Category Archives: Business

Ford takes $19.5 billion charge as it retreats from EVs

Ford Motor said on Monday it will take a $19.5 billion writedown and is killing several electric-vehicle models, in the most dramatic example yet of the auto industry’s retreat from battery-powered models in response to the Trump administration’s policies and weakening EV demand. The Dearborn, Michigan-based company said it will stop making the F-150 LightningContinueContinue reading “Ford takes $19.5 billion charge as it retreats from EVs”

Powell: ‘Housing market faces some really significant challenges’ that a 25-basis-point rate cut won’t resolve

Want more housing market stories from Lance Lambert’s ResiClub in your inbox? Subscribe to the ResiClub newsletter. After announcing another 25-basis-point cut to the Federal Reserve’s short-term rate, Fed Chair Jerome Powell—whose term ends on May 15, 2026—was asked about the U.S. housing market. Powell acknowledged that recent rate cuts won’t restore affordability to the U.S. housing market. He suggestedContinueContinue reading “Powell: ‘Housing market faces some really significant challenges’ that a 25-basis-point rate cut won’t resolve”

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