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Honda warns of US$15.7 bil charge on global EV downturn
10+ hour, 20+ min ago (533+ words) (March 12): Honda Motor Co faces up to "2.5 trillion (US$15.7 billion or RM62 billion) in charges and an historic annual loss as it joins a growing list of global brands battered by the rapid unravelling of the electric vehicle transition." The carmaker's…...
Canada’s trade deficit widened by more than $2B in January: StatsCan
48+ min ago (121+ words) Canada's trade deficit widened by more than $2B in January: StatsCan'Juno News Canada's trade deficit widened by more than $2B in January: StatsCan Canada's trade deficit ballooned in January as exports, particularly in the critical motor vehicle sector, crashed to their lowest…...
What are today's mortgage interest rates: March 12, 2026?
4+ hour, 2+ min ago (276+ words) March 12, 2026 / 10:11 AM EDT / CBS News See how low your current mortgage rate offers are here. The average mortgage interest rate on a 30-year mortgage is 6.00% as of March 12, 2026, according to Zillow. The average mortgage purchase rate on a 15-year term…...
The Fed Has a Groupthink Problem. Warsh Can Fix It | The Daily Economy
7+ hour, 43+ min ago (355+ words) Evidence shows groupthink has produced suboptimal monetary policy. Kevin Warsh's out-of-sync views could bring much-needed diversity to the Fed. President Trump has nominated Kevin Warsh for the top spot at the Federal Reserve. Though a former member of the Federal…...
Stocks fall as Iran’s new supreme leader vows to keep Strait of Hormuz closed
2+ hour, 9+ min ago (438+ words) New York (CNN) " Stocks fell and oil prices surged Thursday as the war with Iran continued to stoke fears of higher energy costs and disruptions to the global economy. The major US stock indexes were down 1% or more, extending a…...
Stocks Sink With No Clear End to the Iran War
5+ hour, 47+ min ago (748+ words) Johann M Cherian and Utkarsh Hathi Thursday, 12 March 2026 10:29 AM EDT With no clear end in sight, the war with Iran is sending oil prices back to $100 per barrel and stocks sinking worldwide Thursday. The S&P 500 fell 1.1% and is returning…...
Electric vehicle rethink to cost Honda almost $16 billion
10+ hour, 41+ min ago (265+ words) Honda warned that expected to bokk losses of almost $16 billion in this fiscal year Japan's Honda said Thursday it expected to book nearly $16 billion in expenses and losses related to a major reorientation of its electric vehicle (EV) strategy, blaming…...
Honda Projects Massive $4.3B Loss After Scrapping Electric Vehicle Plans
10+ hour, 28+ min ago (369+ words) Thursday, March 12, 2026 at 3:36 AM Honda Motor announced Thursday it expects losses between $2.6 billion and $4.3 billion this fiscal year after canceling several electric vehicle projects. The Japanese automaker cited a slowdown in North America's electric vehicle market as the reason for…...
Honda Is Canceling All Its New Electric Cars For America As Gas Prices Soar
8+ hour, 17+ min ago (1812+ words) None of that is happening now, according to the annual financial announcement from Honda: Based on this decision, Honda now expects to record 1) write-off and impairment losses on tangible and intangible assets that were intended to be used for the…...
Honda slumps to first annual loss since going public in the 1950s
5+ hour, 27+ min ago (458+ words) Harry Dempsey in Tokyo Honda has warned of up to "2.5tn ($15.7bn) in losses over two years from an overhaul of its electrification strategy, becoming the industry's latest casualty from a souring outlook for electric vehicle sales in the US and fierce…...