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Nearly half of Americans say it’s unlikely they’ll buy an EV next: Poll

A electric vehicle charger is seen as a vehicle charges in Manhattan, New York, U.S., December 7, 2021.  Andrew Kelly | Reuters Nearly half of Americans in a new poll say it’s unlikely they would purchase an electric vehicle as their next car, citing the lack of charging options and …

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Ford to invest $1.3 billion to build EV manufacturing hub in Canada

Ford display at the New York Auto Show, April 6, 2023. Scott Mlyn | CNBC DETROIT – Ford Motor will invest 1.8 billion Canadian dollars (about $1.3 billion) in its Oakville Assembly Plant in Ontario, Canada, to transition the facility into a new electric vehicle hub, the automaker said Tuesday. …

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Most Americans are using tax refunds to boost savings or pay off debt

mediaphotos | E+ | Getty Images Most Americans will use their tax refund to bolster their finances amid economic uncertainty, stock market volatility and lingering inflation.   More than one-third of Americans are saving their tax refund this season and 44% have earmarked the funds to pay off debt or …

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General Motors invests in EnergyX lithium extraction

UAW Local 5960 member Kimberly Fuhr inspects a Chevrolet Bolt EV during vehicle production on Thursday, May 6, 2021, at the General Motors Orion Assembly Plant in Orion Township, Michigan. Steve Fecht for Chevrolet General Motors said Tuesday its venture capital arm will lead a $50 million financing round for …

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U.S. life expectancy hurt by misinformation: FDA Commissioner Robert Califf

Life expectancy in the U.S. is between three and five years lower than the average in other high-income countries — and the gap comes in part from misinformation, Food and Drug Administration Commissioner Dr. Robert Califf said. “It’s looking worse, not better, over the last several years,” Califf told CNBC …

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70% of Americans feel financially stressed, new CNBC survey finds

Inflation, economic instability and a lack of savings have an increasing number of Americans feeling financially stressed.  Some 70% of Americans admit to being stressed about their personal finances these days and a majority — 52% — of U.S. adults said their financial stress has increased since before the Covid-19 pandemic …

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58% of Americans are living paycheck to paycheck, CNBC survey reveals

Between higher costs and a possible recession on the horizon, families feel increasingly strained financially.   More than half, or 58%, of all Americans are now living paycheck to paycheck, according to the CNBC Your Money Financial Confidence Survey, conducted in partnership with Momentive.  And even more — roughly 70% …

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Diddy now says he was joking about having to pay Sting $5,000 a day

Sean “Diddy” Combs wants everyone to learn a new word: facetious. That’s what the 53-year-old claims he was being last week when he tweeted that he’s still paying Police front man Sting $5,000 in royalties every day for sampling the group’s hit “Every Breath You Take” in 1997. Diddy had …

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Biden’s student loan forgiveness may lead to lower credit scores

Liubomyr Vorona | Istock | Getty Images The Biden administration’s sweeping plan to cancel up to $20,000 in student debt for tens of millions of Americans may have an unintended, though hopefully temporary, consequence for some people, experts say. “For many borrowers, it will cause their credit scores to drop,” …

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Stocks moving big midday: MU, PXD, SQ, AMC

A general view of Micron Technology’s building in Singapore, June 23, 2020.  Micron Gcm Studio | Reuters Check out the companies making headlines in midday trading Monday. Block — Shares of the payments stock lost 3% following a downgrade to market perform from outperform by KBW. The firm cited pressures …

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