Mark Fields, the former CEO of Ford, has expressed concerns about the financial challenges that EV startups may face due to slow adoption and unexpected obstacles.
Industry
Joann Fabrics Files for Chapter 11 Bankruptcy, Pledges to Keep Stores Open Amid Financial Turmoil
Joann Fabrics, a stalwart in the industry for 80 years, faces bankruptcy due to overwhelming debt. However, with new financing, it aims for a swift restructuring to maintain operations.
United Airlines CEO Assures Safety Measures Amid Distrust in Aviation Due To Boeing Incidents
United Airlines CEO Scott Kirby assures that they prioritize safety amid recent flight problems concerning Boeing planes, pledging improvements in training and procedures to return trust in the aviation industry.
Federal Reserve and European Central Bank Aim for Major Interest Rate Cuts in 2024, Says BIS Chief
Federal Reserve and European Central Bank are set for major interest rate cuts, with BIS Chief Carstens noting progress in addressing inflation while cautioning central bankers to remain vigilant.
Swiss Banking Giant UBS Intends to Broaden Business Footprint in the US
Swiss banking giant UBS intends to seek merger and acquisition opportunities in the United States in the years ahead.
Latest News
After the US House and Senate overwhelmingly voted for a TikTok ban bill, concerns of potential retaliation from China emerged, particularly those heavily reliant on the Chinese market like Apple and Tesla.
The recent settlement announced by the National Association of Realtors is set to address concerns about inflated home prices and introduce fairer practices, including negotiable commissions and increased transparency, benefiting both buyers and sellers.
Microsoft is prompting users to switch to Bing by injecting pop-up ads into Google Chrome on Windows, causing users to question their legitimacy and intrusiveness.
Apple's acquisition of DarwinAI hints at the company's interest in AI technology in their future products, with analysts thinking this could make iPhones improve faster and make Apple stronger in the AI market.
Google's new billing system violated competition law, CCI claims. Now, DG has been ordered to start a probe.
The cause of worldwide system outages felt by several McDonald's franchises is still not clear as the restaurant chain refrained from explaining the details.
Nissan Mulls EV Partnership With Honda to Form Powerful Japanese Alliance to Take on Overseas Rivals
Nissan Motor is reportedly considering approaching Honda Motor for a partnership on key components for electric vehicles (EVs).
The US Food and Drug Administration (FDA) has approved Madrigal Pharmaceuticals' Rezdiffra, the first drug to treat serious liver disease.
After President Joe Biden voiced opposition to the $14.1 billion plan of Japan's Nippon Steel to acquire US Steel, the Japanese firm said it is committed to pursuing the buyout deal.
