us Business

The U.S. Coast Guard said it would allow the fire to burn because the cars’ lithium-ion batteries could explode. The ship’s crew escaped on a lifeboat. Source link

A Times reporter wanted to ride in a Baker Electric, a model from the electric vehicle past. Enter the comedian with the famous garage. Source link

The cutbacks would have “minimal impact,” the government said, but economists warned of reduced confidence in inflation data produced by a struggling statistical system. Source link

Home builders, car manufacturers and can makers are among those that will see higher prices for materials. Those companies could charge customers more. Source link

President Trump and his allies have united around a new foe: the economists and budget experts who have warned about the costs of Republicans’ tax ambitions. Source link

Despite an exemption from 50 percent tariffs, Britain still faces a 25 percent duty because its trade deal with the United States has yet to be put in place. Source link

Mr. Epstein, the late financier and sex offender, started by putting $40 million into Valar Ventures, a firm backed by Mr. Thiel. Today that investment is worth about $170 million. Source link

Police officers, customs officials and spies are reinforcing China’s embargo on the critical minerals that it overwhelmingly controls. Source link

The estimate from the nonpartisan Congressional Budget Office is all but certain to inflame an already intense debate inside the G.O.P. about the fiscal consequences of their bill to enact President Trump’s agenda. Source link

Drivers in the country, Europe’s largest car market, are avoiding vehicles from Tesla, which has seen a drop in sales in other countries as well. Source link