Ford CFO flags increase in car loan delinquencies
Consumers falling behind on their car loan payments may be the next economic domino to fall as fears of a potential recession grow.
California utilities penalized $22M over 2020 power shutoffs
California utilities were penalized with more than $22 million in fines by the state's Public Utilities Commission on Wednesday. They have 30 days to pay up.
Elon Musk wants 1 billion Twitter users, aims to replicate China's 'WeChat' model
While Elon Musk’s gargantuan $44 billion bid to buy Twitter is in limbo, he still took the time to speak and take questions from the social media giant’s employees.
Uber to expand ride reservation feature at airports ahead of busy summer travel season
In the first quarter of 2022, airport bookings represented 13% of Uber's gross mobility bookings, up 166% year over year and 15% versus pre-pandemic.
McDonald's pays 1.2B Euros in French tax evasion settlement
McDonald's will pay a $1.3 billion settlement to the French government to avoid court proceedings regarding tax evasion charges, the company announced Thursday.
Thursday's trading: 5 things to know
Here are the key events taking place on Thursday that could impact trading including Elon Musk's Twitter meeting and jobless claims.
Disney delays moving 2,000 jobs to Florida amid fight with DeSantis
Walt Disney Co. is delaying a relocation of about 2,000 employees to Florida due to construction delays, but some say the move is related to a political dispute with Gov. Ron DeSantis.
Disney offering private jet travel packages to parks for $110,000
Disney Parks Around the World's bookings will open to the public on June 28, 2022. The first flight will take off on July 9, 2023.
Ford to recall 2.9M vehicles over gear problem
A malfunctioning or missing shifter cable can cause the vehicle to improperly shift gears and possibly roll despite being parked.
Ford recalling 49,000 electric Mustang Mach-E SUVs due to power loss problem
Ford is recalling nearly 49,000 Mustang Mach-E SUVs due to a battery connector that can overheat after the use of a high voltage charger or repeated acceleration.
China competition bill in Congress gets support from more than 100 CEOs
Tech company CEOs urged Congress to pass legislation to add federal funding expanding US semiconductor manufacturing to boost US competitiveness against China.
Elon Musk votes for Mayra Flores in Texas special election, suggests he likes DeSantis for president
Tesla CEO Elon Musk revealed on Twitter that he voted for Mayra Flores in a special election in Texas, marking the first time the tech billionaire has ever cast a ballot for a Republican.
Microsoft will no longer host Internet Explorer after 27 years
Microsoft is retiring Internet Explorer on Wednesday, fulfilling last year's promise to shut down the once-dominant browser and redirecting users to its Edge browser.
UPS testing battery-powered scooter in congested cities
UPS is testing a battery-powered scooter to get packages to you while navigating congested city streets. The scooters are also better for the environment.
Stagflation fears surge to highest level since 2008, BofA survey shows: 'Sentiment is dire'
A majority of investment fund managers are forecasting sluggish growth and soaring inflation, the result of the Federal Reserve raising interest rates at the fast pace in decades.
Musk: SpaceX will have Starship rocket ready for test by next month
Responding to a tweet, SpaceX founder Elon Musk announced Tuesday that his company would have a Starship rocket ready for an orbital test flight by next month.
Microsoft agrees to remain neutral in Activision Blizzard union efforts
The tech giant's $68.7 billion acquisition of the embattled video game publisher is expected to close in fiscal year 2023.
Amazon Prime members sue over Whole Foods free delivery ending
Amazon Prime members are suing Amazon because the company didn't lower its membership price after eliminating Whole Foods free delivery in October 2021.
Piedmont Airlines, Envoy Air pilots receive pay increase amid worker shortage
Two regional airlines owned by American Airlines are giving their pilots substantial pay raises over the next two years amid struggles to hold on to pilots.
BMW to test long-range battery made by Michigan-based startup in its electric SUV
BMW is partnering with Michigan-based startup Our Next Energy to test a long-range battery in the German automaker's iX electric SUVs.


















