Government pension funds throughout the country have a stake in the future of TikTok, according to a new analysis.
Why it matters: Congress is considering legislation that would force China-based ByteDance to sell the social entertainment app's U.S. operation or shut it down.
Logistics managers have been scrambling to reroute container ships after the Port of Baltimore was temporarily shuttered following the collapse of the Francis Scott Key Bridge.
Why it matters: The port is one of the busiest shipping destinations in the country.
By the numbers: Norfolk, Virginia, is fielding about 4 in 10 containers that would've otherwise gone to Baltimore, according to shipping tracker Project44.
Ford today said it's delaying new electric vehicles as consumer adoption trails expectations.
Between the lines: Ford said it will push back the launch of a new EV pickup from 2025 to 2026 and new three-row SUV EVs from 2025 to 2027.
"The additional time will allow for the consumer market for three-row EVs to further develop and enable Ford to take advantage of emerging battery technology, with the goal to provide customers increased durability and better value," the company said in a statement.
The big picture: The announcement comes two days after Tesla reported a surprisingly steep slump in first-quarter sales, underscoring the broader challenges for the EV market.
One of the great challengesin assessing the economy is separating the signal from the noise. When a surprisingly strong or weak indicator comes out, is it a sign that the economic ground is shifting beneath our feet, or just randomness?
Why it matters: A top economics research shop — the team at Goldman Sachs — issued a report this week on how to discern the underlying message in the jobs data.
Here's what's new on Apple TV+, Hulu, Netflix, Max, Prime Video, Peacock and Paramount+.
What we're watching: A new private detective series, another reality TV offering starring Lisa Vanderpump and a documentary explaining the birth of online communities like QAnon.
Boeing paid Alaska Airlines around $160 million in compensation for jet groundings after one of its 737 MAX 9 suffered a mid-flight door plug blowout in January, according to a new filing from the airline.
Why it matters: The disclosure widens the fallout for Boeing, which has faced a reputational crisis and seen its manufacturing practices thrust back under the regulatory microscope.
The trillion-dollar leveraged loan market has officially shrugged off the dislocations of the high-rate era: Q1 borrowing activity hit near-record levels. But don't confuse a revival in the markets with a revival of company balance sheets.
Why it matters: One of the big questions after the Federal Reserve started aggressively tightening was how much rising interest costs would squeeze the finances of the most indebted companies.
