Ford Motor Company has announced delays in the production of a new all-electric large SUV and pickup truck. The automaker is shifting its focus to offering hybrid options across its entire North American lineup by 2030. The three-row SUV production has been postponed to 2027 from its initial plan of 2025, and the next-generation pickup
Business
After a combative process that lasted for months, Disney shareholders opted to reelect the media conglomerate’s full board, solidly backing decisions made by the board, including the reinstatement of CEO Bob Iger and his efforts to rejuvenate the company. Activist Nelson Peltz, alongside former Marvel CEO Ike Perlmutter, spearheaded a campaign advocating for change within
The Spring housing market has taken a surprising turn this year, defying all expectations that prices would cool and competition would ease. Despite historically higher mortgage rates, which usually have a dampening effect on both prices and demand, the market is still red hot. The primary reason behind this unexpected trend is the acute shortage
The announcement that Macy’s plans to close approximately 150 stores has spurred excitement in rival retail companies like Target and Kohl’s. This decision by Macy’s raises the possibility of increased sales for competitors due to the void it will create in the market. With Macy’s shrinking its physical footprint, competitors like Target and Kohl’s are
United Airlines recently sent a note to its pilots, asking them to take unpaid time off in the upcoming month due to late-arriving aircraft from Boeing. This situation highlights how Boeing’s production problems and safety crisis are affecting the growth plans of its customers, including United Airlines. The offer for unpaid time off comes at
Toyota Motor is currently exploring the possibility of expanding its U.S. truck lineup to include all-electric or plug-in hybrid electric versions of its popular Tacoma and Tundra pickups. This decision is being driven by anticipated customer demand and the tightening federal emissions and fuel economy regulations that are shaping the automotive industry landscape. Jack Hollis,
The study released by researchers at Yale University, King’s College Hospital in London, and Doctors Without Borders sheds light on the significant difference between the manufacturing cost of the diabetes drug Ozempic and the price Novo Nordisk charges for it in the U.S. The study suggests that Ozempic could be manufactured for less than $5
McDonald’s has recently announced plans to offer Krispy Kreme doughnuts at its fast-food restaurants across the United States. The initial phase of this rollout is expected to commence in the second half of the year, with aspirations of completion by the end of 2026. This strategic partnership entails McDonald’s becoming the sole fast-food collaborator with
The recent announcement of Boeing CEO Dave Calhoun stepping down at the end of 2024 marks a significant change in the leadership team of the embattled aerospace giant. Along with Calhoun, Larry Kellner, chairman of the board, has also decided to resign, and will not stand for reelection at Boeing’s annual meeting in May. This
The U.S. has rapidly taken over China as the top spot for millionaires and billionaires, according to a recent report. The report, known as the 2024 USA Wealth Report from Henley & Partners and New World Wealth, reveals that there are now more than 5.5 million Americans with liquid investible assets exceeding $1 million. This