Ford CEO Jim Farley used Warren Buffett-backed BYD as the prime example of a Chinese automaker that has successfully developed and sold electric vehicles.
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Sandra Douglass Morgan helped shape sports betting around the country. Now she’s leading the NFL’s Raiders
Sandra Douglass Morgan became a gaming regulator the same year the Supreme Court cleared the path for legalized sports betting.
Continue readingFDA grants full approval to Pfizer Covid treatment Paxlovid for high-risk adults
Pfizer and the FDA view Paxlovid as an important complementary tool to vaccination that can help high-risk Americans manage their Covid infections.
Continue readingVirgin Galactic attempts final test flight before beginning ticketed space trips
It’s a crucial moment for Virgin Galactic, which has suffered repeated setbacks, several disasters and years of delays in developing its spaceflight system.
Continue readingBest Buy shares pop on earnings beat, even as CEO says shoppers are showing ‘recessionary behaviors’
Best Buy shares rose, but the retailer expects weaker spending on consumer electronics the rest of the year.
Continue readingIconic singer Tina Turner dies at 83
Singer Tina Turner has died at the age of 83 after a long illness, a spokesperson said Wednesday.
Continue readingAmerican Eagle Outfitters shares plunge as retailer lowers forecast
The mall-based retailer’s results diverged from Abercrombie & Fitch’s earlier in the day.
Continue readingNot just Disney: DeSantis brings history of business battles to the presidential campaign
Ron DeSantis is slated to launch his presidential campaign on Twitter during a conversation with Elon Musk, becoming Donald Trump’s top rival.
Continue readingMortgage demand drops again as rates cross back over 7%
The average rate on the popular 30-year fixed mortgage crossed over 7% on Tuesday, according to Mortgage News Daily. The highest level since early March.
Continue readingCitigroup to spin off its Mexico business after efforts to sell Banamex collapse
Citigroup announced Wednesday it plans to pursue an initial public offering of its Mexico business, ditching long-running sales talks with several suitors.
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