Ford Motor Co. is idling its plant in Dearborn producing all-electric F-150 Lightning pickup trucks starting in mid-November into next year, the Dearborn automaker confirmed on Thursday. “We continue to adjust production for an optimal mix of sales growth and profitability,” spokesperson Jess Enoch said in a statement. U.S. Lightning sales are up 86% year-over-year, […]
Boeing (BA.N), opens new tab factory workers voted to reject a contract offer and continue a more than five-week strike on Wednesday, in a blow to new CEO Kelly Ortberg’s plan to shore up the finances of the struggling planemaker.The vote was 64% in opposition to the deal, which offered a 35% rise in wages […]
PepsiCo is unshrinking shrinkflation. The owner of Lay’s, Doritos, Tostitos and Ruffles chips will put more chips in some bags to claw back customers tired of higher prices with skimpier bags. Shoppers have balked at downsized chips, cookies, paper towels and other products, widely known as shrinkflation, and turned to cheaper options or stopped buying […]
True Value, a 75-year old hardware store brand, has filed for bankruptcy and is selling substantially all of its operations to a rival, the company announced Monday. In a press release, True Value said it will continue day-to-day operations of selling hardware and other homeware tools to its 4,500 independently operated locations during the Chapter […]
Get ready for holiday merchandise to hit store shelves earlier than usual this year, and for retailers to roll out seasonal promotions well before temperatures drop. Discounted pricing once reserved for Black Friday and Cyber Monday is now going into effect in early October. “Holiday creep,” the term for when retailers start selling holiday-themed items […]
The House Oversight and Accountability Committee opened an inquiry Thursday into the Federal Communications Commission’s expedited approval of a deal that would give Democrat megadonor George Soros a large stake in more than 200 U.S. radio stations, alleging the body was in an effort to “interfere in the 2024 election and politicize” a body that […]
U.S. companies that rely on East and Gulf Coast seaports have been importing early, shifting goods to the West Coast, and even putting cargo on pricey flights to hedge against a threatened Oct. 1 strike that could jam supply chains and reignite inflation ahead of the U.S. presidential election.“This is just another headache after everything […]
Three Mile Island, the site of worst nuclear disaster in the United States, is reopening and will exclusively sell the power to Microsoft as the company searches for energy sources to fuel its AI ambitions. Constellation Energy announced Friday that its Unit 1 reactor, which closed five years ago, is expected to be revived in […]
Home Depot will pay nearly $2 million to settle a civil enforcement claim from California district attorneys that the home improvement company was engaging in false advertising and unfair competition. The complaint filed in San Diego Superior Court said that when people at Home Depot brought an item to checkout, they would be charged more […]
Awoman has turned to internet viewers to frustration after dining out and receiving an unexpected fee on the check. The September 3 post, which features a photo of a 30-year-old woman’s bill, has racked up 11,000 upvotes. The bill shows three breakfast items from Paperboy restaurant in Austin, Texas, along with some drinks, totaling $64.75. […]
Walt Disney and satellite TV provider DirecTV have failed to agree a fresh distribution deal for ESPN, ABC and other Disney-owned networks, with the companies confirming Sunday upwards of 11 million DirecTV subscribers now lose access as a result. The blackout came during the U.S. Open tennis tournament and in the midst of the first […]
Prices at the pump dropped to a three-year low on Labor Day weekend and are expected to continue falling through November, reaching lows that would please drivers and favor Democratic nominee Kamala Harris in the presidential election. After reaching a peak of $3.69 per gallon in April, gas prices have been sliding down steadily in […]
