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Reaching The Finish Line Of The EV Race Is A Daunting Task, One That Some Won't Be Able To Accomplish

For all those who are not Tesla Inc (NASDAQ: TSLA) or one of the biggest Chinese EV makers, the EV venture is wildly risky ride that makes profitability seem like mission impossible sometimes. Although Kelley Blue Book reported that EV sales skyrocketed 65% last year while automotive sales contracted 8%, the EV adoption is everything but fast as it entails hefty costs. For manufacturers, Tesla made it even harder by starting a price war at the beginning of the year, one that not many are able to
United States Nikola Corporation Toyota Motor Corporation Tesla Inc Nio Inc Xpeng Inc
Source: yahoo.com

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It Could Be a Difficult July for McCarthy

House Speaker Kevin McCarthy faces a daunting task when lawmakers return from their Independence Day recess next week: passing a dozen appropriations bills for 2024 with a small and fractious House majority, while under threat of yet another government shutdown at the end of September if he fails to do so. Conservative House Republicans are pushing for McCarthy to take a harder line in the budget process. They want to see spending in 2024 rolled back to 2022 levels, as McCarthy originally sought
United States Clay Higgins Kevin Mccarthy Dan Bishop Aris Folley Mychael Schnell
Source: yahoo.com

U.S. navigating 'housing bubble,' Fed says. Will it pop or 'deflate?'

Federal Reserve Chairman Jerome Powell told the crowd at a Brookings Institute event this week the dramatic rise in home prices in 2020, 2021 and part of 2022 was a โ€œhousing bubble.โ€ Does that mean the housing market is crashing? Itโ€™s complicated, because a housing shortage persists. The key, Fed researches say, is to cool demand enough to bring down prices, but also achieve a โ€œsoft landing.โ€
United States Jerome Powell Enrique Mart Federal Reserve Bank Brookings Institution Federal Reserve

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