Finance

Lordstown Motors discloses Justice Department investigation

Electric-truck startup Lordstown Motors Corp. confirmed the Justice Department is probing its business, investigating matters related to its reverse merger deal last year and preorders for its forthcoming pickup truck, the Endurance.

Hot inflation sparks cooldown debate

Inflation fears were reignited Friday when the Federal Reserve’s preferred measure printed its hottest reading in 29 years, and economists warn higher prices could linger for some time.

EBay hires JetBlue CFO to lead its finances

E-commerce platform eBay Inc. is turning to the finance chief of airline JetBlue Airways Corp. to oversee its finances, ending a search that began over a year ago.