Bloomberg Business

With pandemic-era chip shortages fading, manufacturers are keeping inventories low — and prices high. The shift to EVs will make things worse.

Ford Motor Co. is investing $3.5 billion in an electric-vehicle battery plant in southwest Michigan that it will operate with technology and support from a Chinese battery maker that has stirred political controversy.

A prosecutor told New York jurors that the man convicted of killing eight people when he drove a van onto a busy Manhattan bike path in 2017 should be executed, which would be the state’s first in six decades.

An audience of 113 million people tuned in to Fox Corp.’s Super Bowl broadcast to watch the Kansas City Chiefs defeat the Philadelphia Eagles 38-35 in a nail-biter, a slight increase from last year.

Dabur India Ltd., a major consumer goods maker controlled by the billionaire Burman family, is scouting for acquisitions at home and in Southeast Asia as it works to establish its presence in a new overseas market amid heated domestic competition.

Republican politicians are stoking outrage and raising cash over the alleged Chinese spy balloon that crossed the US before it was shot down.

The Biden administration plans to sell more crude oil from the Strategic Petroleum Reserve, fulfilling budget directives mandated years ago that it had sought to stop as oil prices have stabilized.

Crypto’s free pass is getting yanked as the most powerful US financial regulators rapidly close key doors to the country’s banking system.

The International Monetary Fund, World Bank and India will host an inaugural meeting to deal with global debt issues Friday, bringing together creditors including China with borrowing countries to try to hash out solutions for nations with unsustainable debt levels.