Ford Posts Ugly Fourth Quarter Full Year Net Loss As Execution Issues Plague Production
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U.S. Natural Gas Futures Post Big First-Quarter Losses
U.S. natural gas futures settled higher on a slightly bigger-than-expected 36 Bcf storage draw for last week, but end the first quarter down sharply.The Wall Street Journal - World -
After another ugly loss, Tyronn Lue says Clippers ‘gotta wake the hell up’
The Clippers are 8-9 since the All-Star break and look nothing like a contender.Yahoo Sports - Sports -
GameStop shares slide 15% on top- and bottom-line misses for fourth quarter
GameStop Corp.’s shares fell in in extended trading Tuesday, after the videogame retailer and original meme stock missed analysts’ top- and bottom-line estimates in its fourth-quarter results.MarketWatch - Business -
GDP in fourth-quarter raised to 3.4% due to stronger consumer spending
The final reading of U.S. growth in the 2023 fourth quarter was raised to a 3.4% annual pace, reflecting a surprisingly resilient U.S. economy.MarketWatch - Business -
A Lloyd’s of London revival will require more nimble regulation
There is still a fragility to the recent success of the world’s oldest insurance marketFinancial Times - Business -
Corporate profits hit record high as economy boomed in fourth quarter of 2023
Gross domestic product (GDP) and corporate profits both smashed expectations in the fourth quarter of 2023 as the knock-on effects of pandemic stimulus juiced the U.S. economy. GDP came in at a 3.4 percent increase, below the massive bump of 4.9 ...The Hill - Politics -
Angela Rayner refuses to publish tax records as police probe house sale
UK opposition party’s deputy leader issues challenge to Tories: ‘You show me yours, I’ll show you mine’Financial Times - Business -
Military briefing: Ukraine digs deep as Russians advance
Kyiv is building 2,000km of fortifications to hold territory in anticipation of another Moscow offensiveFinancial Times - Business - Ukraine -
Return-to-office mandates can't fix stagnant post-COVID worker productivity
One thing the rise of remote work has taught us is that the workplace can be a productivity black hole.The Hill - Politics -
US West hydropower production plunged to 22-year low last year
Hydropower generation in the U.S. West plunged to a 22-year low last year — an 11 percent drop from the year before, according to a new federal data analysis. The total amount produced in the region amounted to 141.5 million megawatt-hours, or ...The Hill - Politics -
Walgreens Posts Steep Loss After Major Writedown of VillageMD
Walgreens is the majority owner of VillageMD, which has been closing dozens of clinics amid financial challenges. The chain was once seen as a core element of Walgreens’s effort to expand into healthcare.The Wall Street Journal - World -
Walgreens Posts Steep Loss After VillageMD Write-Down
VillageMD has been closing dozens of clinics amid financial challenges. The chain was once seen as a core element of Walgreens’s effort to expand into healthcare.The Wall Street Journal - World -
GameStop shares make biggest gain since December ahead of fourth-quarter results
GameStop’s stock ended Monday’s session up 15.4%, registering its largest daily percentage increase since Dec.13, 2023.MarketWatch - Business -
Ford Escort
Yahoo News - World -
China-made vehicles will make up a quarter of Europe’s EV sales this year
China-made electric vehicles will make up more than a quarter of the EV sales in Europe this year, according to a new policy analysis.NBC News - Top stories -
FirstFT: Global stock markets record best first quarter in five years
Also in today’s newsletter, OpenAI courts Hollywood and Easter egg shrinkflationFinancial Times - World -
USWNT's Korbin Albert apologizes after Megan Rapinoe calls out anti-LGBTQ social media content
Albert took over Rapinoe's No. 15 jersey number this year.Yahoo Sports - Sports -
15-year-old allegedly abducted by teen boyfriend found safe
Police had been searching for 15-year-old Kaylee Cope who police in Ohio said was abducted by her 17-year-old boyfriend Jeffery Gimenez.ABC News - Top stories -
Viking Therapeutics posts positive results for oral weight-loss drug. Analysts remain unanimous the stock’s a buy.
Data from a Phase 1 trial is the latest bullish news from the biotech that may offer cheap entry to weight-loss mania.MarketWatch - Business -
Texas border law plagued by legal doubts
The whiplash created by rapid-fire court orders is sparking alarm over whether a Texas law clearing the way for state and local authorities to carry out immigration enforcement will be allowed to stand. A whirlwind 24 hours in the courts for SB 4, ...The Hill - Politics - Texas -
AI boom drives global stock markets to best first quarter in 5 years
MSCI index of world stocks rises 7.7% as optimism about US economy offsets expectations of slower rate cutsFinancial Times - Business -
Carnival warned that its full-year earnings will take a hit from the collapse of the bridge in Baltimore.
