WASHINGTON -- The U.S. federal government recorded a budget deficit of nearly 1.7 trillion dollars in fiscal year 2023, which ended in September, up 23.2 percent from the previous fiscal year, the Treasury Department reported Friday.
The huge deficit came as revenue fell by 457 billion dollars from a year ago to reach 4.4 trillion dollars, while expenses decreased by just 137 billion dollars to 6.1 trillion dollars, according to the department's Final Monthly Treasury Statement. (US-budget deficit-2023)
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BRUSSELS -- Stellantis, a Netherlands-based car manufacturer, reported robust performance in September with more than 200,000 vehicles sold, reflecting a 15-percent year-on-year surge in new car registrations, according to industry data unveiled on Friday.
The data, provided by the Brussels-headquartered European Manufacturers' Association (ACEA), revealed that Stellantis outperformed its rivals, such as the German carmaker Volkswagen that recorded a growth rate of 13.6 percent and France's Renault with a rate of 7.4 percent in the same period. Overall, Europe experienced a 9.2-percent year-on-year increase in new car registrations in September. (Italy-Stellantis-Car Sales)
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NEW YORK -- The U.S. dollar lost in late trading on Friday, as the U.S. Treasury yields declined and investors bet on the Federal Reserve's dovish interest rates policy.
The dollar index, which measures the greenback against six major peers, decreased 0.08 percent to 106.1649 in late trading. (US-Dollar-Price)
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CHICAGO -- The union has seen serious movement from General Motors Co. and Stellantis NV as its strike against the Big Three U.S. automakers enters the 36th day, United Auto Workers (UAW) President Shawn Fain said Friday.
Fain made the remarks during a Facebook Live update Friday afternoon, hours after GM made another offer to the UAW. "We costed the companies' offers ... and there is more to be won," he said. (US-Big Three-Autoworker Strike) ■
