Ford's ambitious plans for battery plants in Tennessee and Kentucky, aimed at manufacturing electric vehicles and EV components, are set to receive a record-breaking $9.2 billion federal loan from the U.S. Department of Energy.

Lordstown Motors, the struggling electric-truck maker, has filed for Chapter 11 bankruptcy protection and has initiated a lawsuit against Foxconn, accusing the Taiwanese manufacturer of breaching an agreement to provide additional funding.

Amazon is exploring a new eFulfillment strategy called Amazon Hub Delivery, which aims to utilize small businesses as delivery partners to expand its fulfillment reach.

Federal Reserve Chair Jerome Powell reaffirmed the likelihood of raising interest rates at least once more this year due to persistent inflation in the service sector and a tight job market.

Federal Reserve officials expect to raise interest rates further this year to combat excessive inflation in the United States, according to Chair Jerome Powell.

Instant Brands, the maker of the popular Instant Pot cooker and Pyrex glassware, has filed for Chapter 11 bankruptcy protection due to ongoing financial struggles caused by supply chain pressures.

Hollings Manufacturing Extension Partnership (MEP) has awarded $400,000 to each of its MEP National Network Centers across the United States and Puerto Rico, totaling over $20 million in funding.

The COVID-19 relief funds intended to combat the pandemic and stabilize the economy became the target of the greatest grift in U.S. history.

The Los Angeles Board of Harbor Commissioners has given its approval to a $2 billion annual budget for the Port of Los Angeles for the fiscal year 2023/2024.

U.S. corporate bankruptcies are on the rise in 2023, reaching their highest level since 2010.

Supply chain professionals are facing significant challenges, including fuel costs, inflation, and delays outside their control, according to a report by DispatchTrack.

he debt ceiling battle of 2023 ended with a relatively normal budget deal reached between President Joe Biden and House Speaker Kevin McCarthy, despite the heated rhetoric and talk of default.

Italy has unveiled plans to establish a €1 billion sovereign fund to support strategic companies and enhance domestic production, aiming to strengthen key supply chains.

Following a new rule by the Financial Accounting Standards Board (FASB) that requires U.S. companies to disclose details about their supply chain finance programs, organizations have begun sharing information regarding their financing practices.

The number of bankruptcies among U.S. companies has been rising, reaching levels higher than any year since 2010.

The escalating debt crisis in the United States is raising concerns about an impending recession that could have far-reaching consequences, not only for the US but for the global economy as a whole.

A recent poll conducted by AP-NORC revealed that approximately two-thirds of Americans expressed growing concerns over the potential impact on the economy if the US debt limit is not raised.

The concept of a "tax credit loophole" regarding the rise in electric vehicle (EV) leasing implies a scenario where individuals or businesses leverage specific tax incentives or loopholes to maximize the advantages of leasing EVs.

Amazon has been granted tax breaks worth an estimated $1 billion by officials in a remote county in northeastern Oregon to establish five new data centers.

The Federal Reserve has approved its 10th interest rate increase, raising its benchmark borrowing rate by 0.25 percentage point to 5%-5.25%, the highest since August 2007.