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☆ Chinese tech startups quietly stop testing driverless cars on Californian roads
▼ + stars: | 2024-02-14 | by ( Tom Carter | ) www.businessinsider.com time to read: +5 min

Read previewChina’s leading ride-hailing firm has dropped out of a program that allows it to test self-driving vehicles on Californian public roads. Ride-hailing giant Didi has withdrawn from California’s autonomous vehicle testing program, according to the California Department of Motor Vehicles, as several rival Chinese firms also scaled back their self-driving operations in the state. Future Publishing/Getty imagesDidi is not the only Chinese company that appears to be scaling back autonomous vehicle testing in California, or pulling out entirely. That's a significant decline from the previous year, when Chinese autonomous vehicle companies conducted over 450,000 miles of testing. AdvertisementHe said that public backlash toward autonomous vehicles in cities like San Francisco had increased the risks of negative PR for companies testing the technology on public roads.

Persons: —, Didi, WeRide, AutoX —, That's, Sesame, Bob Latta, Cruise, that's, ” John Helveston, ” Helveston Organizations: Service, California Department of Motor Vehicles, Business, DMV, Baidu, Future Publishing, Pegasus Technology, NBC, Republican, Anadolu, Getty, George Washington University Locations: California, Shanghai, China, Jiaxing, San Francisco

☆ Stocks making the biggest moves midday: JetBlue Airways, Shopify, Biogen and more
▼ + stars: | 2024-02-13 | by ( Hakyung Kim | ) www.cnbc.com time to read: +4 min

Shopify — The e-commerce company saw shares slide more than 10% after it gave a mixed forecast for the current quarter. The company did beat fourth-quarter earnings and revenue estimates. Arista Networks — The computer networking stock fell 4% despite topping fourth-quarter estimates. Marriott International — The hotel chain stock declined 5.7% after missing fourth-quarter revenue estimates. Biogen — The biotechnology stock slumped more than 6% after missing Wall Street's fourth-quarter estimates as revenue and profit declined from a year ago.

Persons: WK Kellogg, Shopify, Goldman Sachs, Marriott's, ZoomInfo, Carl Icahn, Wall, Tripadvisor, Horton, Lennar, Bruker, Microstrategy, CleanSpark, —, Macheel, Samantha Subin, Yun Li, Sarah Min, Alex Harring Organizations: Arista Networks, Marriott, ZoomInfo, —, LSEG, JetBlue Airways —, Hasbro, &, Toll, Cadence, Systems, Cadence Design Systems, Miners, Iris Energy

☆ Factbox-The Health of Britain's King Charles: Sporting Accidents to Cancer Diagnosis
▼ + stars: | 2024-02-06 | by ( Feb. | At A.M. | ) www.usnews.com time to read: +4 min

LONDON (Reuters) - Britain's King Charles, 75, has been diagnosed with a form of cancer and will receive out-patient treatment for the condition for an unspecified period. The king has enjoyed good health for most of his life but he is no stranger to hospitals. 1990After falling from his horse during a polo match, Charles suffered two fractures in his right arm. He needed an operation later that year after one of the fractures failed to heal. 2001Another fall from a horse left him with a fractured small bone in his shoulder.

Persons: Britain's King Charles, Queen Elizabeth, Charles, Hugh Lindsay, COVID, Charles's, Harry, William, Michael Holden, Sarah Young, Ed Osmond Organizations: Great Ormond Street Hospital, Windsor, Ascot, BAe, Buckingham Palace Locations: Great, Florida, Switzerland, Klosters, Scotland, London

☆ I visited Mackinac Island, the most beautiful island in the Midwest where no cars are allowed
▼ + stars: | 2024-01-29 | by ( Molly O'Brien | ) www.businessinsider.com time to read: +5 min

Mackinac Island is in Lake Huron in Michigan and it feels like it's part of a fairy-tale. The island's Grand Hotel is famous and has fancy dinners, high tea, and some formal dress codes. AdvertisementThere are a few places to stay, but the historic Grand Hotel is worth a visit no matter whatThe Grand Hotel looks gorgeous at sunset. Molly O'Brien for InsiderIt's also worth visiting Mackinac Island State Park, which offers miles of walking trails, woods, and the signature limestone Arch Rock formation. Molly O'Brien for InsiderWhen you're downtown, grab some famous Mackinac Island fudge at one of the sweet shops on the main street.

