Ford Motor has written off $20 billion in electric vehicle investments but says it is forging ahead with an electric pickup that will sell for $30,000 next year.
Category: US and Israeli Attack on Iran (2026)
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Ford Says an Affordable Electric Pickup Truck is Still Coming Next Year
The New York Times – Business: -
Oil Prices Slide but Remain Elevated as Middle East Tensions Escalate
The New York Times – Business:Oil prices fell, giving back some of the gains from the previous day as attacks in the Middle East raised concerns about the war starting again.
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As Oil Prices Stay High, China Doubles Down on Wind Power
The New York Times – Business:An industrial policy of subsidies and import restrictions laid the foundations for China to become almost as dominant in wind turbines as in solar panels.
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Confusion in Strait of Hormuz Leaves Shipping Firms Guessing
The New York Times – Business:The United States vowed to help tankers navigate the perilous conditions that have kept them stranded in the Persian Gulf, but it remained unclear if companies would try to get out.
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Oil Prices Fall While Stock Futures Inch Up
The New York Times – Business:Oil prices fell and futures on the S&P 500 rose slightly on Sunday as investors reacted to continued uncertainty about the war in Iran.
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OPEC Plus, in Symbolic Gesture, to Increase Oil Production
The New York Times – Business:The announcement came days after the United Arab Emirates withdrew from the group. The higher output will have little effect on global supplies.
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These Countries Embrace E.V.s to Avoid Oil Price Shocks
The New York Times – Business:People in Costa Rica and other Latin American, Asian and African countries are increasingly buying electric vehicles to avoid spiking fuel prices.
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Spirit Airlines Prepares to Shut Down
The New York Times – Business:The low-fare airline, which has struggled for years, had been trying to secure a $500 million lifeline from the Trump administration.
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Oil Cools Slightly After a 4-Year High
The New York Times – Business:The price of Brent crude, the international benchmark, dipped more than 2 percent a day after it rose above $120 a barrel in volatile trading.
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Stocks and Oil Prices Sent Conflicting Signals in April Amid Havoc of Iran War
The New York Times – Business:Energy markets remained disrupted by turmoil in the Middle East, while the S&P 500 posted its best month since November 2020.
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Utility Bills Are Likely to Be Higher This Summer. Here’s What You Can Do.
The New York Times – Business:The average bill is forecast to rise 8.5 percent. There are simple ways to make sure you’re not overpaying, like getting your air-conditioning checked.