The Rundown Unemployment Climbs to 4-Year High, Ford Hits the Brakes on EVs
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Dec 16, 2025 The labor market shows signs of cooling as unemployment hits a four-year high. Ford faces a staggering $19.5 billion write-down, prompting a shift back to hybrid vehicles. PayPal is gearing up to enter the banking world, hoping to offer new lending options. Meanwhile, Nasdaq is pushing for 23-hour trading to better cater to global investors. In tech news, Tesla advances its robo-taxi program, while Roku benefits from a significant upgrade amid changing advertising strategies.
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Labor Market Cooling Despite Modest Job Gains
- The labor market is shifting to a low-fire, low-hire environment with fewer mass layoffs and muted hiring.
- The unemployment rate rose to 4.6%, the highest in four years, signaling cooling labor conditions.
Ford's Massive EV Write-Down And Pivot
- Ford took a $19.5 billion charge and is pivoting away from EVs toward gas and hybrid vehicles.
- The write-down reflects overestimated EV demand and costly investments like a failed battery JV in Kentucky.
Consider Plug-In Hybrids As A Practical Choice
- Consider plug-in hybrids as a practical compromise for drivers who value electric daily driving and gas for long trips.
- They offer flexibility and may match consumer preferences better than all-electric vehicles today.