Senate Confirms Kevin Warsh as the New Federal Reserve Chair — Here’s What this ‘Regime Change’ Will Mean

The Wall Street veteran takes over from Jerome Powell at a challenging moment, with rising inflation complicating interest rate decisions.

Honda reports first loss since 1957 as it waters down EV strategy, but shares rise on 2026 forecasts

The Japanese carmaker pursued an aggressive switch towards electric vehicles that it's now trying to walk back. Despite posting its first loss on record, its share price spiked on more buoyant predictions for 2026.

Honda Posts First Ever Annual Loss After Pullback From E.V.s

The Japanese automaker posted its first loss since 1957 as it took a multibillion-dollar hit from scaling back its electric-vehicle plans.