Ford CEO says UAW holding labor deal ‘hostage’ over fate of battery plants
By David Shepardson WASHINGTON (Reuters) – Ford Motor Chief Executive Jim Farley on Friday accused the United Auto Workers union…
Day: September 29, 2023
Robinhood sees $100 million costs tied to regulatory issues in third quarter
(Reuters) – Robinhood Markets expects a $100-million charge in the third quarter to resolve some legal and regulatory matters that…
Automakers say they face $14 billion in fines from Biden’s ‘unfeasible’ fuel rules
By David Shepardson WASHINGTON (Reuters) – The Biden administration proposal to hike fuel economy standards through 2032 is not feasible…
Nike shares jump on leaner inventory, better margins outlook
By Savyata Mishra (Reuters) -Nike shares climbed as much as 11% on Friday as the company further trimmed its inventory…
Factbox-US government shutdown: What closes, what stays open?
(Reuters) -U.S. government services would be disrupted and hundreds of thousands of federal workers would be told not to work…
Tesla’s deliveries expected to fall on plant shutdowns, soft demand
By Aditya Soni (Reuters) – Tesla may miss estimates for third-quarter deliveries due to planned factory shutdowns and soft demand…