Persons: —, mack, It's, Molly O'Brien, there's, There's, William Vanderbilt Organizations: Service, Historic Landmark, Surrey Hill, Wings, Mackinac Butterfly Conservatory Locations: Mackinac, Lake Huron, Michigan, Lower, Mackinaw City, Fort Mackinac, Rock

☆ Tencent's Riot Games division cuts 11% of staff to 'create focus'
▼ + stars: | 2024-01-22 | by ( Jordan Novet | ) www.cnbc.com time to read: +3 min

Tencent's Riot Games unit said Monday it's eliminating 11% of its workforce, or about 530 jobs, and scaling back on its division that publishes games from small developers. Eric Shen will become Legends of Runeterra's executive producer, replacing Dave Guskin, accroding to a blog post from Guskin, who said he'll work on other Riot games. Tencent, based in China, invested in Riot Games in 2011 and became its outright owner four years later. In September, Tencent-backed Epic Games announced it was cutting 16% of its staff. Shares slid 12% in late December after China announced new rules designed to limit excessive gaming.

Persons: Ma, we've, Dylan Jadeja, that's, Nicolo Laurent, Eric Shen, Dave Guskin, Jadeja, Tencent's, Tencent Organizations: Tencent Holdings Ltd, Tencent's, Google, League of, Riot Games, Microsoft, Activision Blizzard, Sony, Epic Games, China Locations: Guangdong, Hong Kong, Macao, Bay, China, Guskin, Forge, Los Angeles, Tencent

☆ Prefab Homebuilder Veev Wanted to Fix the Housing Crisis. Here's What Went Wrong.
▼ + stars: | 2024-01-05 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +14 min

Veev also promised they would be green and less expensive, thanks to its factory process. The Veev representative said "no employee was requested to do so as a policy." The Veev representative said "production lines were not idle," and design errors were inevitable because the company was still testing its product. "While the Series D money was committed, not all of it was received," the Veev representative said. "Veev and Lennar made a joint decision to stop building the Gramercy project," the Veev representative wrote.

Persons: Henry Ford, Veev, Lennar, Elon, Veev Veev, Amit Haller, Ami Avrahami, Dafna Akiva, Haller, Ari Rauch, Rauch, Bond, Calcalist, I've, Scott Long, thatit, Long, Veev's Organizations: Federal Reserve, Business, Katerra, Industry, American, BI, NSF, Fortune, Employees, Dow Chemical, Lennar, Gramercy, Hayward, Wall LLC Locations: Hayward , California, homebuilding, San Carlos , California, Tel Aviv, California

☆ Elon Musk heats up the AI wars. He's seeking $1 billion for xAI.
▼ + stars: | 2023-12-05 | by ( Aaron Mok | ) www.businessinsider.com time to read: +3 min

Elon Musk wants to raise up to $1 billion for his AI startup xAI, according to an SEC filing. AdvertisementElon Musk is looking to raise up to $1 billion to help fund his AI startup xAI. And this isn't Musk's first foray into AI: Years before the billionaire launched xAI, Musk actually cofounded OpenAI with Sam Altman in 2015. But in 2018, Musk left OpenAI because his offer to run the company was rejected, he's said. It comes as there's a lot of money sloshing around AI: OpenAI has reportedly been seeking a share sale that could value it at $90 billion.

