Ford is delaying about $12 billion in planned investments on EVs, including construction of a second battery plant with joint venture partner SK On due to softening demand for higher priced premium electric vehicles. CFO John Lawler emphasized Thursday during the company’s third-quarter earnings call that the company wasn’t backing away from its next-generation EV … Read more
Taiwan-based computer manufacturer Acer said that personal computer demand is rebounding, after hitting the bottom this year. “We have seen the demand reach the bottom during about the May timeframe this year and ever since that, the demand has come back. For Q3, we have already seen year-to-year growth,” chairman and CEO Jason Chen told CNBC’s … Read more
One of the biggest TV tropes is the will-they-won’t-they between two characters. Every viewer can see it coming, but we don’t care. We’re suckers for it. The only issue truly is making sure it’s done right. Pull the trigger too soon and put these two destined lovers together in Season 2, and all the tension … Read more
Novo Nordisk on Friday raised its outlook for its full-year sales and operating profit due to soaring demand for its blockbuster weight loss drug Wegovy and diabetes treatment Ozempic. The revised forecast only confirms the frenzy for those weekly injections, which patients seek for their ability to help them lose significant weight over time. Ozempic … Read more
Image source: Jaromila | E+ | Getty Images Consumers are still splurging for a side of fries with their meals. That can have a positive read through for the economy. Frozen potato supplier Lamb Weston Holdings has seen the share of consumers ordering the iconic side with fast food meals — known as the fry … Read more
An off-shore oil platform off the coast in Huntington Beach, California on April 5, 2020. Leonard Ortiz | MediaNews Group | Orange County Register | Getty Images It’s been a war of words and numbers between two major players in the energy industry – the International Energy Agency and OPEC – as they spar over … Read more
Lionel Messi’s arrival at Inter Miami has brought with it a craze for fans to get a glimpse of one of the sport’s most talented and legendary players of all time. Along with that skyrocketing attention comes a leap in prices, and sadly the club seems to be passing that cost on to the supporters. … Read more
BAGHDAD — Christian religious leaders in northern Iraq called for an international investigation Monday into a deadly wedding fire that killed more than 100 people last week and slammed the government’s probe, which had blamed the blaze on negligence and lack of precautionary measures. An Iraqi Syriac Catholic priest, meanwhile, said widespread corruption in the … Read more
An oil pump at sunset in Daqing, Heilongjiang province, China, on July 13, 2006. Lucas Schifres | Getty Images China’s demand for many major commodities has been growing at “robust rates,” Goldman Sachs said in a recent note. The investment bank observed that China’s demand for copper has risen 8% year on year, while appetite … Read more
boonchai wedmakawand | Moment | Getty Images Supply cuts from heavyweight crude producers have helped drive oil prices near $100 per barrel — fueling some to consider the potential for future demand destruction. Brent crude futures rose 63 cents per barrel from the Thursday settlement to $96.01 per barrel on Friday at 11 a.m. London … Read more