YOKOHAMA, Japan — Osamu Furukawa has driven lots of Japanese cars for his business converting classic gasoline-powered models to electric. But his favorite ride is an import: A battery-powered SUV from China’s BYD Auto. BYD Auto is part of a wave of Chinese electric car exporters that are ...

NEW YORK — Regulators seized troubled First Republic Bank early Monday, making it the second-largest bank failure in U.S. history, and promptly sold all of its deposits and most of its assets to JPMorgan Chase in a bid to end the turmoil that has raised questions about the health of the U.S. ...

WASHINGTON — In January, the U.S. government ran up against its legal borrowing limit of $31.381 trillion, and the Treasury Department began implementing “extraordinary measures” to avoid missing payments on its bills. That started speculation about the “x-date” — the date when ...

DETROIT — Tesla’s first-quarter net income tumbled 24 percent from a year ago as multiple price cuts across its model lineup reduced the amount of money generated per vehicle even as sales rose. The Austin, Texas, electric car and solar panel company said Wednesday it made $2.51 billion ...

WASHINGTON — House Speaker Kevin McCarthy worked furiously Tuesday to build support for a Republican plan that would demand strict limits to federal spending in return for agreeing to raise the nation’s debt limit and stave off an unprecedented U.S. default. But President Joe Biden ...

MONTGOMERY, Ala. — Alabama is one of only three states that tax groceries at the same rate as other purchases. But as food prices soar — and as the state sees a record budget surplus — Alabama lawmakers are considering removing, or phasing out, the state’s 4 percent sales tax on ...