Persons: Elon Musk, xAI, —, Elon, ChatGPT, Bard, Meta, Grok, Twitter —, Musk, Sam Altman, he's, Altman, OpenAI, xAI didn't Organizations: SEC, Service, Microsoft, Google, Twitter, Securities and Exchange Commission Locations: —, OpenAI

☆ 2023 has been an AI feeding frenzy, here are the startups that attracted the most investment this year
▼ + stars: | 2023-12-04 | by ( Darius Rafieyan | ) www.businessinsider.com time to read: +7 min

Despite an overall slump in startup funding, 2023 saw a scramble among investors to pour money into AI and machine learning startups. And the company's star still appears to be rising, despite a messy leadership struggle that recently spilled into public view. Meanwhile OpenAI's perennial rival Anthropic attracted multi-billion dollar investments from both Google and Amazon to fund a competing AI model known as Claude. At the same time legacy companies from John Deere to accounting firm PwC played up their AI bona fides to capitalize on the hype. The list doesn't include startups who have not publicly released the amount of their funding rounds.

Persons: OpenAI, Anthropic, Claude, Databricks, John Deere, PwC, Fresh Organizations: Microsoft, Google, Alpha, Technology, Monogram, Sigma, Lambda, Helsing, Metals, Eagle Eye, Amelia, Asimov, Farmers Business, Harbinger, Prins, Silo, Mistral, Alto, AMP, Management Software, Universal, Coro, Kodiak Robotics, Aerospace, Defense, Sana, Corti, Kyte, Mitra, Tech, Boss Digital Technology, Halcyon, & $ Locations: PitchBook

☆ Menswear styles suited for the season
▼ + stars: | 2023-11-30 | by ( Sponsor Post | Created Insider Studios | ) www.businessinsider.com time to read: +4 min

This iconic shirt is not only a great gift for a loved one, but also a perfect excuse to treat yourself. Impress at the office holiday partyWhat makes special occasions, well, special, is a break from the ordinary — and what you wear contributes to that extra flair. For your annual office holiday party, retire the clothes you wear for virtual meetings or office visits. Browse all your favorite styles from Polo Ralph Lauren's Holiday collection here. This post was created by Insider Studios with Polo Ralph Lauren.

Persons: Polo Ralph Lauren, grandma, It's, Cotton Chino Ball, you've, Polo Ralph Lauren's suede, Sullivan Slim Polo, Jean, Whitman, Polo Ralph Lauren's, Gus Powell, Tiffani Williams Organizations: Oxford, Polo, Plaid, Sullivan, Insider Studios Locations: Cashmere, Cardigan, cardigan

WHAT'S HAPPENED SINCE THE LAST ONEThe world has gotten hotter since last year’s conference in Egypt. Burning fossil fuels that sends carbon into the atmosphere remains the main cause of global warming, and production continues to grow. Climate campaigners say efforts to develop wind, solar and other alternative energies are not going fast enough. Global warming has vast implications: It can upend local economies, worsen weather patterns, drive people to migrate, and cause havoc for Indigenous peoples who want to retain their traditional cultures, among many other impacts. Many want to know if oil-rich Gulf states will pony up more money to help developing countries adapt to climate change and switch to greener technologies.

Persons: ”, Petteri Taalas, Daniel, Hurricane Otis pummeled, King Charles, Narendra Modi, John Kerry, Olaf Scholz, Pope Francis, Sultan al, Jaber, Antonio Guterres Organizations: United Arab Emirates, Hamas, United, 28th “ Conference, Hurricane Otis, Indian, Cargill, AP Locations: DUBAI, United Arab, Israel, Dubai, United Arab Emirates, COP28, WHAT'S, Egypt, Brazil, India, Libya, Hurricane Otis pummeled Mexico, Europe, Paris, Abu Dhabi, Tokyo, Tegucigalpa, Timbuktu, Ukraine, Gaza, Antarctica, Argentina, Uruguay, ___

☆ A tiny ancient elephant that roamed Sicily 200,000 years ago had babies the size of pet dogs
▼ + stars: | 2023-11-24 | by ( Maiya Focht | ) www.businessinsider.com time to read: +4 min

Over a hundred years ago, in the late 19th century, researchers discovered the bones of an ancient elephant in Sicily, near Syracuse. AdvertisementExtreme elephant evolutionThe juvenile Sicilian dwarf elephant. AdvertisementWhy did this ancient elephant get so tiny? One group of giant straight-tusked elephants moved to Sicily about 200,000 years ago. Understanding cases like the Sicilian dwarf elephant helps scientists better understand evolution as a whole, Van der Geer, said.

