Supply chain problems, pent-up demand and record-low vehicle inventory levels mean many new cars and trucks, including EVs, are already spoken for before they reach dealers lots.
Oil prices dropped in a sudden move on Wednesday, giving back some of the rally this month amid supply disruptions stemming from Russia's invasion of Ukraine.
Ukraine's allies, including President Joe Biden and NATO, have sought to support Kyiv without deploying troops, despite President Volodymyr Zelenskyy's pleas.
The 5G compatible device, which starts from $429, was announced by CEO Tim Cook at Apple's Peek Performance Event alongside a new iPad Air and the Mac Studio.
Bitcoin and other cryptocurrencies were higher on Wednesday after President Joe Biden announced his highly-anticipated executive order on digital assets.
The U.S. ban on Russian oil could exacerbate already-spiking oil and food prices, analysts warned, and that could set off a recession if escalated further.