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...The analysts at Employ America have also highlighted auto insurance’s role in the recent gap between the CPI and the Fed’s favoured PCE indicator — and reckon that part of the gap could very possibly narrow...
...The world’s biggest tech show is also a major auto expo, with South Korea’s Kia and Hyundai, Honda of Japan and Mercedes-Benz of Germany all taking part along with numerous suppliers....
...The issuance story is still scary, but no more increases is a silver lining,” said Padhraic Garvey, head of research, Americas at ING....
...At the age of 12, playing Grand Theft Auto: Vice City, I experienced the electric thrill of total freedom....
Move aims at clearing short-term central bank debt which is almost 10% of South American country’s GDP
...Auto-loan originations in the US hit a record $747bn last year following a brisk 2021, according to data from the Federal Reserve Bank of New York....
...project when it agreed last year to back Lithium Americas....
...January has kicked off with the merger of two US auction houses, Chicago’s Hindman (which made $100mn sales last year) and Philadelphia’s Freeman’s ($32mn)....
...Among the bigger companies are Copart and Insurance Auto Auctions, which auction off junked cars; LKQ, which sells salvaged parts to repair shops and retail customers; and Boyd Group Services, which buys...
...Sotheby’s lawyers maintained the auction house was just doing its job: selling art. “That’s what auction houses do . . . that’s how the business works,” Asner said during closing arguments....
...By contrast, cars and auto parts imported directly from China pay an additional 25 per cent levy under the regime introduced by Trump and maintained under Biden....
...Iovine and his longtime business partner, the rapper Dr Dre, are hoping this will shake up education in America’s underprivileged cities....
...Last year, Bloomberg revealed that Federal prosecutors were targeting major auction houses as part of a wider investigation into sanctions evasion by Russian oligarchs....
...He said the “unprecedented” move was designed to ensure America maintained what he said was its “dynamic auto industry”....
...Scaringe said that executives at the company still “firmly believe in the full electrification of the auto industry, but recognise in the short term the challenging macroeconomic headwinds”....
...Sotheby’s withdrew 10 lots out of 70 at its Modern and contemporary art evening auction, which kicked off London’s auction season on March 6....
...private sector participation was “relatively good” given that the government had declined to offer pledges to buy back bonds if they fall below a certain price, which are commonly used in Argentine bond auctions...
...Last month, Donald Trump told auto workers they should vote for him as he seeks re-election as president next year, warning: “They want to go all electric and put you all out of business.”...
...While the UAW is striking at plants that assemble profitable vehicles, this walkout isn’t as “punitive” as it could be, argues John Murphy, Bank of America’s analyst covering auto manufacturers....
...In an era when organised labour is ascendant, the powerful United Auto Workers union want what it thinks is its fair share....
...The heavily-underwritten auctions reflected a nervousness, later realised, that demand would be slow....
...Creditors have been hoping that a forthcoming auction of shares in Citgo, a PDVSA-owned refiner in the US, will help pay off some of the oil company’s defaulted debt....
...“We’re trying to make an agreement where we can be competitive,” said Bryce Currie, Ford’s vice-president for Americas manufacturing and labour affairs....
...As such, he felt “relieved” at Wednesday’s opening of the fair — the largest of its kind in the Americas, with 277 exhibitors — describing business as “really good”....
...The contracts are “game-changers, not only for UAW workers, but for all workers in America”, Biden told the crowd. “You’re changing the face of the country economically.”...
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