Tesla on Wednesday warned that its EV sales growth could suffer until the company comes up with a cheaper vehicle.
Why it matters: Tesla has enjoyed significant growth in recent years based largely on expanded production and deliveries of the Model Y and Model 3 vehicles.
Fed up with Boeing's latest Max 9 groundings and delivery delays with its upcoming model, United Airlines CEO Scott Kirby yesterday said his airline's already started building an "alternative plan."
Why it matters: There simply aren't many alternatives out there.
Jon Stewart will return to "The Daily Show" as its executive producer and host on Monday evenings beginning Feb. 12 through the 2024 election cycle, Paramount announced Wednesday.
Why it matters: It marks a historic reunion between Paramount's Comedy Central — which has aired "The Daily Show" since 1996 — and Stewart, whoput the show on the map as host from 1999 to 2015.
Netflix threw a haymaker on Tuesday morning, inking a $5 billion live-streaming agreement with World Wrestling Entertainment, and then scored an afternoon knockout with its quarterly earnings report.
Why it matters: This changes the landscape for live sports media rights deals, at a time when the NBA's televised future is up for grabs.
Ford is recalling approximately 1.89 million Explorer SUVs because the trim could detach and cause a "safety hazard" to other vehicles, according to National Highway Traffic Safety Administration documents.
Why it matters: If the trim detaches, it could increase the chance of a crash, NHTSA documents show.
The big picture: The impact on trade highlights what experts have long warned about, with compounding events amplifying the growing economic toll of climate change.
D.R. Horton's profit margins on home sales fell short of expectations in its most recent quarter, the company reported Tuesday.
Why it matters: The largest U.S. homebuilder's margins disappointed because it's been cutting prices to whip up sales. That's a welcome development for would-be buyers struggling to find homes to purchase amid low inventory and high mortgage rates.
Consumer sentiment rose across income groups in January — and it surged the most among those earning more than $100,000, according to Morning Consult polling out Wednesday morning.
Why it matters: It's just the latest sign of a turnaround in Americans' dour economic mood.
Facing an outcry on TikTok, the CEO of a small baby clothes company issued two public apologies last week for denying a new mother's request to work from home while her baby was in neonatal intensive care.
Why it matters: The public relations disaster at Kyte Baby, a Texas-based business that bills itself as "woman-owned," is a clear example of how the lack of paid leave policies in the U.S. leaves mothers scrambling.
Rising food, rent and labor costs, mixed with falling post-pandemic demand, are spelling disaster for some independently owned restaurants, industry experts say.
The result is "carnage everywhere," says Robért LeBlanc, co-owner of LeBlanc + Smith, a New Orleans restaurant and hotel group — even as new entrants try to break through.
The COVID-19 pandemicwasn't all doom and gloom for restaurants. Through ingenuity, savvy and smart pivots, some managed to find success.
"The restaurants that embraced [change], especially early on, tended to do better than those that didn't," Hudson Riehle, vice president of research for the National Restaurant Association, tells Axios.
The restaurant industry is showing signs of life after a brutal stretch brought on by the COVID-19 pandemic, per new Yelp data shared with Axios.
Why it matters: Restaurants are more than just a place to grab a meal — they're a gathering spot for families and communities, a vital employer across the socioeconomic spectrum, and a key swath of the cultural fabric that makes cities unique.
Alaska Airlines chief Ben Minicucci told NBC that the company had found loose bolts in "many" of its Boeing 737 Max 9s during inspections, as both he and United Airlines' CEO raised concerns about the aircraft maker on Tuesday.
Why it matters: The findings come after one of Alaska Airlines' Boeing 737 Max 9 planes lost its exit door plug during a flight earlier this month — prompting grounded aircrafts, a multi-passenger lawsuit and further questions about the aircraft's safety.
A jury in Portland, Oregon, determined Tuesday that PacifiCorp, an electric utility owned by billionaire Warren Buffett's Berkshire Hathaway, should pay $62 million plus other costs to nine survivors of the Labor Day 2020 wildfires that swept the state.
The big picture: A PacifiCorp spokesperson said the utility intended to appeal the decision in the first trial that counsel for the plaintiffs noted in an email was "exclusively on individuals' damages" after a historic class action verdict last year that established the utility was liable over the deadly fires.
