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DEARBORN, Mich.—Ford Motor Co. plans to take about $19.5 billion in special charges as it scales back parts of its electric-vehicle strategy, abandoning some larger battery-electric models and redirecting investment toward hybrids and extended-range electric vehicles (EREVs)—a move that underscores cooling U.S. EV demand and growing pressure on EV economics, according to GlobalData.

WASHINGTON—A federal judge has blocked the Trump Administration from allowing the CFPB to run out of money, rejecting a last-minute legal argument that would have effectively shut down the consumer watchdog just days before it was set to exhaust its funds.

WASHINGTON— Divisions inside the Federal Reserve ran deeper than the final vote suggests when policymakers cut interest rates earlier in December, according to FOMC meeting minutes released this week.