Ford Motor is gearing up to introduce a range of new hybrid models, according to CEO Jim Farley. This move comes as the company reported widening losses on its electric vehicle unit. While Detroit automakers have been focusing on all-electric vehicles, Ford’s emphasis on hybrids aligns more closely with Toyota, the global leader in hybrid
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Lawmakers convened on Thursday for a hearing of the House Judiciary Subcommittee on the Constitution and Limited Government, which quickly turned contentious as they debated the safety and efficacy of gender-affirming care in minors. Republicans criticized the practice, describing it as “mutilation,” while Democrats argued that such care is both safe and effective, citing support
Global chipmakers such as Intel and Samsung are breathing a sigh of relief as they witness the beginning of the end of a semiconductor supply glut. However, amidst this changing tide, demand for chips from customers outside the artificial intelligence (AI) industry is still in a gloomy state. The major markets for chips, including smartphones,
Once again, train passengers in the UK are bracing themselves for more disruption as workers go on strike over issues related to pay, jobs, and conditions. The Rail, Maritime and Transport (RMT) union has called on thousands of staff to walk out, resulting in significant changes to train services. With some trains starting later or
In a surprising turn of events, the New York Mets have started the process of dismantling their team, which boasts the highest payroll in baseball history. Late Thursday, the team announced the trade of their closer, David Robertson, to the Miami Marlins for two rookie league teenagers. This decision marks the first step in what
Cincinnati Bengals quarterback Joe Burrow’s practice took a turn for the worse when he was carted off the field on Thursday due to a right calf injury. The incident occurred during drills, as Burrow was making a roll to the right. Surprisingly, it seemed to be a noncontact injury, leaving everyone concerned about the severity
Ford Motor announced on Thursday that it was revising its production targets for electric vehicles (EVs) due to slower-than-expected adoption rates. The automaker now anticipates reaching a production rate of 600,000 EVs per year sometime in 2024, a delay from its earlier estimate of achieving that level by the end of 2023. Additionally, Ford had
Intel, the multinational technology company, reported its second-quarter earnings on Thursday, announcing a return to profitability after two consecutive quarters of losses. The company also provided a stronger-than-expected forecast, which delighted investors and led to a 7% increase in Intel shares during extended trading. Financial Performance For the quarter ending on July 1, Intel’s earnings
During the Covid-19 pandemic, the global chip supply chains and production were severely disrupted, leading to a shortage of semiconductors. The surge in demand for products like PCs and smartphones, as people stayed at home, caused an increased need for semiconductors, including memory chips. This shortage affected various industries, resulting in a lack of products
The Home Office is taking proactive measures to handle the anticipated surge of Channel crossings by purchasing marquees that can accommodate up to 2,000 migrants at disused military sites. This emergency plan is a response to the expected increase in small boat journeys in the coming months. By utilizing temporary accommodation, the government aims to