business news

Ex-Goldman CEO Blankfein says recession possibility is ‘very high risk factor’

Lloyd Blankfein Michael Nagle | Bloomberg | Getty Images Former Goldman Sachs CEO Lloyd Blankfein said on Sunday he believes the economy is at risk of possibly going into a recession, as the US Federal Reserve continues to raise interest rates to tackle rising inflation. Speaking on “Face the Nation” on CBS, Blankfein said a …

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Auto supplier Magna uniquely positioned to benefit from electric trucks

DETROIT – If electric pickup trucks from the Detroit automakers take off, auto supplier Magna International is in a unique position to benefit from producing a crucial part of the vehicles. The Canadian company produces the enclosures that house the lithium-ion batteries of the Ford F-150 Lightning and Hummer EV pickups. The parts are highly …

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