Macy’s flagship store in San Francisco’s Union Square faces chopping block
The Barron’s Roundtable panel provides insight into investments in Macy’s, Nordstrom, and Gilead Sciences. Macy’s could potentially decide that Macy’s department store in San Francisco’s Union Square area will be closed. The iconic store appears to be facing challenges as part of Macy’s “Bold New Chapter” strategy announced earlier Tuesday that includes closing numerous stores, […]
Boeing management, employees had ‘disconnect’ on safety, panel finds
Aviation expert Peter Rehm discussed reports on the Evening Edit that an Alaska Airlines jet was missing several bolts when it left a Boeing factory. A panel of experts appointed to investigate Boeing’s safety management processes found a “disconnect” between the aerospace giant’s management and employees regarding safety culture and other issues. The commission was […]
You Know How Uber Surge Pricing Sucks? It’s Coming To A Burger Joint Near You!
Fast food chain Wendy’s is rolling out a “dynamic pricing” model that would change prices based on customer demand in 2025, the company announced in a Tuesday earnings call, according to multiple outlets, and BOY I can’t think of a worse idea. While touting new digital menu boards on the earnings call, CEO Kirk Tanner […]
Toyota recalling 381K Tacoma pickups over axle issue raising crash risk
Barron’s Roundtable panelists discuss Toyota’s stock price, which hit an all-time high this week, and the impact of the EV slowdown on Ford and General Motors. Toyota Motor Corporation announced Tuesday that it will recall approximately 381,000 vehicles. toyota tacoma Pickup trucks address the issue of parts falling off the rear axle, which can affect […]
Major Tech Company Reportedly Slams Brakes On Electric Vehicle Efforts As Demand Dries Up
Apple is ditching its decade-long venture to develop an electric car as demand for them slows down, Bloomberg reported on Tuesday. The tech giant began working on the electric vehicle (EV) around 2014 and spent billions on it, but its work is now coming to a close, according to individuals familiar with the situation who […]
Apple scrapping electric car project
SATORI Fund Senior Portfolio Manager Dan Niles discusses Apple’s outlook for 2024 on The Claman Countdown. Apple is reportedly abandoning efforts to build electric cars after spending nearly a decade and billions of dollars on the project. To quote a person close to me, reported by bloomberg Apple internally announced on Tuesday that it was […]
Latest Figures Show Just How Brutal 2023 Was For Home Prices
Home prices for the 10 largest cities in the U.S. rose by 7.0% year-over-year in December, up from 6.3% in the previous month, according to Standard and Poor’s Case-Shiller home price index report. The top 20 cities had a slightly less pronounced increase, with prices rising 6.1% year-over-year as of December, up from 5.4% in […]
China’s Top Electric Vehicle Maker Plots Invasion Into Western Markets
The top electric vehicle (EV) maker in China has lowered the price point on some of its models and is eyeing an expansion into western markets, competing directly with sales of gas cars, according to The Wall Street Journal. BYD slashed its prices on many of its vehicles by more than 10%, putting it in […]
Federal Regulators Find Numerous Issues With Boeing Safety Operations
The Federal Aviation Administration (FAA) released a new report on Monday outlining several potential points of concern for Boeing’s operations with regard to safety. The report pointed to a number of issues in Boeing’s operation that could inhibit proper safety compliance, including a disconnect with the company’s senior management and lower members of the organization […]
Bitcoin hits $57K, highest since 2021
Anthony Pompliano of Pump Investments said on “Craman Countdown” that Bitcoin is currently a “popular” asset with Wall Street investors. Like U.S. stocks, Bitcoin has had a great start to the new year, hitting a two-year high as experienced investors return with a new crowd. The largest cryptocurrency by market value has surpassed $57,000, the […]