Ford Motor is recalling more than 197,000 Mustang Mach-E vehicles over an issue with door latches that could trap passengers inside. The National Highway Traffic Safety Administration (NHTSA) announced last week that the automaker is recalling 197,432 of the all-electric vehicles, model years 2021-2025, due to an issue with door …
Read More »The Fed is set to make its next rate decision today. Here’s what to expect.
The Federal Reserve Bank is expected to hold its benchmark rate steady at its meeting on Wednesday, maintaining the same cautious posture it has assumed throughout the first half of 2025. That’s according to the CME Group’s FedWatch Tool, which as of June 18, 2025, shows a likelihood of 99.9% …
Read More »Student borrowers’ credit scores are taking a hit. Here’s why that matters.
The Trump administration’s resumption of student loan payments earlier this month is taking a toll on many borrowers’ credit records. Credit scores dropped by more than 100 points for 2.2 million delinquent student loan borrowers from January through March of 2025, according to recent data from the Federal Reserve Bank of New …
Read More »Spirit Airlines files for bankruptcy
Spirit Airlines said Monday that it’s filed for bankruptcy protection and will attempt to reboot as it struggles to recover from the pandemic-caused swoon in travel and failed attempts to sell itself to other carriers. Spirit, the biggest U.S. budget airline, has lost more than $2.5 billion since the start …
Read More »Boeing announces plan to buy most of subcontractor Spirit AeroSystems
Boeing announced plans to acquire Spirit AeroSystems for $4.7 billion in an all-stock transaction. Spirit is part of the aerospace giant’s supply chain. Boeing, located in Arlington, Virginia, announced the purchase in a statement early Monday. Spirit is headquartered in Wichita, Kansas. At about the same time, European aerospace giant …
Read More »New issue at Boeing supplier might delay deliveries of 737s
Boeing reported another problem with fuselages on its 737 jets that might delay deliveries of about 50 aircraft in the latest quality gaffe to plague the manufacturer. Boeing Commercial Airplanes CEO Stan Deal said in a letter to Boeing staff seen by CBS News Monday that a worker at its …
Read More »Possible progress in Hollywood writers strike talks
Negotiations aimed at settling the four-and-a-half-month-old strike by screenwriters against Hollywood studios resumed Wednesday and will continue Thursday, the two sides said in a rare joint statement that itself could be a sign of progress. Wednesday evening’s one-line statement from the Writers Guild of America (WGA) and the Alliance of …
Read More »Netflix, facing off with creators over AI, advertises for a $900,000 AI product manager
While creative talent is sweating it out on picket lines, Netflix is hard at work developing its machine learning infrastructure. Streaming video giant Netflix is looking to hire artificial intelligence specialists, dangling one salary that pays as much as $900,000, even as Hollywood actors and writers are in the midst of …
Read More »Seeing pink: Brands hop on “Barbie” bandwagon amid movie buzz
With movie stars prohibited from promoting the new “Barbie” film amid the actors strike, toy company and Barbie doll-maker Mattel worked overtime to keep the movie top of mind ahead of its release on Friday. Mattel has teamed up with various consumer brands which have formed licensing agreements with the toy maker …
Read More »Chipotle is using a robot to prep its guacamole
Chipotle Mexican Grill’s new robot can make guacamole in half the time human workers need to prepare the dish, the restaurant chain said in unveiling the device on Wednesday. The so-called Autocado is designed to handle the labor-intensive task of preparing the avocados, slicing, coring and peeling 25 pounds of …
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