Wall Street ends mixed as investors weigh inflation risks
U S stocks finish mixed with the S P 500 slipping and the Nasdaq modestly higher. The Dow declines as small caps surge while investors await May consumer price data and the impact on Federal Reserve policy.
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Carnival
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Vulcan Materials
Autodesk
Altium
Labor Department
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EV charging speeds threaten broader EV adoption
Automakers push for faster charging to ease range anxiety as public stations largely offer eight hour fills. DC fast chargers are quicker but costly, with plans for a 2030 network and federal incentives. Tesla, Electrify America, and Hyundai showcase kilowatt milestones, while most drivers still charge at home.
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Detroit
Brett Smith
Center For Automotive Research
Biden Administration
Congress
United States
Department of Energy
Alex Trips
Volvo
Nissan
Leaf
Ford
Hyundai
Porsche
U.S
America
Tesla
Dan Nelson
Ann Arbor
Michigan
J.D. Power and Associates
Energy Department
Jessika Trancik
Massachusetts Institute of Technology
U.S. consumer borrowing climbs again in April led by auto and student loans
The Fed reports April consumer borrowing rose $18.6 billion, matching March's gain, with auto and student loans up $20.6 billion while credit card debt fell $2 billion. Analysts say growth should accelerate in late 2021 as spending rebounds and health conditions improve. Total borrowing reached $4.24 trillion, above the February 2020 pre pandemic peak.
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CFRA
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Nancy Vanden Houten
Oxford Economics
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Doe
SEC
The
Associated Press
Apple previews updates at virtual developers conference
Apple kicked off its second annual all virtual developer conference with a keynote outlining new software updates for iPhone and other devices. The show emphasized privacy options for paid iCloud accounts and a Find My feature for AirPods, but offered no major product reveals amid legal and regulatory pressures on its App Store. Tim Cook and Craig Federighi led the presentations detailing software changes within Apple’s vast ecosystem.
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Apple
Cupertino
California
Tim Cook
Craig Federighi
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