Latest News Updates From Associated Press

Fuel

Nations to Release Millions of Barrels of Oil Amid War

PARIS — The International Energy Agency said April 7 that its member countries are releasing 60 million barrels of oil from their emergency reserves on top of previous U.S. pledges to take aim at energy prices that have soared since Russia invaded Ukraine.

April 7, 2022
BusinessTechnologyFuel

US Electric-Vehicle Tax Credits to End for New Toyota Buyers

DETROIT — Toyota customers soon won’t be able to get U.S. federal tax credits for buying electric or hybrid vehicles.

April 7, 2022
BusinessTechnologyAutonomous

Tesla Sells 310,000 Vehicles in Q1 Despite Logistics Issues

AUSTIN, Texas — Tesla delivered 310,000 vehicles in the first quarter, up about 68% from the same period in 2021, the company said April 2.

April 4, 2022
GovernmentBusinessLogisticsTop 50

DeJoy Says He’s Been Cleared in Federal Probe

WASHINGTON — Postmaster General Louis DeJoy said March 31 that the Justice Department has closed without criminal charges an investigation into political fundraising activity at his former business.

March 31, 2022
GovernmentBusinessFuel

OPEC Sticks to Modest Boost in Oil Despite War Jitters

LONDON — OPEC and allied oil producers including Russia decided March 31 to stick to a modest increase in the amount of crude they pump to the world, a step that supports higher prices even as the Biden administration plans to try to lower them by releasing oil from strategic reserves.

March 31, 2022
BusinessTechnologyAutonomous

Waymo to Expand Autonomous Vehicle Rides in San Francisco

Waymo’s self-driving ride-hailing service is branching out to San Francisco, carrying employees in electric Jaguar I-Pace SUVs without human backup drivers.

March 30, 2022
BusinessLogistics

Efforts to Refloat the Ever Forward Begin

BALTIMORE — The U.S. Coast Guard prepared a second attempt to free a stranded container ship March 30, more than two weeks after it ran aground in the Chesapeake Bay.

March 29, 2022
BusinessTechnologyEquipmentAutonomous

Tesla ‘Gigafactory’ Opens in Germany

BERLIN — Electric car manufacturer Tesla is opening its first European factory March 22 on the outskirts of Berlin in an effort to challenge German automakers on their home turf.

March 22, 2022
GovernmentBusiness

Markets Point Higher After Tough Inflation Talk From Fed

NEW YORK — Wall Street pointed toward a higher open on March 22, one day after Chairman Jerome Powell said the Federal Reserve was prepared to raise its benchmark short-term interest rate by a half-point multiple times, if necessary, to battle inflation.

March 22, 2022
GovernmentBusiness

Canadian Pacific Work Stoppage Could Hit US Agriculture

DETROIT — Canadian Teamsters and CP Rail blamed each other for a work stoppage March 20 that brought trains to a halt across Canada and interrupted fertilizer and other shipments to and from the U.S.

March 21, 2022

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