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Selloff Intensifying

The S&P 500 fell on Tuesday to its lowest level in months after the latest home sales and consumer confidence reports stoked concern over the state of the U.S. economy. The Dow Jones Industrials turfed 327.75 points, or 1%, to pause for lunch Tuesday at 33,679.13. The S&P 500 index dumped 53.63 points, or 1.2%, …

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Ford Halts Construction On $3.5 Billion EV Battery Plant

Ford Motor Co. (F) has stopped construction on a $3.5 billion U.S. electric vehicle battery plant in Michigan. The Detroit automaker had planned to use technology licensed from Chinese battery maker Contemporary Amperex Technology (CATL) at the Michigan plant. While Ford said it hasn’t made any final decisions on the Michigan battery plant …

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