Carnival warned that its full-year earnings will take a hit from the collapse of the bridge in Baltimore.The Wall Street Journal - World -
The S&P 500 gained 10% in the first quarter, its best start to a year since 2019, as the U.S. economy continues to defy expectations.
The S&P 500 gained 10% in the first quarter, its best start to a year since 2019, as the U.S. economy continues to defy expectations.The Wall Street Journal - World -
Boeing chief Dave Calhoun will step down at year-end amid the aircraft maker's crisis over product quality, and the company said its chairman won't stand for re-election.
Boeing chief Dave Calhoun will step down at year-end amid the aircraft maker’s crisis over product quality, and the company said its chairman won’t stand for re-election.The Wall Street Journal - World -
The Uplift: Nothing but net
Nets star Mikal Bridges fulfills his dream of teaching by working at a school in Brooklyn for the day. A doctor overcomes the odds to help other survivors of catastrophic injuries. Plus, behind the scenes of Drew Barrymore's talk show, and more ...CBS News - Top stories -
Ford sees opportunity for Mustang as competitors abandon V8 engines
The optimism follows the Chevrolet Camaro and Dodge Challenger — the Mustang's closest American competitors — ended production in December.CNBC - Business -
Requiring ugly images of smoking's harm on cigarettes won't breach First Amendment, court says
A federal appeals court says a requirement that cigarette packs and advertising include graphic images demonstrating the effects of smoking does not violate the First AmendmentABC News - Health -
Former Gaming Executive Sentenced To Death
A former gaming executive has been sentenced to death in China for poisoning the founder of Chinese gaming company Yoozoo Games. This story also connects to the recently released Netflix series 3 Body Problem from the creators of Game of Thrones.. ...GameSpot - Tech -
Europe is making trade conditional on production methods
Businesses are upset by the extra regulation resulting from the restrictionsFinancial Times - World - Europe -
Financial services counting on AI for a productivity boost
AI set to take on customer help, pricing and transaction monitoring — leaving some workers to find alternative rolesFinancial Times - World -
‘Humanoid’ robot wave signals change on the production line
AI training for manufacturing workers could minimise job lossesFinancial Times - Business -
Show us the receipts for the F-35 production decision
If the Pentagon wants the American people to believe they have gotten their money’s worth, it should immediately declassify the latest testing report and release it publicly.The Hill - Politics -
Clemson coach stands by NET, Big 12 critique
Clemson men's basketball coach Brad Brownell reiterated his stance that Big 12 teams figured out ways to manipulate their metrics to help garner more bids to the tournament.ESPN - Sports - College Football -
'She's a warrior': Iriafen nets 41 as Stanford wins
Kiki Iriafen scored 11 of her career-high 41 points in overtime, securing No. 2 seed Stanford a place in the Portland Regional with a thrilling 87-81 victory over seventh-seeded Iowa State in the second round of the NCAA tournament Sunday night.ESPN - Sports - NBA -
Boulter loses to Azarenka in Miami fourth round
British number one Katie Boulter is out of the Miami Open after a fourth-round defeat by Victoria Azarenka of Belarus.BBC News - Top stories -
'A fourth possible finals? I never imagined it'
Captain Ben Davies says he could never have envisaged being on the brink of a fourth major tournament with Wales.BBC News - Top stories -
Ford still winless in 2024 as NASCAR heads to first road race of the season at COTA
Five races into NASCAR’s 2024 season and Ford is in a funkABC News - Sports - NASCAR -
Ford falls, Amazon advances pharmacy pursuits and Disney board member speaks – our takes the news
Club stocks Ford, Amazon and Disney were in the headlines Tuesday. Here's our thoughts on what the news means for investors.CNBC - Business -
Ford to trim workforce at plant that builds its F-150 Lightning as sales of EVs slow
About 1,400 workers at a Ford factory in Michigan that makes the F-150 Lightning will move to new jobs or take retirement packages next week as sales of the electric pickup trucks slowABC News - Top stories -
Ford to Lay Off 700 Workers as Electric F-150 Lightning Truck Sales Skid
Slowing electric vehicle sales prompt automaker to cut jobs, transfer some workers off its electric pickup truck line.Inc. - Business