Persons: —, might've, Alexandra van der Geer, It's, Van de Geer, Ross MacPhee, MacPhee, there's, Van der Geer Organizations: American Museum of, Service, Leiden University Locations: Sicily, Syracuse, NYC, Netherlands, Europe, European

ROCHESTER, N.Y. (AP) — Fans have pushed the Fisher-Price Corn Popper into the National Toy Hall of Fame, elevating it from perpetual finalist to 2023 inductee, alongside baseball cards, Cabbage Patch Kids and NERF foam toys, the Hall of Fame announced Friday. Baseball cards, Cabbage Patch Kids and NERF toys were voted in in the usual way from among a field of 12 finalists, with input from a panel of experts. The winners are on permanent display at the National Toy Hall of Fame, which is located inside The Strong National Museum of Play in Rochester, New York. Cabbage Patch Kids continue to encourage imagination and storytelling for kids. Fisher-Price Corn Popper, which is a forgotten finalist no longer, is a great activity for toddlers," Bensch said.

Persons: Price, Popper, Fisher, Ken, Barbie, ” Christopher Bensch, Price Corn Popper, Bensch, “, grownups Organizations: National Toy Hall of Fame, of Fame, Fame's, Toy Hall of Fame, Museum of Locations: ROCHESTER, N.Y, Rochester , New York

☆ The Workers Who Make Your Clothes Want Higher Pay. Who Should Pony Up?
▼ + stars: | 2023-11-05 | by ( Jon Emont | Refayet Ullah Mirdha | ) www.wsj.com time to read: 1 min

DHAKA, Bangladesh—The armies of people who make clothes for Western brands—some of the lowest-paid factory workers in the world—are protesting for better wages, a fresh sign that the era of ultracheap labor, and ultracheap clothes, on which many companies rely is increasingly under strain. Garment workers in Bangladesh make as little as $3 a day, or about $75 a month. In recent days, tens of thousands have refused to work, calling for the minimum wage to be raised to nearly three times that amount. Demonstrations have spiraled, with factories set ablaze and machines smashed. Some three hundred factories were forced to stop operations.

Locations: DHAKA, Bangladesh

SAN FRANCISCO (AP) — Ford on Thursday reported significant growth in the third quarter, although its financial results fell short of Wall Street estimates. The results came out just a day after Ford reached a tentative contract agreement with the United Auto Workers union. The Ford deal could set the pattern for agreements with the other two automakers, where workers will remain on strike. The UAW called on all workers at Ford to return to their jobs and said that will put pressure on GM and Stellantis to bargain. Shares in Ford Motor Co., which is based in Dearborn, Michigan, were down 3.4% in after-hours trading following the earnings report.

Persons: — Ford, Ford, John Lawler, Lawler, “ We’re, ”, Farley, Kumar Galhotra, “, Shawn Fain, Tom Krisher Organizations: FRANCISCO, Ford, EV, United Auto Workers, General Motors, UAW, Ford Motor Co, Associated Press Locations: Kentucky, Marshall , Michigan, Dearborn , Michigan, Detroit

☆ Hasbro, Mattel shares plunge as toymakers forecast a lackluster holiday season
▼ + stars: | 2023-10-26 | by ( Drew Richardson | ) www.cnbc.com time to read: +2 min

Shares of Hasbro and Mattel sank on Thursday, as both toymakers suggested sales will slow in the fourth quarter. The companies face challenges entering the critical fourth quarter, they said as they separately reported third-quarter earnings. Toys and games, products both Hasbro and Mattel are known for, could be on the chopping block this season as consumers watch their spending. Mattel's implied fourth quarter guidance on toy sales offered Wednesday also spooked Wall Street, despite its strong third-quarter results. Hasbro's revenue fell 10% for the quarter compared to the year-ago period, largely driven by decreases in its consumer and entertainment segments.

