Hope Yen

Associated Press
Latest in Economics
A Dr Martens boot inspired by Elton John's famous Pinball Wizard outfit is shown at a promotional event in London, March 20, 2023.
Dr. Martens Warns of Tough Year Ahead
April 17, 2024
Federal Reserve Chair Jerome Powell participates in a Washington Forum on the Canadian Economy, together with Tiff Macklem, Governor of the Bank of Canada, Wednesday, April 16, 2025, in Washington.
Fed's Powell: Elevated Inflation Will Likely Delay Rate Cuts This Year
April 17, 2024
A tanker at a Chevron gas station in San Francisco, Oct. 23, 2023.
U.S. Producer Prices Rise, but Less than Economists Expected
April 12, 2024
I Stock 1461626406
Congress Failing to Deliver on Promise of Billions More in Research Spending
March 13, 2024
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Federal Reserve Chair Jerome Powell participates in a Washington Forum on the Canadian Economy, together with Tiff Macklem, Governor of the Bank of Canada, Wednesday, April 16, 2025, in Washington.
Economics
Fed's Powell: Elevated Inflation Will Likely Delay Rate Cuts This Year
A shopper passes by a sign trumpeting a sale at a clothing store in the Thornton Premium Outlets Monday, Dec. 18, 2023, in Thornton, Colo. On Wednesday, the Conference Board reports on U.S. consumer confidence for December.
Economics
Consumer Confidence Amid Holidays Highest Since Summer
An Amazon Prime delivery person struggles with packages while making a stop at a high-rise apartment building on Tuesday, Nov. 28, 2023, in Denver.
Economics
Fed Shows Price Pressures Continuing to Cool
A crane lifts a shipping container at an automated container port in Tianjin, China, Jan. 16, 2023. The global economy, which has proved surprisingly resilient this year, is expected to falter next year under the strain of wars, still-elevated inflation and continued high interest rates.
Economics
OECD: The World Economy Will Slow Next Year
More from Hope Yen
Transportation Secretary Pete Buttigieg speaks before the arrival of President Joe Biden at the construction site of the Hudson Tunnel Project, Tuesday, Jan. 31, 2023, in New York. Nearly 50 businesses and nonprofits including rideshare companies Uber and Lyft, industrial giant 3M and automaker Honda are pledging millions of dollars in initiatives to stem a 'crisis' in road fatalities under a new federal effort announced Friday, Feb. 3.
Automotive
Nearly 50 Businesses Pledge Millions in Effort to Stem Road Deaths
It's part of the Department of Transportation's “Call to Action” campaign.
February 3, 2023
An electric vehicle is plugged into a charger in Los Angeles, on Aug. 25, 2022. People who want to buy an electric vehicle could get a bigger-than-expected tax credit come Jan. 1, 2023, because of a delay by the Treasury Department in drawing up rules for the tax breaks.
Laws & Regulations
Rule Delay Makes Big EV Tax Credit Possible Early Next Year
A key provision has been temporarily put on hold.
December 21, 2022
The conspiracy theory posts are spreading across Facebook, Twitter and Instagram.
Automotive
Gas Price Hikes Fueling Electric Vehicle Conspiracy Theories
The electric vehicle appears to be the latest reiteration of baseless conspiracy theories.
March 10, 2022
Bus
Operations
Public Transit Gets $3.7B to Woo Riders, Adopt Green Fleets
The effort comes at a challenging time for public transit.
March 7, 2022
Transportation Secretary Pete Buttigieg speaks to the media during a visit to the Georgia Ports Authority's Megarail facility, on Dec., 17, 2021 in Savannah, Ga. Clogged U.S. ports are being given access to nearly $450 million in federal money from President Joe Biden's new infrastructure law, part of the administration's recent stepped-up efforts to ease supply chain congestion and lower prices for American consumers.
Supply Chain
U.S. Ports to Receive $450M from Infrastructure Funds to Ease Congestion
The grants are aimed specifically at reducing bottlenecks.
