Boeing will burn through cash this year and deliveries of new planes won’t improve in the second quarter from the first, as the manufacturer deals with a host of production challenges tied to its bestselling planes, the company’s CFO, Brian West, said Thursday. A month ago, West forecast Boeing would generate free cash flow “in the […]Read More
Tesla CEO Elon Musk said that he doesn’t support President Biden’s recent announcement of a tariff on Chinese-made electric vehicles. “Neither Tesla nor I asked for these tariffs,” Musk said in response to a question from CNBC’s Karen Tso during a question and answer session at the VivaTech conference here on Thursday. “In fact, I was surprised when they were […]Read More
Many live music fans likely met the news that the U.S. Justice Department is seeking to break up Ticketmaster and its parent company Live Nation with glee. Long the subject of consumer complaints, angst toward the two companies reached a crescendo in 2022 when Bruce Springsteen fans were confronted with so-called “dynamic pricing” that saw […]Read More
Soaring auto insurance costs have been a principle driver behind inflation over the past year, but there could be relief on the way, according to Bank of America. The bank’s economists see several driving factors behind the run-up in costs to ease in the months ahead, possibly taking some of the heat off a category […]Read More
The next frontier for the ad market isn’t on TV — it’s at screens near points of sale. Television had long been the key target for advertisers, until tech companies such as Alphabet and Meta-owned platforms like Facebook began to gobble up market share. While ad dollars are rapidly shifting from traditional TV to streaming, retail and consumer […]Read More
Angry that your favorite Red Lobster closed down? Wall Street wizardry had a lot to do with it. Red Lobster was America’s largest casual dining operation, serving 64 million customers a year in almost 600 locations across 44 states and Canada. Its May 19 bankruptcy filing and closing of almost 100 locations across the country […]Read More
Special counsel Jack Smith filed court papers Friday asking a judge to order Donald Trump not to make any further incendiary claims suggesting that FBI agents were “complicit in a plot to assassinate him.” In the filing to U.S. District Judge Aileen M. Cannon, Smith argues Trump’s statements earlier this week exposed FBI agents involved […]Read More
Two Democratic senators are calling on Chief Justice John G. Roberts Jr. to take immediate steps to ensure that Justice Samuel A. Alito Jr. does not participate in a pair of Supreme Court cases related to the 2020 presidential election and the Jan. 6, 2021, attack on the U.S. Capitol. This post appeared first on […]Read More
Nikki Haley’s bid for the Republican nomination was not as simple as it has often been perceived. It involved a number of different and conflicting motivations: depicting Donald Trump as unelectable, enticing Trump supporters to consider her candidacy and walking the fine line between challenging Trump and establishing her position as his electoral successor. She […]Read More
In an immediate sense, it doesn’t matter at all whether Americans think Donald Trump is guilty of the charges filed against him in New York. That legal determination will be made by the 12 New Yorkers tapped to show up everyday and hear the attorneys’ arguments and consider the evidence. This post appeared first on […]Read More
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