Ford is shifting its electric vehicle strategy, canceling the all-electric F-150 Lightning and focusing more on hybrid trucks and battery storage for data centers and the power grid. The company expects nearly $20 billion in charges through 2027, with over $5 billion in cash spent in the next two years, as it pivots to meet customer demand for more affordable, practical vehicles. Future F-150 Lightnings … Continue reading Ford pivoting to hybrids and dropping all-electric F-150

Nasdaq plans to file with the U.S. Securities and Exchange Commission to introduce round-the-clock trading of stocks, aiming to meet growing global demand for U.S. equities. The exchange, home to major tech companies like Nvidia, Apple, and Amazon, is taking its first formal step toward nonstop trading five days a week, targeting a potential launch in the second half of 2026. Investor interest in extended … Continue reading Nasdaq seeks to extend trading hours, as Wall Street gears up for 24/7

iRobot, maker of the Roomba vacuum, filed for Chapter 11 bankruptcy protection after agreeing to be taken private by its primary manufacturer, Picea Robotics. The company faced declining profits due to competition from lower-priced Chinese rivals, U.S. tariffs, and rising costs, generating $682 million in revenue in 2024 but struggling with debt and reduced margins. Under the bankruptcy plan, Picea will acquire 100% of iRobot’s … Continue reading Roomba maker iRobot files for bankruptcy

Oracle shares dropped 11% in extended trading after the company reported quarterly revenue below expectations, despite strong demand for its AI infrastructure. The company posted $16.87 billion in revenue, up 14% year-over-year, with cloud revenue reaching $7.98 billion and cloud infrastructure up 68%, but software revenue fell 3%, missing estimates. Oracle’s remaining performance obligations soared 438% to $523 billion, boosted by commitments from major clients … Continue reading Oracle plummets 11% on weak revenue, pushing down AI stocks like Nvidia and CoreWeave

Coca-Cola announced that Chief Operating Officer Henrique Braun will succeed James Quincey as CEO on March 31, while Quincey will become executive chairman. Quincey, 60, has led the company since 2017, overseeing bottling refranchising, pandemic strategies, and a push toward healthier beverages. Braun, 57, who joined Coke in 1996, became COO earlier this year and will focus on global growth, consumer needs, and technology improvements. … Continue reading Coca-Cola taps COO Henrique Braun to replace James Quincey as CEO in 2026

President Trump has launched the “Trump Gold Card,” offering fast-tracked U.S. visas to wealthy foreigners who pay at least $1 million, with businesses paying $2 million to sponsor employees. The card promises rapid residency and a direct path to citizenship for qualified applicants, with a $15,000 non-refundable processing fee and an upcoming $5 million “platinum” version offering tax benefits. The scheme targets high-level professionals who … Continue reading Trump launches $1m ‘gold card’ immigration visas

The Federal Reserve cut its key interest rate by a quarter percentage point to 3.5%-3.75%, reflecting a “hawkish cut” amid internal divisions, with three members voting against the decision. Chair Jerome Powell emphasized a cautious approach, saying the Fed is well-positioned to monitor economic developments before making further moves, while the dot plot shows only limited rate cuts expected in 2026 and 2027. The committee … Continue reading Divided Fed approves third rate cut this year, sees slower pace ahead

In-N-Out Burger has officially retired the number “67” from its ticket order system, following the viral “6-7” trend among Gen Alpha social media users. The removal, confirmed by a Los Angeles employee, also extends to the number “69,” and is reportedly due to the commotion caused by kids reacting to the numbers being called. The “6-7” phrase, popularized in Skrilla’s song Doot Doot (6 7) and associated … Continue reading In-N-Out Officially Removes Number ’67’ from Its Ordering System After Viral ‘6-7’ Trend

Gold rose 0.4% to $4,205.36 per ounce on Tuesday ahead of the U.S. Federal Reserve’s interest rate decision, while silver surged past $60 per ounce for the first time, hitting $60.52. The rally in silver was driven by strong industrial demand, low global supplies, and its recent designation as a U.S. critical mineral. Traders are anticipating a 25-basis-point Fed rate cut, though strong October job … Continue reading Gold rises ahead of Fed rate cut decision, silver hits $60/oz milestone

U.S. stocks were mostly steady Tuesday as investors awaited Wednesday’s Federal Reserve decision on interest rates. The S&P 500 slipped 0.1% near its October high, the Dow fell 179 points, and the Nasdaq gained 0.1%. JPMorgan Chase fell 4.7% after projecting higher expenses next year, while Toll Brothers dropped 2.4% on weaker-than-expected quarterly results amid soft housing demand. Treasury yields rose after a report showed … Continue reading US stocks hold in place in the countdown to the Federal Reserve’s meeting

PepsiCo announced plans to cut prices and eliminate nearly 20% of its product offerings by early next year, following pressure from activist investor Elliott Investment Management, which holds a $4 billion stake in the company. The company aims to use the savings to boost marketing, enhance consumer value, and accelerate the launch of products with simpler, functional ingredients, such as Doritos Protein and prebiotic cola. … Continue reading PepsiCo to cut prices, eliminate products as part of a deal with an activist investor

A recent LendingTree survey found that 27 percent of Americans who use self-checkout have intentionally taken an item without scanning it, up from 15 percent in 2023. Millennials (41 percent) and Gen Z adults (37 percent) were the most likely to admit to this, while Baby Boomers were least likely at 2 percent. Men (38 percent) were more than twice as likely as women (16 … Continue reading More than 1 in 4 self-checkout shoppers admit they’ve stolen: Survey

