The country’s automotive future doesn’t look as electric as carmakers had once hoped. But it doesn’t mean the EV industry is entirely dead. On Monday, Ford Motor Co. announced that it’s taking major steps to pull back on its EV-focused business road map. The automaker is scrapping plans to produce a new electric truck, repurposing an EV battery plant to produce storage for the grid, and converting its fully electric F-150 Lightning into a hybrid. It’s also planning to expand its gas and hybrid options. The strategy shift away from fully electric vehicles will cost the automaker $19.5 billion. Ford’s…
Author: Staff Writer
The latest employment numbers have dropped—and the job market still looks tough for workers. Today’s jobs report shares data from November, which was delayed due to the government shutdown that lifted last month. As jobs growth has slowed in recent months, the unemployment rate has climbed to 4.6%, up from 4.4% in September and the highest it has been in four years. Employers added only 64,000 jobs in November, and the market also shed 105,000 jobs the month prior. Wage growth has stagnated to a degree that hasn’t been seen since 2021. The jobs report seems to confirm what many…
Suzanna’s Kitchen, a Georgia-based food production company, has issued a recall of 62,550 pounds of fully cooked, bone-in breaded chicken products. The chicken, which was distributed nationwide, was recalled over mislabeling. While the product was labeled with a product code that classifies it as non-allergen-containing, the product contains soy. According to the recall notice, which was issued on December 12, the affected product is the eight-piece cut, bone-in breaded chicken portions that were produced on October 16, 2025. The U.S. Department of Agriculture (USDA) mark of inspection and establishment number printed on the side of the package is “P-1380.” According…
Robinhood is betting that its customers want to trade on absolutely everything. On Tuesday, the popular stock-trading app unveiled a slate of updates to its prediction markets business, aggressively expanding into sports. Now, Robinhood users can trade contracts tied to specific professional football players’ performances, as well as pre-packaged combos for individual games. Early next year, customers will be able to combine up to ten outcomes — such as winners, spreads, and totals — into a single, custom-built contract. Robinhood’s news site, Sherwood, is also launching a new sports newsletter, Scoreboard. Eventually, Robinhood plans to launch contracts that span not…
FIFA slashed the price of some World Cup tickets for teams’ most loyal fans following a global backlash and some will get $60 seats for the final instead of being asked to pay $4,185. FIFA said Tuesday that $60 tickets will be made available for every game at the tournament in North America, going to the national federations whose teams are playing. Those federations decide how to distribute them to loyal fans who have attended previous games at home and on the road. The number of $60 tickets for each game is likely to be in the hundreds, rather than…
ASIA: The major Asian stock markets had a negative day today: • NIKKEI 225 decreased 784.82 points or -1.56% to 49,383.29 • Shanghai decreased 43.109 points or -1.11% to 3,824.812 • Hang Seng decreased 393.47 points or -1.54% to 25,235.41 • ASX 200 decreased 36.10 points or -0.42% to 8,598.90 • SENSEX decreased 533.50 points or -0.63% to 84,679.86 • Nifty50 decreased 167.20 points or -0.64% to 25,860.10 The major Asian currency markets had a mixed day today: • AUDUSD decreased 0.00083 or -0.12% to 0.66334 • NZDUSD increased 0.001 or 0.17% to 0.57900 • USDJPY decreased 0.387 or -0.25%…
Kraft Heinz announced on Tuesday that new CEO Steve Cahillane will join the food giant to help steer its split into two companies. The former head of Kellanova joins the ailing food giant after years of declining sales and slow growth, and as shares are down 75% since 2017. In 2026, the company will split into two independent, publicly traded companies, Global Taste Elevation Co. and North American Grocery Co., with the first focused on condiments and the Heinz ketchup brand, and the second on Oscar Mayer, Kraft Singles, and Lunchables brands. Cahillane comes on board January 1, 2026 and…
If you’ve ever been to a museum or on a school field trip, you may have had a tour guide walk you through a historical exhibit of 19th century households or of ancient Mesopotamian agricultural tools. Now, a current TikTok trend suggests that one day in the future, those exhibits will be the modern workstation: standing desks, Zoom meeting headsets and all. The viral series titled “historical tour of a corporate worker’s desk” by marketing professional and content creator Heike Young imagines what that will look like. “Now in those times, it would have been really common for a corporate…
AI has now arrived at the Treasury Department. Sam Corcos, a former startup leader and Department of Government Efficiency affiliate now serving as chief information officer at the Treasury Department, appears to have approved spending at least $1.5 million on up to 3,000 licenses for ChatGPT, the OpenAI platform, federal spending records show. The agency has obligations to spend $1.5 million on the services, and has already outlaid more than $500,000 for the technology, those records show. Fast Company obtained a user agreement showing that Treasury is allowing employees to use ChatGPT for “authorized” mission purposes. Such purposes include using…
The amount of electricity data centers use in the U.S. in the coming years is expected to be significant. But regular reports of proposals for new ones and cancellations of planned ones mean that it’s difficult to know exactly how many data centers will actually be built and how much electricity might be required to run them. As a researcher of energy policy who has studied the cost challenges associated with new utility infrastructure, I know that uncertainty comes with a cost. In the electricity sector, it is the challenge of state utility regulators to decide who pays what shares…