Electric vehicles (EV) sales in California spiked by over 60% in 2022 to 285,199 new electric vehicles being sold, according to registration data. The overall market share of EVs nearly doubled to 17% of total new vehicle sales. Meanwhile, sales of traditional internal combustion engine (ICE) vehicles fell by 18% to 1.38 million—the lowest since 2011.
New data from the Census Bureau and the National Association of Realtors reveal which states have been the biggest winners (and which the biggest losers) as the nation’s population continues to shift.
The U.S. economy grew at a robust 2.9% annual pace in the final quarter of last year, according to the first report of fourth quarter GDP. However, economists aren’t expecting the strength to continue as rising interest rates weigh on growth and threaten to incite a recession.
The year 2022 ended with the stock market delivering its largest yearly losses since 2008. The fourth quarter of 2022 saw new bear market lows in the S&P 500 index, Nasdaq Composite, and Bloomberg Agg Bond Index.
It may be time to add podcasts to the list of trends that peaked in 2020 and are now returning to Earth. A multitude of media empires were created by podcasters such as Joe Rogan as audio giants like Spotify poured money into the industry. However, data from Edison Research shows the boom may be over.
The Consumer Electronics Show (CES), the world's largest technology trade show, offers a glimpse into products coming down the pipeline. This year, the ever-expanding field of products showcased everything from color-changing cars to an oven that prevents food from burning. In the latest data from the U.S. Patent and Trademark Office, 2020 and 2021 saw the most patents granted ever—with over 350,000 new patents being granted each of those years.