Ford CEO says ‘the customer has spoken’ after its EV business lost nearly $5 billion last year – Business Insider

This article first appeared on GuruFocus. U.S. stocks opened higher on Wednesday as upbeat earnings and renewed AI optimism lifted tech shares, according to a Wednesday market update. The Dow Jones Industrial Average climbed about 1%, while the S&P 500 and Nasdaq Composite each rose roughly 0.2% in early trade. Traders also watched a planned…

This article first appeared on GuruFocus. ASML Holding (NASDAQ:ASML) shares surged about 4% in early Friday trading after Aletheia Capital upgraded the chip-equipment maker’s European-listed stock to Buy from Sell, pointing to improving demand trends. The brokerage cited expanding semiconductor factories, capacity ramps and rising orders for extreme ultraviolet lithography tools, a technology used to…

Osmond ChiaBusiness reporter Getty Images South Korea’s largest online retailer, Coupang, has apologised for a massive data breach potentially involving nearly 34 million local customer accounts. The country’s internet authority said that it is investigating the breach and that details from the millions of accounts have likely been exposed. The e-commerce platform is often described…

Last weekend, as a blizzard battered the East Coast, local camera crews did what they love to do during major weather events: venture out into frozen wilds to ask the locals how they were feeling.  One such reporter from NBC 4 came upon Caj Thomasson in New York City’s Washington Heights. When the reporter asked about…

Demand for coal in China is expected to be flat this year and then to decline slowly over the next few years © Na Bian/Bloomberg Global coal demand is set to reach a record high for 2025 after the US recorded a rise, the latest data shows, highlighting the difficulties of the world quitting the…

Amazon has started issuing payments to eligible Prime members as part of a $2.5 billion settlement over federal allegations that it misled customers. The online retailer agreed to the payouts in September to resolve a 2023 Federal Trade Commission lawsuit that accused Amazon of misleading customers into enrolling in Prime and making it hard for them to cancel…