DETROIT (AP) — Stubbornly high warranty expenses and lagging cost-cutting efforts are holding back Ford Motor Co.’s profits this year, causing the company to lower its full-year earnings guidance. That pushed the company’s stock price down 6% in trading after Monday’s closing bell. The automaker reported third-quarter earnings after the markets closed and said its…… MORE
Boeing, in Need of Cash, Looking to Raise Up to Approximately $19B in Offering
Boeing is looking to raise up to approximately $19 billion in a stock offering as the aerospace giant, which is dealing with a contentious strike, faces liquidity issues and tries to raise cash. Boeing Co. said Monday that it will offer 90 million in common stock and $5 billion in depositary shares. Last week Boeing…… MORE
Biden Calls Out Musk Over a Published Report That the Tesla CEO Once Worked in the US Illegally
NEW YORK (AP) — President Joe Biden has slammed Elon Musk for hypocrisy on immigration after a published report that the Tesla CEO once worked illegally in the United States. The South Africa-born Musk denies the allegation. Biden criticized Musk during a campaign stop in Pittsburgh on Saturday after a Washington Post report on the…… MORE
Apple Launches the iphone Into the Ai Era With Free Software Update
Apple has released a free software update that will inject its first dose of artificial intelligence into its iPhone 16 line-up as the trendsetting company tries to catch up with technology’s latest craze. The upgrade to the iOS 18 operating system came out Monday, more than a month after four iPhone 16 models equipped with…… MORE
Israel’s First Open Attack on Iran Targets Missile Sites and Apparently Spares Oil and Nuclear Ones
TEL AVIV, Israel (AP) — Israel has attacked Iran with pre-dawn airstrikes in retaliation for the barrage of ballistic missiles the Islamic Republic fired on Israel earlier this month. It’s the first time Israel’s military has openly attacked Iran. Crucially, there is no indication that Iran’s oil or nuclear sites were struck. Iran insists the…… MORE