Persons: Chris Cocks, Mattel's Organizations: Hasbro, Mattel, Citi Research, LSEG, Lionsgate

☆ Cramer's Lightning Round: AT&T is 'not my favorite'
▼ + stars: | 2023-10-24 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

Stock Chart Icon Stock chart icon Moderna's year-to-date stock performance. Stock Chart Icon Stock chart icon Planet Fitness's year-to-date stock performance. Stock Chart Icon Stock chart icon AT&T's year-to-date stock performance. Stock Chart Icon Stock chart icon Leonardo DRS's year-to-date stock performance. Stock Chart Icon Stock chart icon Marathon Digital's year-to-date stock performance.

Persons: they've, I'm, Wynn, Leonardo DRS's, Leonardo DRS Organizations: MGM Resorts, Mobile

☆ Founder of discount e-shopping firm PDD races up China's rich list
▼ + stars: | 2023-10-24 | by ( Casey Hall | Thomson Reuters | Casey Has Reported On China'S Consumer Culture Her Base In Shanghai For More Than A Decade | ) www.reuters.com time to read: +3 min

Colin Huang, who founded PDD in 2015 and stepped down as CEO in 2020, was the fastest riser in this year's Hurun Rich List, leaping seven places to be ranked China's third richest man with a $37.2 billion fortune. Richard Liu, who founded e-commerce giant JD.com, also saw his wealth, and that of his wife Zhang Zetian, fall by $6.2 billion since last year to $8.26 billion, according to Hurun's list. JD.com's shares fell to a record low earlier this month after banks cut its price targets citing a weaker-than-expected recovery in consumer spending. Hui Ka Yan is currently being investigated over suspected "illegal crimes", Evergrande said last month. Reporting by Casey Hall; editing by Brenda Goh and Miral FahmyOur Standards: The Thomson Reuters Trust Principles.

Persons: Colin Huang, Yin Liqin, Rich, Jack Ma, Alibaba, Richard Liu, Zhang Zetian, Rupert Hoogewerf, PDD's Temu, Zhong Shanshan, Pony Ma, Hurun, Wang Jianlin, Hui Ka Yan, Evergrande, Casey Hall, Brenda Goh Organizations: Nasdaq, REUTERS, Rights, PDD Holdings, PDD, HK, Hurun, Dalian Wanda Group, China Evergrande, Thomson Locations: New York, Shanghai, China

☆ Beijing takes 'golden share' in a Tencent subsidiary, records show
▼ + stars: | 2023-10-19 | by ( Josh Ye | ) www.reuters.com time to read: +3 min

A man rides an electric bike past the Tencent headquarters in Nanshan district of Shenzhen, Guangdong province, China September 2, 2022. Tencent, the world's largest video game company and the operator of the WeChat messaging platform, declined to comment. Shenzhen Yayue Technology, whose business involves information technology and internet services, was previously 100% owned by a Tencent subsidiary before the stake change took place on Wednesday, according to Qichacha. The Financial Times first reported Beijing's plan to acquire a golden share in a Tencent subsidiary earlier this year. In the case of ByteDance, the Chinese government took a board seat in Beijing ByteDance Technology with its 1% stake.

Persons: David Kirton, Ma, Josh Ye, Brenda Goh Organizations: REUTERS, Tencent Holdings, HK, Shenzhen Yayue Technology, Oc, China Internet Investment Fund, Alibaba, Reuters, Financial Times, Beijing ByteDance Technology, Thomson Locations: Nanshan district, Shenzhen, Guangdong province, China, HONG KONG, Shenzhen Yayue, TikTok, Beijing

☆ How the NBA Plans to Remake TV Deals and Net Billions of Dollars for Its Stars
▼ + stars: | 2023-10-18 | by ( Amol Sharma | Isabella Simonetti | ) www.wsj.com time to read: 1 min

The NBA wants to secure a big increase in media-rights fees—to help pay its star players—but its biggest TV partners aren’t looking to pony up big spending increases. Photo: Rocky Widner/NBAE/Getty Images)The stars of the National Basketball Association are taking to the court as a new season begins next week. Behind the scenes, the league has started talks to secure the billions of dollars in media-rights fees that will help pay their huge salaries. As the NBA enters its first media negotiations in a decade, its biggest partners, Disney ’s ESPN and Warner Bros. Discovery ’s TNT—which together pay about $2.6 billion a year— aren’t looking to pony up big spending increases.

