For over a century, many states required new cars to be sold through independent dealerships. Tesla helped crack that open for EV startups by selling direct to customers.
“I don't think it'll be a bumpy year, but there won't be as much growth as we anticipated,” said Laurie Stewart, CEO and president of Sound Community Bank in Seattle, Washington.
At the outset of the war in Iran, the dollar surged, likely because of the typical “flight to safety” behavior. But more recently, it’s been taking a beating.
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Retail spending rose by 1.7% from February to March. Experts said people are spending their tax refunds and increasingly turning to credit — even for groceries.