Ancora Holdings is pushing for the removal of Kohl's chief executive and board chairman, according to a letter...
Charter Communications CEO Tom Rutledge to step down
Charter Communications CEO Tom Rutledge will step down on Dec. 1, the company announced. After a decade at the helm...
Fed hikes rates again, warns on pain ahead
The Federal Reserve on Wednesday raised benchmark interest rates by three-quarters of a percentage point and said it will keep...
Warner Music names YouTube business head Robert Kyncl as CEO
Robert Kyncl has been appointed Warner Music Group CEO effective January next year, the company announced. A veteran of digital...
Vladimir Putin war escalation threat impacts markets, oil
Oil prices rose and financial markets reacted negatively on Wednesday after Russian President Vladimir Putin ordered draft reservists to Ukraine...
Hertz to order up to 175K GM electric vehicles over 5 years
Hertz plans to order up to 175,000 electric vehicles from General Motors over the next five years, the car rental...
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