Business

Wall Street surged to new heights Tuesday morning as better-than-expected inflation data fueled investor optimism about potential Federal Reserve rate cuts in 2025. The Dow Jones Industrial Average crossed 45,000 for the first time in history.

The Federal Reserve announced it will maintain current interest rates through year-end, citing mixed economic signals and persistent inflation concerns. Chair Jerome Powell emphasized a data-dependent approach as markets react to the decision.

Electric vehicle sales in the United States exceeded analyst projections in the fourth quarter of 2024, driven by new model releases, improved charging infrastructure, and competitive pricing. The milestone marks a turning point in American automotive history.

Ford Motor Company confirmed a dramatic strategic shift, pulling back investment from its pure electric F-150 program to focus instead on hybrid powertrains, citing softening EV demand. This abrupt pivot is expected to trigger significant financial upheaval, including up to $20 billion in forecasted charges related to sunk EV investments.