Volkswagen has pulled into Tesla Inc.’s rearview mirror and vowed to overtake the electric-car pioneer with an extensive rollout of battery and hybrid models over the next five years, as well as new production facilities around the world. The German car maker—which is the largest world-wide, with sales of 10.7 million vehicles last year—said Tuesday […]
Black labor-force participation—meaning the number of people working or looking for work—is trending up, while broader participation in the U.S., particularly among whites, has flattened after falling. Participation by race is now near a crossroad. The share of black Americans actively working or looking for work was 62.9% in February, while the corresponding white rate […]
The U.S. job market is booming and workers’ paychecks are growing thanks to a tax cut and raises. But Americans hunkered down on spending last month, a puzzle for an economy that leans heavily on their willingness to consume. Sales at U.S. retailers fell 0.1% in February, marking a three-month slide. Much of the decline […]