Ford says that it rehired hundreds of auto industry veterans after realizing that an overreliance on AI caused some expensive headaches at the company. The carmaker folded 350 “gray beard” engineers into its workforce over the last three years, including many former Ford workers who were hired to troubleshoot the company’s infamous reliability woes, Bloomberg reports. Ford COO Kumar Galhotra said that the carmaker “had been relying more and more on automated quality systems,” but AI wasn’t meeting the company’s standards for reliability. With computers not cutting it, Ford “brought back technical specialists [who can] hunt for failure points before…
Author: Staff Writer
The White House on Friday unveiled a limited-edition U.S. passport design to mark the 250th anniversary of the adoption of the Declaration of Independence. Dubbed the “Patriot Passport,” it features a portrait of President Donald Trump hunched over the Resolute Desk and scowling at the viewer, with the historic document partially obscured behind him. Trump’s portrait is based on a photo by White House photographer Daniel Torok. His signature is shown below, written about as large as—if not larger than—John Hancock’s would be. [Screenshot: The White House/X.com] The opposite page shows detail from John Trumbull’s 1818 painting Declaration of Independence,…
President Trump must be getting used to throwing parties that not many people show up for, as the crowd for the days-long celebration for the country’s 250th anniversary looks thin. Leading up to the semiquincentennial, the Trump administration has embarked on a series of projects in the nation’s capital to celebrate this July 4—from painting the Lincoln Memorial Reflecting Pool “American flag blue” to hosting a UFC cage fight in the White House’s backyard. But none are quite as grand as the one taking over the National Mall: the Great American State Fair. And yet, nearly a week in its…
At a moment when companies are clamoring to embrace AI—in no small part to capture the attention of shareholders—Ford executives made a rather surprising confession. On a press call last week, the automaker admitted that its issues with quality control could not be resolved with AI. Ford logged a record number of recalls in 2025, and the company has already issued 51 recalls to date this year, significantly more than its peers. But the company highlighted its performance in an annual survey that measures initial vehicle quality, which put Ford well ahead of its mass market competitors—up from its 10th…
ASIA: The major Asian stock markets had a mixed day today: • NIKKEI 225 increased 107.23 points or 0.15% to 69,468.11 • Shanghai increased 46.637 points or 1.16% to 4,073.902 • Hang Seng increased 354.82 points or 1.57% to 23,026.68 • ASX 200 increased 59.20 points or 0.68% to 8,823.40 • SENSEX decreased 372.10 points or -0.48% to 76,728.37 • Nifty50 decreased 109.75 points or -0.46% to 23,946.25 The major Asian currency markets had a mixed day today: • AUDUSD decreased 0.0005 or -0.07% to 0.68902 • NZDUSD increased 0.00138 or 0.24% to 0.56528 • USDJPY increased 0.205 or 0.13%…
JPMorgan Chase announced on Thursday that it would promote two executives to newly created co-president roles amid CEO Jamie Dimon’s succession plan. Marianne Lake, the CEO of JPMorgan’s consumer and community banking division and a potential successor of Dimon, has left the company. Doug Petno and Troy Rohrbaugh, the new co-presidents, are no strangers to sharing power. Since 2024, the two have co-led JPMorgan’s commercial and investment banking divisions. Now, Petno will take on being the only chief executive of the commercial and investment banking division, while Rohrbaugh will take over Lake’s position to lead the consumer and community banking division.…
On the soccer field, athletes sporting official gear from the likes of Nike and Adidas might be the norm. But on the sidelines, it’s bootleg merch by independent designers that is dressing stylish fans during the World Cup. Designing an official kit for the World Cup comes with many rules and regulations that outline just how creative a design can be. For instance, official jerseys cannot be sleeveless, branding and logos have size and placement limitations, and the only uniform that can stray from the official team colors is that of the goalie. But none of that matters to some…
I don’t remember the valuation of the deal. I don’t remember most of the presentations. I don’t even remember many of the people who were in the room. But more than 20 years later, I still have a candle from the hotel. I was in my early 20s working as an investment banker on a transaction in Paris. That may sound glamorous, but I barely saw the city. Instead, I spent my days in windowless conference rooms, reviewing spreadsheets and legal documents, and operating on too little sleep. Every evening, though, I returned to the same hotel. And as I…
In the race between the U.S. and China to develop artificial intelligence, the battle over hardware and computing power is heating up as Chinese companies like Huawei overtake global industry leaders like Nvidia in their home market.Jensen Huang, the CEO of computer chip giant Nvidia, was mobbed by onlookers as he hit the streets for the “zhajiangmian” noodles while visiting Beijing during U.S. President Donald Trump’s May summit with Chinese leader Xi Jinping. But his celebrity status has not translated into success in selling Nvidia’s advanced chips in China.Controls imposed by Washington on exports of advanced technology due to national…
MAHA is shaking up your bag of M&M’s. Starting in August, select packages of the iconic candy sold exclusively on Amazon will no longer include the colors blue or brown. That’s because candy maker Mars will begin what’s expected to be a two-year process of transitioning away from its use of artificial dyes in lieu of dyes made from natural sources. You don’t have to say goodbye to blue and brown M&M’s chocolates entirely—they’ll still be included in products sold elsewhere online and in stores—but the less-colorful bags of candy are related to Health Secretary Robert F. Kennedy Jr.’s “Make…