Ford CEO: It’s not too late for the US to push back against Chinese automakers
DETROIT — Ford engine CEO Jim Farley said Tuesday he believes politicians should learn from the European experience before deciding whether to allow Chinese automakers into the United States, warning that it is “too late” for that region but…
SpaceX Wins Analyst Praise, Buys Ratings After Starship 14 Flight
SpaceX stock rose Tuesday as analysts praised the landmark Starship Flight 14 mission executed Monday by Elon Musk’s rocket company. The launch marked the first orbital and revenue-generating flight for the Starship, as SpaceX strives to reuse…
Oura withdraws $15 billion from stock market listing days after announcement – BBC
Oura listed for $15 billion days after announcement BBC IPO Deferrals Accelerate in Q3, Even Beyond Oura CNBC Smart ring maker Oura delays IPO due to market uncertainty NPR Oura Joins Wave of IPO Delays as Markets Turn Fragile Reuters Smart ring maker…
Disney cuts hundreds more jobs in new round of layoffs
For months, employees at The Walt Disney Co. have been nervous. The entertainment giant has cut hundreds of jobs this year as it continues to streamline its operations. We expected more. Tuesday, the ax fell. A few hundred employees, mainly in human…
Congress supports stopping production of the cent
WASHINGTON (AP) — The U.S. Mint stopped earning money in 2025but legislation passed by the Senate and sent to President Donald Trump’s desk will officially end their production after 234 years. The bill, passed Monday night by voice vote, orders…
Smart ring maker Oura postpones IPO due to market ‘uncertainty’ | Technology
Smart ring maker Oura Inc said it was postponing its planned IPO due to market “uncertainty”. In a press release Tuesday, Oura said it was delaying the IPO “despite strong demand.” The IPO market had a strong start to the year, but slowed in…
El Pollo Loco to open its first restaurant in New York
El Pollo Loco will open its first restaurant in New York next year as the California chain seeks to become a national player. El Pollo Loco has entered into three development deals for a total of 15 restaurants in the New York area over the next five…
Disney lays off around 300 employees in latest cuts under Josh D’Amaro
Disney The company is laying off about 300 employees in its latest round of job cuts since CEO Josh D’Amaro took the helm earlier this year, according to a person familiar with the matter. The majority of the cuts were in human resources and…
Tech bull Dan Ives flags ‘shock risk’ in Anthropic IPO leak
Anthropic’s (ANTH.PVT) leaked IPO prospectus had some shocking, even terrifying, things to say about artificial intelligence. The company formally warned investors that its technology could pose “existential risks to humanity,” according to a…
“Both Can’t Be Right”: AI Faces a High-Stakes Paradox
The leaked Anthropic (ANTH.PVT) IPO prospectus has once again reminded investors of the enormous cost of developing AI. The AI lab plans to spend $518 billion in the coming years on cloud, compute and infrastructure costs, according to Reuters, after…