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Ford to cut production of electric pickup on lower demand
Ford to cut production of electric pickup on lower demand
Economy
by  AFP

US auto giant Ford said Friday that it is reducing production of its F-150 Lightning electric pickup, as it anticipates weaker demand for electric vehicles this year. Sales of the F-150 Lightning jumped 55 percent in 2023, with further growth forecast this year, according to Ford.

US existing home sales fall to lowest level since 1995
US existing home sales fall to lowest level since 1995
Economy
by  AFP

US existing home sales fell in the final month of 2023, ending a tough year for real estate as full-year sales hit the lowest level since 1995, said industry data released Friday. While home prices tend to be higher in the summer months, "this is the highest December median home price ever," Yun said on Friday.