Ford’s CEO and CFO took a drive in a Chinese EV. What they said next reveals a lot about the state of the US auto industry.
“These guys are ahead of us,” Ford CFO John Lawler told the company’s CEO Jim Farley after the two took a test drive in a Chinese electric SUV. Ford’s C-suite executives were left humbled by China’s electric vehicle makers after taking a test drive in a Chinese-made EV last year, The Wall Street Journal reported…
Delta is reminding prospective flight attendants that they must wear ‘proper’ underwear to their interviews
“In the interest of transparency and clarity for all perspective candidates we are encouraging people to ‘dress for success,’” Delta said. Delta Air Lines has told prospective flight attendants participating in the company’s latest interview rounds that they must wear “proper” underwear. A leaked document detailing the airline’s “appearance requirements” for applicants interviewing to work…
Fisker owners who paid up to $70,000 for malfunctioning EVs are told they might have to pay for recall repairs, too
The Fisker Ocean. Fisker owners who paid up to $70,000 for the bankrupt startup’s malfunctioning electric vehicles have a new headache to deal with. In an FAQ posted on Fisker’s website Sunday, the company said Fisker owners would have to pay the repair costs for two outstanding recalls facing its Ocean electric car. Fisker said…
Boeing execs barred from flying business class to save money during strike
30,000 Boeing workers voted to go on strike on Friday after rejecting a new labor contract. Boeing’s executives have been barred from flying business class as the company battles to cut costs amid an ongoing strike. In a memo to employees on Monday, which has been viewed by B-17, Boeing CFO Brian West laid out…
New home sales saw the biggest burst of activity in August since 2022, MBA says
The housing market is seeing a fresh burst of activity as mortgage rates edge lower. That’s evident from the wave of buyers who are diving into the market for new homes after being sidelined by waning affordability in recent years. New home sales climbed nearly 15% in August, according to data from the Mortgage Bankers…
A millennial couple who moved to South Korea says $400 a month for full-time childcare is a huge perk
Chris Oberman said he and his wife were pleasantly surprised by South Korea’s “really cheap” childcare costs. About 10 months ago, Chris Oberman and his wife welcomed their first child together. They’re learning how to be parents in an unfamiliar environment, but there’s one thing that could work in their favor: low childcare costs. Since…
Snapchat unveils new features to recruit more creators and land them paid brand deals
Brooke Berry has worked at Snapchat for almost four years and took to the stage on Tuesday to highlight new initiatives. If Brooke Berry had two minutes with you alone in an elevator, she’s “90%” confident she could convince you to start posting on Snapchat every day. The head of Snap creator development’s power of…
The US economy is strong enough that Fed rate cuts aren’t even warranted, JPMorgan strategist says
U.S. Federal Reserve Board Chairman Jerome Powell. This week, the Federal Reserve is expected to decide on the size of its highly-anticipated rate cut. Traders are pricing in a 100% chance of a cut and are merely debating how big it might be. Yet, one strategist says a rate cut isn’t necessary at all given…
Bitcoin is surging on hopes rate cuts will drive a speculative rush
The end-of-summer doldrums may be over for bitcoin. The token’s price climbed as much as 6.4% to $61,337 on Tuesday, its biggest intraday jump since August 8. Investors are anticipating the Federal Reserve’s long-awaited rate cut tomorrow, which will be announced at the end of the central bank’s two-day policy meeting. Markets are still unsure…
