General Motors, Stellantis, Toyota and Honda Q3 deliveries hit hard by chip shortage

General Motors, Stellantis, Toyota and Honda Q3 deliveries hit hard by chip shortage



U.S. auto sales dropped dramatically in the third quarter as inventories continued to dwindle amid the ongoing chip shortage. Hyundai and Kia saw the largest gains among major brands.

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Bank of America online banking system experiences outage

Bank of America online banking system experiences outage



Bank of America's online banking site is experiencing outages.

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Energy prices drive Europe inflation to highest since 2008

Energy prices drive Europe inflation to highest since 2008



The overall inflation level was boosted by a jolting 17.4% increase in energy prices. Core inflation, which excludes volatile fuel and food, was more modest at 1.9%.

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Ozy Media chairman quits after bombshell NYT report

Billionaire Marc Lasry steps down amid reports the US firm's co-founder deceived potential investors.

from BBC News - Business https://ift.tt/3oraknp

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GOP senators call out 'harmful' tax penalties for married couples in spending bill

GOP senators call out 'harmful' tax penalties for married couples in spending bill



Sen. Mitt Romney, R-Utah, led a letter with 32 of his Senate Republican colleagues blasting a provision the House Democrat’s multitrillion-dollar budget reconciliation bill that would impose harsh marriage tax penalties.

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Infrastructure deal in peril after Pelosi gets played by progressives refusing to budge on mega-spending bill

Infrastructure deal in peril after Pelosi gets played by progressives refusing to budge on mega-spending bill



House Speaker Nancy Pelosi talked a big game that President Biden’s $1 trillion bipartisan infrastructure bill would pass this week. Progressive members of the House, however, flexed their power Thursday evening, spurring Pelosi to call off the effort to pass the bill after negotiations on their reconciliation bill stalled.

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Former CBO director calls Democrats’ $3.5T reconciliation bill a ‘mess,’ argues it may not pass

Former CBO director calls Democrats’ $3.5T reconciliation bill a ‘mess,’ argues it may not pass



Former CBO Director and American Action Forum President Douglas Holtz-Eakin provided insight into the Democrats’ $3.5 reconciliation bill during an appearance on FOX Business’ “Mornings with Maria” Friday.

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