Ford Motor has decided to delay the production of a new all-electric large SUV and pickup truck as it transitions to offering hybrid options across its entire North American lineup by 2030. This decision comes as the automotive industry grapples with slower-than-expected adoption of electric vehicles and high production costs. Ford had initially planned to
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In a recent development, Disney shareholders have reelected the media conglomerate’s entire board, dealing a blow to activist Nelson Peltz and former Marvel CEO Ike Perlmutter. The battle for change at Disney, one of America’s most iconic companies, has concluded with shareholders ultimately supporting the decisions of the current board. Activists’ Agenda Nelson Peltz and
The Spring housing market in 2023 has been surprising experts as prices continue to soar and competition remains fierce despite higher mortgage rates. Typically, when mortgage rates increase, it cools both prices and demand, as seen in previous years. However, the current Spring market is defying these expectations. The limited supply of homes for sale
In light of Macy’s announcement to close approximately 150 stores, retail competitors have already started to see this move as an opportunity for growth. In conversations with CNBC, executives from Target and Kohl’s expressed their optimism about capitalizing on Macy’s store closures to increase their own sales. Analysts also suggest that off-price chains like T.J.
United Airlines is facing challenges due to delays from Boeing, prompting the airline to request pilots to take unpaid time off. This move is a result of the impact that Boeing’s production problems and safety crisis have had on the airline’s growth plans. United, like other airlines, has been struggling to meet the demand for
Toyota Motor is considering expanding its U.S. truck lineup to include all-electric or plug-in hybrid electric versions of its popular Tacoma and Tundra pickups. Jack Hollis, executive vice president of Toyota Motor North America, emphasized the importance of assessing customer demand and federal regulations to make informed decisions about the future of their truck offerings.
The recent study released by researchers at Yale University, King’s College Hospital, and Doctors Without Borders has shed light on the manufacturing cost of the blockbuster diabetes drug, Ozempic. Despite the fact that the drug can be produced for less than $5 a month, Novo Nordisk charges close to $1,000 per month for the injection
McDonald’s recently announced its plan to sell Krispy Kreme doughnuts at its restaurants nationwide by the end of 2026. This partnership will mark a significant expansion for Krispy Kreme, as the doughnut chain doubles its distribution to meet the demands of the collaboration. McDonald’s will have exclusive rights as the fast-food partner for Krispy Kreme
Boeing CEO Dave Calhoun’s recent announcement to step down at the end of 2024 has sparked a broad management shake-up within the embattled aerospace giant. This decision comes amidst increasing calls for major changes within the company after a series of quality and manufacturing flaws on Boeing planes, culminating in the recent Alaska Airlines Flight
The United States has emerged as the leading destination for millionaires and billionaires, overtaking China in terms of private wealth creation. Recent data from the 2024 USA Wealth Report by Henley & Partners and New World Wealth reveals that there are over 5.5 million Americans with liquid investible assets exceeding $1 million. This represents a