It took a public notice from Hyundai Motor Co. — asserting that the successful bid by Hyundai Global Motors had nothing to do with it — for bureaucrats to realize that they had backed the wrong horse. Of the overall 50 gigawatt-hours of subsidized capacity, 20 gigawatt-hours had been earmarked for the South Korean firm.
Dow closes at record high as tame inflation report also lifts small caps
“The market at this point..(is) pretty much pricing in a soft landing, and pricing in that we have defeated inflation, and that the Fed will