Ford postpones rollout of some new EVs as demand wanes
Barron’s senior writer Al Root discusses key themes from the New York International Auto Show on Barron’s Roundtable. As demand for EVs continues to decline, Ford Motor Co. is putting the brakes on production of two upcoming electric vehicle models. Ford announced in Thursday’s manufacturing update that it is postponing the planned start of production […]
Layoffs Surge To 14-Month High As Inflation Crushes Employers
The number of people laid off from American companies reached the highest point since January 2023, according to data from outplacement firm Challenger, Gray & Christmas, Inc. American employers cut 90,309 employees in March, 7% higher than the 84,638 employees laid off in February and higher than the 82,307 positions cut in January, according to a […]
Chase allowing advertisers to target customers based on purchases
Christopher Smith, author of “Privacy Pandemic,” joins “Morning with Maria” to discuss combating cyberattacks, the threat of AI to cybersecurity, and how to protect personal data in the digital age. Chase announced Wednesday that it has launched a new media business that will allow advertisers to target the bank’s 80 million U.S. customers based on […]
Meet Disney’s newly elected board
Craman Countdown panelists Robbie Whelan and Kenneth Leung explain Disney’s battle against Trian Partners. For Disney CEO Bob Iger to fend off activist investor Nelson Peltz, whose Trian Fund Management lost his bid for two seats on Disney’s board of directors at Wednesday’s annual meeting. The last few months have been tough for me, as […]
Trump Media sues co-founders alleging former ‘Apprentice’ contestants’ stock ownership claim is void
Sound Planning Group CEO David Stryzewski talks about how the early success of Trump’s social media platforms has led investors to warm up to Varney & Co.’s 45th president. Trump Media & Technology Group (TMTG) sues two co-founders of Truth Social, claiming they are not entitled to the 8.6% stake in the company they claim […]
Disney Shareholders Reject Major Push From Activist Investors
Disney shareholders on Wednesday voted down a bid by hedge fund Trian Partners to put two activist investors on the board to help boost the company’s stock price, according to ABC News. Nelson Peltz, along with another member of the Trian Group, were denied seats on the 12-person board of nominees, according to ABC News. […]
Disney wins battle against activist investors in proxy fight
Rich Greenfield, partner at LightShed Ventures, talks about the future of Disney on “The Craman Countdown.” Disney won a proxy battle with an activist investor on Wednesday. The entertainment giant, led by CEO Bob Iger, announced Wednesday afternoon that 12 nominees for its board of directors have won re-election after a preliminary count. Disney said […]
Elon Musk backs Nelson Peltz in Disney proxy fight: ‘His track record is excellent’
New York City Comptroller Brad Lander explains Disney’s proxy fight in “Craman Countdown.” Elon Musk on Wednesday defended Nelson Peltz in the activist investor’s proxy fight with Disney, saying he “definitely should” get a seat on the entertainment giant’s board. “As he has done with many other companies, he will help reinvent the company, improve […]
Every Major Navy Shipbuilding Program Is Plagued By Huge Delays, Report Finds
The U.S. Navy’s highest-priority shipbuilding programs are years behind schedule, the Navy said in a report released late Tuesday. Navy Secretary Carlos Del Toro ordered a comprehensive 45-day review of shipbuilding programs in January amid heightened concerns about mounting delays to the priority Columbia-class ballistic missile submarines and Constellation-class frigate programs. The final report found […]
Electric Vehicle Market Share Plummets In First Quarter As Consumers Sour
Growth in sales for electric vehicles (EV) slowed in the first quarter of the year as consumers remained wary of the product even though growth in sales of new vehicles remained strong, leading to a drop in EV market share, according to The Associated Press. Sales for new vehicles grew 5% in the first three […]