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Ford tapped the brakes on EVs and bet on hybrids. It"s paying off.
Ford announced in its earnings on Wednesday that hybrid sales rose 36% in the first quarter of 2024. Ford boss Jim Farley told investors he is "thankful" the comp.....»»
Fisker tells employees that 4 automakers are in talks to buy the struggling startup
Fisker is in talks with four automakers for possible acquisition, CEO Henrik Fisker told employees, accordin.....»»
Mark Zuckerberg warned investors that Meta"s AI investment won"t pay off immediately
Meta stocks tumbled Wednesday after trading hours, despite the company's better-than-expected first-quarter results. Meta CEO Mark Zuckerberg told investors that it will take time for its AI bet to pay off. Getty Images News/Getty ImagesMeta&#.....»»
Ukraine is getting a new type of laser-guided bomb that can pummel "soft" Russian targets, analyst says
The UK is sending Ukraine a new type of laser-guided bomb that could compete with Russia's glide bombs, an analyst told BI. A Royal Air Force Typhoon.....»»
Zuckerberg warned investors that Meta"s AI investment won"t pay off immediately
Meta stocks tumbled Wednesday after trading hours, despite the company's better-than-expected first-quarter results. Meta CEO Mark Zuckerberg told investors that it will take time for its AI bet to pay off. Getty Images News/Getty ImagesMeta&#.....»»
Brittney Griner Talks For The First Time About Her Russian Detention In Exclusive "20/20" Special
"I was just so scared for everything because there's so much unknown," Griner told ABC's Robin Roberts, co-anchor of Good Morning America. read more.....»»
Billionaire investor Howard Marks says AI"s impact doesn"t make it immune to a crash
"Every bubble starts from widespread conviction," Howard Marks told CNBC, saying that its hard to determine the winners of the AI wave. K. Y. Cheng/South China Morning Post/Getty Images AI i.....»»
Tesla is eyeing India — but a rival says that"s "good for the industry"
MG Motor India's CEO Emeritus told CNBC that Tesla's potential en.....»»
Spotify CEO Daniel Ek has realized laying off 1,500 people at one go may have created a "significant challenge" for Spotify"s day-to-day operations
"It took us some time to find our footing," Spotify chief Daniel Ek told investors i.....»»
5 questions with Antoinette West of Elemental Excelerator
Antoinette West told PBN about Elemental Excelerator’s “Root for Innovation” program, which is currently seeking its second cohort of Hawaii educators......»»
Trump thought hush money was risky because "It always gets out," National Enquirer exec testifies. In this case, Trump was right.
"Any time you do something like this, it always gets out," ex-National Enquirer publisher David Pecker testified Trump told him in 2016. A court artist's sketch of former Natio.....»»
The US is headed for a financial crisis because of soaring national debt, billionaire investor Leon Cooperman says
"Deficits matter, and I think we're headed into a financial crisis in this country," Cooperman told CNBC this week. Rick Wilking/Reuters The US debt is pushing the country toward a financial crisi.....»»
Trump co-defendant in classified documents case was told he’d be pardoned in a second term, notes in FBI interview say
Trump co-defendant in classified documents case was told he’d be pardoned in a second term, notes in FBI interview say.....»»
US considers deploying extra military advisors to Ukraine as Russia looks set to ramp up offensives
Sources told Politico that the additional troops would primarily support logistics and oversee the weapons being sent to Ukraine by the US. Pentagon press secretary Maj. Gen. Patrick.....»»
Zuckerberg says Meta"s Llama 3 is really good but no chatbot is sophisticated enough to be an "existential" threat — yet
Mark Zuckerberg said Llama 3 is Meta's most sophisticated chatbot yet, but he told The Verge that he believes no model pose.....»»
Meow Wolf CEO: Expansion plans "unaltered" by cuts; Meow Wolf Workers Collective responds
Meow Wolf's CEO said expansion plans remain on track after recent staff and expense cuts, which he told Business First were driven by two primary considerations......»»
A Trump trial juror was dismissed after she said she was worried her identity was being revealed
Juror No. 2 told the judge overseeing Donald Trump's crim.....»»
Boeing whistleblower said the company threatened him and other engineers to keep quiet about safety concerns
A Boeing whistleblower told a panel of lawmakers that the company has retaliated against his voicing of safety concerns, including physical threats. Boeing whistleblower an.....»»
Elon Musk"s pay-deal vote is the ultimate "meme stock" test for Tesla, investor says
The vote on the Tesla CEO's comp package will be an indicator of how central he is to Tesla's ongoing success, investor Roger McNamee told CNBC. Elon Musk's Tesla is placing ads on X, the former Twitter.LEON NEAL/Gett.....»»
A California franchisee says he"s reducing staffing, raising prices, and mulling kiosks to cover the $20 wage. Closing stores is a last resort.
A Vitality Bowls franchisee in San Jose told BI how he's trying to absorb California's $20 minimum wage for fast-food .....»»