A ‘Made in China’ Crisis Awaits Big Auto

Published on January 2, 2025

When Jaguar’s “copy nothing” brand reboot hit late last year, one self-styled car enthusiast replied on X: “What the actual hell is this.” Jaguar’s response: “The future.”

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Gasoline Prices Close 2024 at 3.5-Year Low, Cheapest Since May 2021

January 2, 2025
Gas prices closed out 2024 by falling to their lowest level since May 2021. As of December 30th, the price of regular and premium gas decreased 2 cents and 1 cents from the previous week, respectively. The WTIC end-of-day spot price for crude oil closed at $71.72, up 3.6% from last week.

Unemployment Claims Drop to 8-Month Low to End 2024

January 2, 2025
During the last week of 2024 (ending December 28th), initial jobless claims dropped to their lowest level since April. Initial jobless claims were at a seasonally adjusted level of 211,000. This represents a decrease of 9,000 from the previous week's revised figure and is better than the 222,000 economists were expecting.