Retail company Kroger suffers from higher costs and theft despite high sales On September 10, Kroger announced that the company had seen many favorable trends in their fiscal second quarter as shoppers are buying more groceries Despite a strong fiscal second quarter, Kroger investors have expressed their concern about the supermarket operator’s margins as they… Continue reading Business News – 09-10-2021
Category: Business Related
Business News – 10-04-2021
Automotive sales at Ford continue to improve but still down by 27% in 3rd quarter From last year in 2020, Ford’s sales for its third quarter have fallen by 27.4% as the semiconductor shortage continues to hurt the automotive industry by interrupting vehicle production and shorted dealer inventories On the contrary, Ford sale’s have improved… Continue reading Business News – 10-04-2021
Business News – 09-28-2021
BrightDrop, GM’s EV business to supply Verizon with new van In 2021, General Motors commercial electrical vehicle business BrightDrop plans to ass a second van to its lineup and the first customer for the midsize commercial van will be Verizon Communications This new product follows behind the first production models of BrightDrop’s large van named… Continue reading Business News – 09-28-2021
Business News – 09-23-2021
Alerts go out that Lake Powell may stop producing energy by 2023 with water levels declining Two of the major reservoirs such as Lake Mead and Lake Powell are experiencing a large decrease in water levels and many fear that they may stop producing energy soon According to the Bureau of Land Management, it believes… Continue reading Business News – 09-23-2021
Business News – 09-22-2021
Redwood Material and Ford sign deal to recycle Electric Vehicle batteries Sales of Electric Vehicles are expected to increase from an estimated 350,000 cars in 2021 to more than 1 million by 2025, says LMC Automotive Ford and its battery manufacturing partner SK Innovations will ensure a consistent supply of essential metals like lithium, nickel,… Continue reading Business News – 09-22-2021
Business News – 11-04-2021
Newest climate plan for Democrat lawmakers includes tax breaks for EVs priced up to $80,000 On November 3, Democratic lawmakers unveiled their new social spending and climate provision that increases the EV tax credit of up to $12,500 for higher prices vehicles According to this new update, vans, SUVs, and trucks prices up to $80,000… Continue reading Business News – 11-04-2021
Business News – 11-03-2021
Ford sales in US market continue to recover from October losses In a sales report from Ford, its vehicle sales in October were down by 4% from the year prior at only 175,918 vehicles According to Cox Automotive, new US vehicle sales are down by approximately 21% in October in comparison to a year prior… Continue reading Business News – 11-03-2021
Business News – 11-02-2021
Los Angeles Port Executive says fines for lingering cargo have helped port-congestion issues Gene Seroka, the Executive Director of the Port of Los Angeles says that the decision to impose fines on lingering cargo was a “last resort decision but it has helped congestion With the policy that took effect on November 1, Ocean carriers… Continue reading Business News – 11-02-2021
Business News – 11-01-2021
White House reports that the Covid vaccine program for children starts November 8 According to the White House coronavirus response coordinator, Jeff Zients, the kid’s vaccination program will be “fully up and running” beginning on the week of Nov. 8 The kid’s vaccination program is intended for those ages 5 to 11 years old Project… Continue reading Business News – 11-01-2021
Business News – 10-26-2021
Chevrolet Corvette Z06 unveiled by GM showing spectacular performance On October 26, General Motors unveiled a high-performance Z06 version of the Chevrolet Corvette set for 2023 The car is track-focused and will be powered by a new 5.5-liter V-8 naturally aspirated engine with a 0-60 mph or 2.6 seconds Blue Eden project worth $2.35 billion… Continue reading Business News – 10-26-2021
Business News – 10-22-2021
Starship test-fired by SpaceX as FAA reviews key license for first orbital launch Elon Musk’s SpaceX completed two test firings of the engines on its Starship 20 prototype on October 21 SpaceX is preparing for the rocket’s first orbital launch while the Federal Aviation Administration reviews its license request GMC Sierra Denali and AT4X pickups… Continue reading Business News – 10-22-2021
Business News – 10-18-2021
Sydney to allow international travel free of quarantine requirements in November Australians who are fully vaccinated arriving in Sydney from overseas will no longer be required to quarantine beginning on November 1 Scott Morrison, the Prime Minister said that easing entry restrictions at the border is meant for Australian citizens only, permanent residents, and their… Continue reading Business News – 10-18-2021
Business News – 10-08-2021
Global price of natural gas continues to spike but U.S. may not be as harshly impacted The prices of power and natural gas in Asia and Europe have reached the highest recorded, with U.S. prices having doubled in 2021 According to the head of global commodities research at Bank of America, Merrill Lynch says, “The… Continue reading Business News – 10-08-2021
Business News – 09-21-2021
Hydrow gets funds from Justin Timberlake and Lizzo as an at-home fitness competition grows An at-home fitness start-up that produces a $2,295 machine named Hydrow has said that they have secured almost $200 million in funding Justin Timberlake and Lizzo are just 2 of many investors in Hydrow Happy meal toys to be more sustainable… Continue reading Business News – 09-21-2021
Business News – 09-09-2021
General Motors shutdown of Bolt EV production extended The shutdown of GM’s Chevrolet Bolt EV has been extended at their Michigan production plant as they work with battery supplier LG Chem to fix manufacturing defects The Orion Assembly plant will be shut down for the week of September 13 through September 20 US sailings increased… Continue reading Business News – 09-09-2021
Business News – 09-08-2021
Khosla Ventures investment into Rocket lab came from $28 million to $1.7 billion According to an SEC disclosure on September 7, from between 2013 and 2020, Khosla Ventures had invested $28.2 million into Rocket lab through several funding rounds The firm now holds over 115 million shares of Rocket Lab’s stock which is worth $1.67… Continue reading Business News – 09-08-2021