General Motors Co and Chief Executive Mary Barra were forced by the semiconductor supply-chain crunch to slash production and sell fewer vehicles at higher prices. The result: Fatter margins, far…
Category: Business
New York Times subscriber growth slows after news-heavy 2020
The New York Times Co's quarterly subscription growth fell to its lowest in over a year as the news cycle cooled after the Trump presidency ended. The 170 year-old publication…
Peloton reverses course, decides to recall treadmills after injuries, death
Peloton announced a recall of its treadmills on Wednesday, reversing course just weeks after saying there was “no reason” to stop using the exercise machines despite reports of multiple injuries…
Exxon expects $200 mln in charges this year for job cuts
Exxon Mobil Corp (XOM.N) expects up to $200 million in charges this year related to job cuts in an era of cost savings, according to a regulatory filing. The company…
CDC advances plan for resumption of U.S. passenger cruise operations
The U.S. Centers for Disease Control and Prevention (CDC) has begun a key step for the eventual resumption of U.S. cruise industry operations by issuing new technical instructions. In October,…
Cryptocurrency Ethereum Hits New Record High Again; Dogecoin Slumps
Cryptocurrency ethereum climbed to a new peak for a third straight day on Monday on continued optimism about further growth in decentralized finance or “DeFi”, although some analysts said it…
6.5m households in UK plan to buy an electric car by 2030
More than 6.5m households plan to buy an electric vehicle or plug-in hybrid, research by the energy watchdog Ofgem has found. This equates to 24%, or nearly one in four,…