Chipotle sales slump as recession fears hit burrito chain: ‘Consumers were saving money’

Chipotle Mexican Grill on Wednesday softened its annual sales growth forecast as sticky inflation and economic uncertainty reduced consumers and brought Burrito Chain stock down 3% after opening hours. The company is currently expecting annual sales growth rates in a single digit lower range compared to its pre-estimation of low single digit rise. President Trump’s […]

China’s latest export controls on rare earth elements causing chaos in car supply chain: report

China’s move to impose strict export controls on rare earth elements used in automobile manufacturing reportedly sparked fears about potential shortages in automobiles. Earlier this month, China’s Xi Jinping government enacted restrictions on the shipment of seven rare earth metals and magnets, essential to the construction of electric vehicles. This move has left many Western […]

Rivian CEO discusses tariffs and impact on the EV maker’s supply chain

Rivian founder and CEO RJ Scaringe discusses the impact of import tariffs on the “Craman Countdown.” Rivian founder and CEO RJ Sculling discussed Trump administration tariffs and how electric vehicle (EV) makers are navigating them on Tuesday. Scaringe told host Liz Claman that consumers have “a lot of questions” about “what will happen” about the […]

Trump says Waltz is ‘doing his best’ amid Signal text chain leak

President Donald Trump defended national security adviser Michael Waltz at ambassador meeting Monday as the administration faces a fierce backlash over the recent signal text chain leak. The waltz, whose staff unconsciously added Atlantic Editor-in-Chief Jeffrey Goldberg, opened fire for error, in addition to the signal group chat where Pete Hegses and the other Secretary […]

Trump says he knows nothing of Atlantic journalist swept up in war plan text chain

President Trump said Monday that he had no idea about the reports by Atlantic journalists. He said he was swept into defense and national security authorities and text message chains while detailing plans for an attack on the Hooty Rebels. Jeffrey Goldberg, editor-in-chief of the Atlantic, wrote that he was invited to a group chat […]