Category Archives: Business

Ford Motor said on Monday it will take a $19.5 billion writedown and is killing several electric-vehicle models, in the most dramatic example yet of the auto industry’s retreat from battery-powered models in response to the Trump administration’s policies and weakening EV demand. The Dearborn, Michigan-based company said it will stop making the F-150 LightningContinueContinue reading “Ford takes $19.5 billion charge as it retreats from EVs”

Want more housing market stories from Lance Lambert’s ResiClub in your inbox? Subscribe to the ResiClub newsletter. After announcing another 25-basis-point cut to the Federal Reserve’s short-term rate, Fed Chair Jerome Powell—whose term ends on May 15, 2026—was asked about the U.S. housing market. Powell acknowledged that recent rate cuts won’t restore affordability to the U.S. housing market. He suggestedContinueContinue reading “Powell: ‘Housing market faces some really significant challenges’ that a 25-basis-point rate cut won’t resolve”

Once a robotic pioneer, the smart vacuum has been overtaken by cheaper, flashier competitors. source https://www.entrepreneur.com/business-news/roomba-goes-bankrupt-but-says-vacuums-wont-brick/500839

Orreco announced its multi-million dollar raise and an acquisition deal, too. source https://www.inc.com/ava-levinson/mark-cuban-invests-ai-sports-firm-orreco/91279019

AI is quickly moving beyond rote tasks and into the realm of bigger-picture decisions that once relied only on human judgment. As companies treat AI as a thinking partner, the technology also introduces new risks. But the efficiency gains are hard to ignore, and companies are going head first into adoption. “It’s very much likeContinueContinue reading “‘It made me a little bit kinder’: How managers use AI to make decisions”