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Money & Markets

US to block cotton from China region targeted in crackdown

WASHINGTON — The U.S. government announced Wednesday that it will halt imports of cotton and tomatoes from the Uighur region of China in its most sweeping action yet to pressure the Communist Party over its campaign against ethnic minorities. Officials said Customs and Border Protection ...

GM charges up new unit to sell electric delivery vans, gear

DETROIT — The market for battery-powered delivery vehicles and equipment has so much potential that General Motors is forming a new business unit to serve it, a move that lifted the automaker’s stock to a multiyear high. The first product for the new venture called BrightDrop will be an ...

New campaign, and logo, for GM in a bid to electrify image

DETROIT — General Motors is changing its corporate logo and launching an electric vehicle marketing campaign to reshape its image as clean vehicle company, rather than a builder of gas-powered pickups and SUVs. The 112-year-old Detroit automaker has promised to roll out 30 new ...

Boeing will pay $2.5 billion to settle charge over 737 Max

Boeing will pay $2.5 billion to settle a Justice Department investigation and admit that employees misled regulators about the safety of its 737 Max aircraft, which suffered two deadly crashes shortly after entering airline service. The government and the company said Thursday that the ...

Fed supported advance notice before changing bond purchases

WASHINGTON — Federal Reserve officials last month supported providing advance notice before the central bank makes changes to its $120 billion in monthly bond purchases. The minutes of those discussions released Wednesday show wide support for adding language to the Fed’s policy statement ...

Late sales rebound helps US automakers avoid 2020 disaster

DETROIT — Sales of new vehicles in the U.S. fell 14.6 percent last year, but a second-half rebound from a coronavirus-related plunge in the spring kindled optimism for a recovery later this year. Automakers on Tuesday reported selling 14.57 million new vehicles for the year, a far cry from ...