Author: Editor

An aerial view as a Ford sign stands on the sales lot of the Metro Ford dealership on May 06, 2025 in Miami, Florida. Joe Raedle | Getty ImagesFord on Monday announced it would invest $2 billion in a Louisville, Kentucky, assembly plant aimed at rolling out more affordable electric vehicles.The investment comes on top of $3 billion already planned for a battery park in Michigan. Together the facilities will create or secure nearly 4,000 new jobs, Ford said in a news release.”We took a radical approach to a very hard challenge: Create affordable vehicles that delight customers in every…

People walk past an AMC theater in Manhattan, New York City, on Feb. 25, 2025.Jeenah Moon | ReutersShares of AMC Entertainment rose 3% in midday trading Monday after the movie theater chain reported stronger-than-expected second-quarter results.The stock was previously up as much as 11% following the company’s earnings report before the bell.The company posted revenue of nearly $1.4 million, up about 35% year over year and topping the $1.35 billion Wall Street estimate, according to LSEG.AMC reported a net loss of $4.7 million, or just 1 cent per share, notably narrower than the loss of $32.8 million, or 10 cents…

Could Stitch Fix be on the path to a comeback? The clothing subscription service, one of the many pandemic winners that’s struggled to find itself in a post-lockdown world, is back to growth and seeing some early wins from a turnaround strategy that’s just over two years in the making. Under CEO Matt Baer, a former Walmart and Macy’s executive who was tapped to helm the business in June 2023, Stitch Fix posted its first revenue growth in 12 straight quarters for the three months ended May 3. It’s now forecasting its second consecutive quarter of top-line growth. While the apparel company’s customer…

RIYADH, SAUDI ARABIA – FEBRUARY 01: (R-L) Michael Page of England punches Shara Magomedov of Russia in a middleweight fight during the UFC Fight Night event at anb Arena on February 01, 2025 in Riyadh, Saudi Arabia. (Photo by Chris Unger/Zuffa LLC)Chris Unger | Ufc | Getty ImagesDays after completing its merger with Skydance, Paramount has acquired the U.S. rights to TKO Group’s UFC for seven years, beginning in 2026.Paramount is paying an average of $1.1 billion per year, totaling $7.7 billion, for UFC’s full slate of 13 marquee events and 30 “Fight Nights,” the companies said in a statement.…

Tesla electric vehicles at a charging station in Alhambra, California on March 11, 2025. Frederic J. Brown | AFP | Getty ImagesOn President Donald Trump’s first day in office, he signed an executive order aiming to eliminate the “electric vehicle mandate” and remove subsidies that favor EVs. Since then, his administration has taken steps to do exactly that, while automakers are left figuring out the impact on their bottom lines.Late last month, the Environmental Protection Agency proposed rescinding a landmark finding from 2009 establishing that greenhouse gases pose a threat to public health. The implication is that automakers would no longer…