Government, Business

Consumers Spending at Fastest Pace BofA CEO Has Seen

The head of the nation’s second-largest bank said consumers are spending “at a faster rate” than he has ever seen, but he remains concerned about how inflation and supply chain issues will influence the economy going into the winter.

Ken Sweet | Associated Press
December 13, 2021
Business, Technology, Equipment

Ford to Cut Back F-150 Production Due to Chip Shortage

CHARLOTTE, N.C. — Ford Motor Co. said Feb. 4 that it will cut shifts at two of its U.S. manufacturing plants next week, due to the worldwide chip shortage that also has impacted other automakers.

Ken Sweet | Associated Press
February 5, 2021