Financial data and software firm headquartered in Norwalk, Connecticut
Slate Auto has unveiled a bare‑bones two‑seat electric pickup with a $24,950 base price and a two‑row SUV conversion starting at $29,950. The company has raised the base EPA range estimate to about 205 miles, is taking preorders with a $300 deposit, and plans production to begin in late 2026 with direct online sales.
Gas prices have edged down from a high earlier this year but remain elevated as tensions with Iran push oil up. Consumers are recalibrating budgets while state taxes rise in California and other jurisdictions. Auto loans and vehicle prices continue to influence consumer spending, with data showing mixed signals on confidence and employment.
US payrolls have risen by 57,000 in June, well below expectations, while the unemployment rate edges down to 4.2% as more workers exit the labor force. Revisions show May and April gains were weaker than first reported, underscoring a fragile rebound in hiring.
Ten years after the Brexit vote, economists say the UK’s economy is smaller than it would have been, with weaker investment and productivity. Public sentiment has shifted toward regret, while trade frictions and inflation persist. The path forward remains uncertain.
Tesla has reported record second-quarter deliveries of 480,126 vehicles, a 25% year-on-year rise that exceeded Wall Street estimates. Production ran at 451,758 units, leaving the company to draw down inventory. Strong European demand, higher fuel prices and expanded availability of its driver‑assist systems have powered the rebound.
Existing U.S. home sales have fallen 2.4% in June to a 4.09 million annual pace, while prices reach a fresh high of $440,600 as supply remains constrained and demand persists despite higher mortgage rates.