Stellantis lands lithium hydroxide supply for EV batteries
Automaker Stellantis has reached a deal to have Controlled Thermal Resources Ltd. supply battery-grade lithium hydroxide for its electric vehicles in North America.
Associated Press
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Red-hot summer job market awaits U.S. teens as employers sweat
Researchers predict an average of 33% of youths ages 16 to 19 will be employed each month from June through August this year, the highest such rate since 34% in the summer of 2007.
U.S. House panel swiftly takes up gun bill after mass shootings
Partisan positions were clear at a Judiciary Committee hearing Thursday on legislation that would raise the age limit for purchasing semi-automatic rifles from 18 to 21.
Ford CEO sees electric vehicle price war as EV costs decline
Ford CEO Jim Farley predicted big cost reductions are coming with new battery chemistries that use fewer expensive and scarce precious metals such as nickel and cobalt. Plus, EVs will take less time and labor to build, saving more money, he said.
Gridlock could delay more COVID funds until fall, or longer
Administration officials say they’re running low on money to stock up on, or even begin to order, the latest vaccines, tests and treatments. Also lacking are funds to reimburse doctors treating uninsured patients and to help poor countries control the pandemic.
U.S. job openings decline from record level but remain high
The historically high number of unfilled jobs and the number of people quitting has forced employers to pay more to attract and keep staff. Those trends are driving solid wage gains for America’s workers, particularly those that switch jobs.
Pressure growing to remove PFAS from fast food wrappers
Known as “forever chemicals” for their persistence in the environment, PFAS have been used for decades to prevent grease, water and other liquids from soaking through wrappers, boxes and bags.
Andretti bringing Kirkwood back for 2023 as Rossi replacement
IndyCar rookie Kyle Kirkwood will replace Alexander Rossi next season at Andretti Autosport, the team that developed the Floridian but did not have an open seat for him when Kirkwood was ready for the big leagues.
U.S. consumer confidence slips amid stubborn inflation
President Joe Biden will meet with Federal Reserve Chairman Jerome Powell on Tuesday as soaring inflation continues to carve up Americans’ earnings.
Canceled flights mar first weekend of summer for travelers
U.S. airlines canceled more than 2,800 flights from Thursday through Monday, or about 2% of their schedules, according to tracking service FlightAware.
Governors diverge on gun control, school security efforts
Dismissing proposals to restrict gun ownership, Indiana Gov. Eric Holcomb said the solution is to “focus on the individual problems” and to continue providing grants to schools for security upgrades.
Ericsson collects $3.1M from record Indianapolis 500 purse
Race organizers said the estimated crowd topped 325,000, which they believe makes the race the most-attended single-day sporting event in the world since the COVID-19 pandemic began.
Another Indy 500 disappointment for 6-time series champ Dixon
The 41-year-old New Zealander had the car to beat for much of the Indy 500 on Sunday until a late penalty cost him a chance to kiss the bricks at Indianapolis Motor Speedway for the first time since 2008.
Swedish driver Ericsson gives Ganassi another Indy 500 win
Ericsson took control of Sunday’s race late and had it under control for Chip Ganassi Racing until a crash by teammate Jimmie Johnson with four laps remaining brought out a rare red-flag stoppage at Indianapolis Motor Speedway.
Indy 500 waves green flag on sustainability with lofty goals
IndyCar’s latest push to go green includes T-shirts made from recycled plastic bottles. The shirts are the centerpiece of “The Penske Initiative,” which hopes to hold carbon-neutral races by 2050.
Pato O’Ward signs extension with McLaren through 2025
The deal includes a pay raise, a McLaren for O’Ward’s personal use and potential opportunities for the 23-year-old with McLaren’s Formula One team.
Indy 500 drivers find crypto craze fuels needed sponsorship
IndyCar drivers are among the growing number of athletes getting deep in the crypto game. The shift to cryptocurrency sponsorship might still be a curious concept to the almost 300,000 fans at Sunday’s Indianapolis 500. But new forms of digital money help pay the bills and salaries for teams and athletes.
IndyCar to use 100% renewable fuel beginning in 2023
Shell, which recently signed a five-year extension to be the fuel sponsor for the open-wheel series, announced plans Friday to switch to a low-carbon fuel in 2023.
Key inflation gauge slowed to still-high 6.3% over past year
High inflation appears to be forcing consumers, on average, to save less. The savings rate fell to 4.4% last month, the lowest level since 2008.
More Memorial Day travel expected despite high gas prices
To drive, or not to drive? This Memorial Day weekend, with surging gas prices that are redefining pain at the pump, that is the question for many Americans as a new COVID-19 surge also spreads across the country.