Paramount has made a direct, all-cash offer to Warner Bros. Discovery shareholders after WBD chose Netflix’s proposal last week. CEO David Ellison argues Paramount’s bid is superior, saying it offers $17.6 billion more cash than Netflix’s deal. Paramount offered $30 per share for the entire company, while Netflix offered $27.75 per share for Warner Bros. and HBO but believes later spinoffs of cable assets, like … Continue reading Paramount launches a hostile takeover bid for Warner Bros. Discovery

The U.S. Department of Transportation has waived the final $11 million of a $35 million civil penalty against Southwest Airlines for massive flight cancellations during a 2022 winter storm. The airline had canceled 17,000 flights, stranding over 2 million passengers, and was initially fined for failing to assist travelers. Southwest had already made $24 million in payments, and the waiver reflects the company’s significant improvements … Continue reading Government waives part of a Biden-era fine against Southwest Airlines

Treasury Secretary Scott Bessent confirmed he sold his soybean farm last week, fulfilling an ethics agreement upon taking office, while emphasizing that U.S. farmers still need federal support despite a trade deal with China. Bessent highlighted that certainty for farmers depends on long-term purchase agreements, noting that the October deal with China has resumed soybean imports after months of halted purchases. Agriculture Secretary Brooke Rollins … Continue reading Bessent sells his soybean farm, says farmers still need help

Salesforce reported stronger-than-expected earnings, with adjusted EPS of $3.25 beating the $2.86 forecast, while revenue of $10.26 billion slightly missed estimates. Net income rose to $2.09 billion, boosted by a $263 million gain from strategic investments. The company highlighted strong cloud growth in Tableau and MuleSoft, with on-premises revenue recognized immediately rather than over time. For the fiscal fourth quarter, Salesforce expects $3.02–$3.04 in adjusted … Continue reading Salesforce beats on earnings, issues better-than-expected revenue forecast

The U.S. labor market weakened in November as private payrolls fell by 32,000, driven largely by small businesses, according to ADP. Firms with fewer than 50 employees cut 120,000 jobs, while larger companies added 90,000. Industry losses were led by professional and business services (-26,000), information services (-20,000), and manufacturing (-18,000), though education and health services (+33,000) and leisure and hospitality (+13,000) saw gains. Wage … Continue reading November private payrolls unexpectedly fell by 32,000

Over 260,000 cases of shredded cheese sold at major retailers, including Aldi, Target, and Walmart, are being recalled due to possible metal fragments, according to the FDA. Great Lakes Cheese Co., based in Hiram, Ohio, initiated a voluntary recall in early October, covering products sold in 31 states and Puerto Rico. The recall affects a variety of cheeses, including Italian style, pizza style, mozzarella, mozzarella … Continue reading Huge recall of shredded cheese sold at major retailers in 31 states

Boeing expressed optimism about its outlook as 2025 wraps up, with CFO Jay Malave projecting higher deliveries of both 737 and 787 jets in 2026. Malave said certification for the delayed 737-10 model is expected later in 2026, and increased deliveries will drive billions in positive free cash flow. Boeing’s stock jumped more than 10% following the remarks. The company also expects cash margins to … Continue reading Boeing stock jumps 10%

American Eagle reported stronger-than-expected quarterly results and raised its full-year forecast on Tuesday, sending shares up as much as 15% in after-hours trading. The company expects fiscal fourth-quarter comparable sales to grow 8–9%, far exceeding analysts’ 2.1% estimate, and now projects full-year adjusted operating income of $303–308 million, up from $255–265 million. For the third quarter, earnings per share came in at 53 cents versus … Continue reading American Eagle stock jumps 10% as it expects a big holiday

The Prada Group has completed its €1.25 billion ($1.4 billion) acquisition of Milan fashion house Versace, bringing the brand under the same umbrella as Prada and Miu Miu. Lorenzo Bertelli, Prada heir, will serve as Versace’s executive chairman while maintaining his roles as Prada Group marketing director and sustainability chief. Versace, ranked among the world’s top 10 most recognized fashion brands, had been underperforming under … Continue reading Prada Group says it has purchased fashion rival Versace in a deal worth nearly $1.4 billion

Costco has sued the Trump administration, asking the Court of International Trade to declare all tariffs imposed under the International Emergency Economic Powers Act (IEEPA) unlawful and seek a full refund. The company argues that IEEPA does not authorize the president to impose import duties, a use of the law first attempted by Trump. The Supreme Court is currently reviewing the legality of Trump’s tariff … Continue reading Costco sues the Trump administration, seeking a refund of tariffs

U.S. Black Friday retail sales rose 4.1% from last year, with online spending hitting $11.8 billion, up 9.1%, though inflation may mean real spending growth was closer to 1%. Consumer behavior is sharply divided: high-income shoppers continue to spend on luxury items and travel, while low- and middle-income consumers are cutting back due to rising prices and job concerns, reflecting a K-shaped economy. Higher costs … Continue reading Black Friday sales up by 4.1% from last year, online spending jumps 9.1%

South Korean authorities are investigating a major data breach at e-commerce giant Coupang, which exposed the personal information of over 33 million customers, marking the country’s worst such incident in more than a decade. The breach, believed to have started on June 24, involved overseas servers and exploited authentication vulnerabilities in Coupang’s systems. While names, email addresses, phone numbers, shipping addresses, and order histories were … Continue reading South Korean police probe massive data leak at Coupang

Asia-Pacific markets opened mixed on Monday as investors weighed weak Chinese manufacturing data and rising expectations of a U.S. Federal Reserve rate cut later this month. China’s private manufacturing PMI fell to 49.9 in November, signaling contraction, while official data showed continued weakness in both factories and services. Hong Kong-listed firms exposed to digital assets dropped sharply after the People’s Bank of China issued warnings … Continue reading Asia markets open December mixed as China factory activity weakens unexpectedly