February 23, 2022
The Biden administration is launching its long-awaited plan Feb. 10, 2022, to build out a network of 500,000 electric vehicle charging stations, pledging $5 billion to states that focus first on stops along interstate highways that could spur a new era of zero-emission travel coast to coast.
Automotive
States Get Go-Ahead to Build Electric Car Charging Stations
Construction could begin by this fall.
February 10, 2022
U.S. Transportation Secretary Pete Buttigieg speaks to the media during a visit to the Georgia Ports Authority's Megarail facility, Friday, Dec., 17, 2021 in Savannah, Ga. Buttigieg used the visit to highlight the coordination with the his department and the Georgia Ports Authority to improve its cargo flow.
Supply Chain
Buttigieg Doles Out $241M to U.S. Ports to Boost Supply Chain
The transportation money is being made available immediately to 25 projects in 19 states.
December 23, 2021
Car Crash I Stock 1222256339
Automotive
U.S. Cites 'Crisis' as Road Deaths Rise 18% in First-Half of 2021
It was the biggest six-month increase since the department began recording fatal crash data in 1975.
October 29, 2021
Senate Majority Leader Chuck Schumer, D-N.Y., addresses the urgent need to counter climate change in the US with transformational investments in clean jobs, during an event at the Capitol in Washington, Wednesday, July 28, 2021.
Automotive
Climate Bid Faces Tricky Path Over Money for Electric Cars
New legislation provides $7.5 billion to build a national network of charging outlets.
July 30, 2021
Construction project manager Gabrielle Ferro, second right, speaks with U.S. Secretary of Transportation Pete Buttigieg, during a tour of an underground tunnel for the expansion of the Hartsfield–Jackson Atlanta International Airport plane train tunnel at the Hartsfield–Jackson Atlanta International Airport on Friday, May 21 in Atlanta.
Economics
White House Gives GOP June 7 Deadline for Infrastructure Deal
As of Sunday, the two sides remained far apart.
June 1, 2021
In this May 20, 2020, file photo, Sen. Tom Carper, D-Del., speaks as the Senate Homeland Security and Governmental Affairs committee meets on Capitol Hill in Washington. Sen. Carper is urging U.S. anti-pollution standards that would follow a deal brokered by California with five automakers and then set targets to end sales of new gas-powered vehicles by 2035. In a letter sent late Thursday, April 29, 2021, to the Environmental Protection Agency, Carper says the administration must move forcefully in the auto sector to achieve Biden’s plan of slashing America’s greenhouse gas emissions in half by 2030.
Laws & Regulations
Senator Pushes for More Forceful Auto Regulations
He says the administration must be more aggressive with the auto sector to achieve President Biden’s plan of slashing emissions.
April 30, 2021
House Speaker Nancy Pelosi of Calif., walks from the House floor, during the vote on the Democrat's $1.9 trillion COVID-19 relief bill, on Capitol Hill on March 10 in Washington.
Economics
Pelosi Pledges Swift Work on Infrastructure Package
President Biden proposed $2 trillion in clean energy, public transit, and road and bridge projects during the campaign.
March 15, 2021
Infra Ap21058017639861
Economics
U.S. Infrastructure Gets C- Grade
The American Society of Civil Engineers sees a $2.6T gap in infrastructure spending.
March 3, 2021
In this April 16, 2020 photo, work continues on a bridge on the Interstate Highway 75 project in Troy, MI.
Economics
Beyond Virus Relief, Biden Team Prepares Wider Economic Package
Biden and his team have begun discussions on the possible outlines of an infrastructure package with members of Congress.
March 1, 2021
In this file photo, Transportation Secretary nominee Pete Buttigieg speaks during a Senate Commerce, Science and Transportation Committee confirmation hearing on Capitol Hill in Washington.
Laws & Regulations
Senate Confirms Buttigieg as Transportation Secretary
He is expected to play an important role in overseeing stronger fuel economy standards, as well as the president's push for a $2 trillion infrastructure plan.
February 3, 2021