Ford’s first all-electric SUV comes at a pivotal time for the automaker as it restructures operations and spends $11 billion by 2022 on EV and hybrid vehicles. It also comes with a 15-inch display screen. Ford Motor Co. The recent data breach that exposed the sensitive information of some 300,000 Avis customers highlighted some critical … Read more
A steady decline in mortgage rates to two-year lows has current homeowners rushing to take advantage of potential savings. Applications to refinance a home loan surged 20% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. Demand was a stunning 175% higher than the same week one year … Read more
A Starbucks worker wears a t-shirt and button promoting unionization on April 7, 2022, in Chicago. John J. Kim | Chicago Tribune | Tribune News Service | Getty Images Starbucks CEO Brian Niccol said the coffee chain is committed to bargaining in good faith with the union that represents many of its baristas, as the … Read more
Anna Barclay | Getty Images Trump Media stock shot up more than 11% Wednesday morning, as the company majority owned by Donald Trump looked to claw back losses from a punishing sell-off that picked up steam after insiders’ lockups expired. DJT stock rose at the opening bell and popped higher around 10 a.m. ET, with … Read more
Top 10 things to watch Wednesday, Sept. 25 — Today’s newsletter was written by the Investing Club’s director of portfolio analysis, Jeff Marks. 1. The S & P 500 is on track for a muted open Wednesday following another record close Tuesday. Club holding Nvidia helped lift the market Tuesday but earnings loom from fellow … Read more
A Southwest Airlines plane takes off from Hollywood Burbank Airport on July 25, 2024 in Burbank, California. Mario Tama | Getty Images Southwest Airlines is planning to reduce service to and from Atlanta next year, cutting more than 300 pilot and flight attendant positions, according to a company memo seen by CNBC. The changes come … Read more
Georgijevic | E+ | Getty Images A surge in demand for artificial intelligence-focused semiconductors and AI-enabled smartphones and laptops could lead to the next global chip shortage, according to a report released Wednesday by consultancy Bain & Company. The last major semiconductor shortage happened during the Covid-19 pandemic amid supply chain disruption and a rise … Read more
Birria burrito surrounded by birria tacos, birria munchwrap, birria loaded fries and birria consommé at Little Miner Taco in North Bethesda, Maryland. Laura Chase de Formigny | The Washington Post | Getty Images Birria, which was once known as a regional Mexican food, has taken on a life of its own in the U.S., becoming … Read more
Jakub Porzycki | Nurphoto | Getty Images Google filed an antitrust complaint with the European Commission Wednesday accusing Microsoft of using unfair licensing contracts to stifle competition in the multibillion-dollar cloud computing industry. At the heart of Google’s complaint is the allegation that Microsoft uses unfair licensing terms to “lock in” clients and exert control … Read more
Bettina Orlopp, chief financial officer of Commerzbank AG, speaks during a fourth quarter earnings news conference at the bank’s headquarters in Frankfurt, Germany, on Thursday, Feb. 13, 2020. Alex Kraus | Bloomberg | Getty Images Commerzbank announced Tuesday it has picked 10-year veteran, and current Chief Financial Officer Bettina Orlopp to helm the bank as … Read more
