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By Summer Ballentine, The Detroit News

Electric vehicles in the United States produce fewer greenhouse gases than gas automobiles, even when factoring in battery-making emissions, limited range during bad weather and coal-fired power grids, according to a new analysis.

The University of Michigan study, published in an American Chemical Society journal, compared projected lifetime emissions of battery, hybrid and gas-powered vehicles from the 2025 model year. On average, gas-powered vehicles will produce 70% more greenhouse gases than EVs with 300-mile charging ranges.

The data include emissions from battery and auto production, a roughly 200,000-mile vehicle lifespan and final recycling or other disposal of the vehicle. Data show EVs create less pollution than plug-in hybrids and other hybrids; plug-in hybrids are more environmentally friendly than other hybrids; hybrids create less pollution than gas-powered vehicles; and smaller vehicles of any powertrain are less emission-intensive than SUVs and pickups. read more

By CHRISTOPHER RUGABER, AP Economics Writer

WASHINGTON (AP) — A Senate committee on Wednesday approved the nomination of White House economic adviser Stephen Miran to the Federal Reserve’s board of governors, setting up a likely approval by the full Senate, which would make Miran the third Trump appointee to the seven-member board.

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The White House has pushed for an expedited Senate approval of Miran, who was nominated by President Donald Trump to replace former Fed governor Adriana Kugler. Kugler stepped down Aug. 1. Miran would, if approved, simply finish her term, which expires in January. read more

By STAN CHOE, AP Business Writer

NEW YORK (AP) — Wall Street is heading for more records on Wednesday following a surprisingly encouraging report on inflation and a stunning forecast for growth from Oracle because of the artificial-intelligence boom.

The S&P 500 rose 0.4% and was on track to set an all-time high for a second straight day. The Dow Jones Industrial Average was down 186 points, or 0.4%, as of 1:15 p.m. Eastern time, and the Nasdaq composite was 0.3% higher after both likewise set records the day before.

Stocks have been hitting records in large part because Wall Street is expecting the economy to pull off a delicate balancing act: slowing enough to convince the Federal Reserve to cut interest rates, but not so much that it causes a recession, all while inflation remains under control.

Many things must go right for that to happen, and an encouraging signal came from Wednesday’s report showing that inflation at the U.S. wholesale level unexpectedly slowed in August. It’s a relief following months of reports suggesting inflation would be tough to get under the Fed’s target of 2%, with President Donald Trump’s tariffs set to add only upward pressure on prices. read more

The investing information provided on this page is for educational purposes only. NerdWallet, Inc. does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks, securities or other investments.

Imagine a game of musical chairs. Except there are 12 chairs and 100 people.

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That’s what the job market is like right now, says Mandi Woodruff-Santos, a career coach and host of the “Brown Ambition” podcast.

“There’s not a lot of meat on the bone,” she says. read more