Persons: Rocky Organizations: NBA, National Basketball Association, Disney ’, ESPN, Warner Bros, TNT

☆ These are the 50 best bars in the world for 2023 — another Barcelona bar tops the list
▼ + stars: | 2023-10-18 | by ( Quek Jie Ann | ) www.cnbc.com time to read: +6 min

SINGAPORE — Sips in Barcelona, Spain is the best bar in the world, according to this year's ranking by the 50 Best organization. The World's 50 Best Bars were announced at an awards ceremony in Singapore on Tuesday evening — the first time the ceremony was held in Asia. The annual ranking is published by William Reed Business Media, a U.K.-based company that also publishes "The World's 50 Best Restaurants" list — and in a first, "The World's 50 Best Hotels," published in September. The 50 Best organization has published an annual ranking of "The World's 50 Best Bars" since 2009, with London and New York dominating the lists ever since. Courtesy of The World's 50 Best Bars

Persons: William Reed, Sips, Marc Álvarez, Frida Calho, Sydney –, Madrid, Rome Hanky, Kitten, Scotland Mimi Kakushi, Renato, Simone Caporale, Röda, Apoorva Kohli Organizations: Sips, Mexico City, William, William Reed Business Media, CNBC, South America, United Arab Emirates, Barcelona Connaught Bar, South America Himkok, Greece BKK Social, Salmon Guru, Hong, Buenos Aires Röda Huset, SG Club, Cambridge Public House, Sons, Africa Scarfes Bar, Milan Carnaval, Bar, Athens Atlas, American, Asia Locations: SINGAPORE, Barcelona, Spain, Singapore, Asia, New York, Mexico, U.K, London, Sips, Europe, North, South, Australia, Dubai, United Arab, South America, Oslo, Norway, Seoul, North America, Paradiso, Paris, Limantour, London Alquímico, Cartagena, Columbia, Buenos Aires, Argentina, Athens, Greece, Bangkok, Pony, Salmon, , New York, Hong Kong, Rome, Rome Hanky Panky, Melbourne, Trova, Miami Baba, Rum, Athens CoChinChina, Berlin, Stockholm, Tokyo, Edinburgh, Scotland, United Arab Emirates, Middle East, Milan, Lima, Peru L'Antiquario, Naples, Italy, Mexico City, Firenze, Florence, , New Orleans, Gleneagles, Auchterarder, Röda Huset, New Delhi, Alquímico

☆ ‘World’s best’ bar for 2023 is revealed
▼ + stars: | 2023-10-17 | by ( Oscar Holland | ) edition.cnn.com time to read: +4 min

Singapore CNN —Barcelona has retained its grip on the World’s 50 Best Bars list as intimate cocktail joint Sips claimed the top spot at 2023’s awards. Winners were voted for anonymously by the World’s 50 Best Bar Academy, a group of 680 industry figures including bar owners, bartenders and critics. The group also coordinates the World’s 50 Best Restaurants list, which named fine dining establishment Central, in the Peruvian capital Lima, at No. World’s best bars for 20231. Baba au Rum, AthensFor the full list of the top 50, visit the World’s 50 Best Bars site.

Persons: “, ‘, Miami’s, Connaught, Sips, Simone Caporale, Marc Álvarez, ” Caporale, mixologist, ” William Reed, Licorería, Sammy, Salmon, Hanky, Café Organizations: Singapore CNN — Barcelona, Mexico City, Bar Academy, Connaught Bar, CNN, BKK Social, Sydney Locations: Singapore, London, New York, Spain, Europe, Mexico, Buenos Aires, New York City, Manhattan’s Lower, Side . Florida, Louisiana, New Orleans, Mayfair, Barcelona, Lima, Sips, Paris, Licorería Limantour, Alquímico, Cartagena, Himkok, Oslo, Athens, Bangkok, Pony, Madrid, , New York, Seoul, Hong Kong, Rome, Hanky Panky, Melbourne, Trova, Miami, Baba au Rum

