The rental car company blamed the sharp drop in the value of electric vehicles and higher repair costs for its decision to sell 20,000 cars.
Category: United States
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The Next Front in the U.S.-China Battle Over Chips
A U.S.-born chip technology called RISC-V has become critical to China’s ambitions. Washington is debating whether and how to limit the technology.
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World Bank Warns of Energy Price Surge if Mideast War Spreads
A new economic report predicted a year of weak growth and said the world faced a decade of “wasted opportunity.”
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JetBlue Chief Executive to Step Down
Robin Hayes described the decision to retire as “bittersweet,” and suggested that unspecified health concerns had driven it.
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New President of the National Association of Realtors Abruptly Resigns
Tracy Kasper, who took over as president of the National Association of Realtors after the sudden resignation of her predecessor, has quit after what the group described as a threat.
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Red Sea Attacks Leave Shipping Companies With Difficult Choices
Attacks on two dozen ships since November are forcing shipping lines to figure out whether and when to skip the Suez Canal and send vessels on longer voyages around Africa.
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Tesla Recalls 1.6 Million Cars in China to Fix Self-Driving Systems
The recall follows a similar move by the company in the United States to upgrade the cars’ Autopilot feature.
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Paxlovid Cuts Covid Death Risk. But Those Who Need It Are Not Taking It.
With Covid deaths rising to about 1,500 per week, researchers question why Paxlovid use has remained low among high-risk patients.
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General Motors Reports a 14% Jump in U.S. Auto Sales in 2023
The nation’s largest automaker sold more cars in 2023 than a year ago as supply chain chaos ended, but sales are now under pressure from rising interest rates.
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I Spent New Year’s Eve Trying to Do the FAFSA. It Didn’t Go Well.
The new, simplified version of the college student aid form was supposed to become available in December. It was, kind of, for some people.
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Wanted: ‘New Collar’ Workers
The jobs require advanced skills but not necessarily advanced degrees, especially in emerging high-tech fields like A.I., electric vehicles and robotics.