☆ Bill Ford calls on UAW to 'stop this now'
▼ + stars: | 2023-10-16 | by ( Vanessa Yurkevich | ) edition.cnn.com time to read: +2 min

CNN —Bill Ford, the executive chair of Ford Motor Company, made his first public comments since negotiations began with the United Auto Workers union and the Big Three automakers. He called on the UAW to “stop this now,” and bring an end to talks. But I will never consider our employees as enemies,” Ford said Monday at Ford’s Rogue Center in Dearborn, Michigan. “This should not be Ford versus the UAW. Ford said the company made a record offer to the UAW, and the strike against Kentucky Truck Plant harms tens of thousands of Americans including dealers, workers and suppliers.

Persons: Bill Ford, Ford, ” Ford, Tesla, ”, Shawn Fain, ” Fain Organizations: CNN, Ford Motor Company, United Auto Workers, Big Three, UAW, Monday, Ford, Toyota, Honda, ”, Plant, Kentucky Locations: Dearborn , Michigan, Kentucky, Louisville

[1/4] A United Auto Workers (UAW) union member wears a pin while picketing outside Ford's Kentucky truck plant after going on strike in Louisville, Kentucky, U.S. October 12, 2023. It is in discussions with GM about the parameters of a deal to include battery plant workers under a master labor agreement. Analysts at Wells Fargo estimated that Ford will lose about $150 million per week in core profit from the Kentucky plant strike. Some analysts said the decision to shut down Kentucky Truck and other high-profit Detroit Three operations is a sign that the endgame could be starting in the labor dispute. The tens of thousands of Ford workers with no retirement security."

Persons: Luke Sharrett, Shawn Fain, “ We’re, ”, Fain, We're, Ford, Jim Farley's, Farley, ” Ford, Arthur Wheaton, Stellantis, Kumar Galhotra, who's, Todd Dunn, who've, Dunn, Galhotra, David Shepardson, Joseph White, Abhirup Roy, Pushkala Aripaka, Shivansh, Amna, David Gaffen, Jamie Freed, Ben Klayman, Matthew Lewis Organizations: United Auto Workers, UAW, REUTERS, Rights, Detroit Three, Ford, Kentucky, General Motors, Chrysler, Detroit automakers, GM, Detroit, Cornell University, Reuters, Ford Bronco, EV, Thomson Locations: Ford's Kentucky, Louisville , Kentucky, U.S, F.N, Kentucky, Wells, Milan, Louisville, Ford's Michigan, Washington, Detroit, San Francisco, Bengaluru

Now there is only one rule – pony up.”The announcement marks a tactical shift, Fain said. This is the first time that the union has gone on strike against GM, Ford and Stellantis at the same time. GM, Ford and Stellatis have all announced plans to shift from traditional gasoline-powered vehicles to electric vehicles, or EVs. All are expected to pay significantly less than UAW members at those engine and transmission plants are now paid. Details of what GM has agreed upon in relation to workers battery plant workers is not yet known, as GM has not confirmed the tentative agreement on the issue.

Persons: Shawn Fain, ” Fain, Fain, “ We’re, “, they’re, ”, Colin Langan, Ford, Kumar Galhotra, didn’t Organizations: CNN, Big, UAW, Kentucky, Plant, GM, Ford, Wells, Kentucky Truck Locations: Ford’s, Louisville, Wells Fargo

Learn moreIt's rounding 8pm on Prime Day, which means our team is battle worn and loopy from 48 straight hours of covering the best Prime Day deals. Which is why when I saw this whopping 1% Prime Day discount on an Hermes Birkin, I near about blew a gasket. And today, Amazon has graciously offered us the chance to buy a used Birkin for the low low starting price of $17,300, once you clip the "coupon" for $200 off. But, yep, there it was: a little "Prime Big Deal" badge atop a picture of a teal Birkin. Suffice to say, I think it's time for me to call it quits for this Prime Day.

Persons: I'm, Hermes Birkin, Birkin TikTok, Birkin, That's, Jeffery Bezos Organizations: Amazon

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