Updated Jan. 11, 2024 3:38 pm ET Hertz is selling about a third of its global electric-vehicle fleet, a major reversal for the rental-car company after it positioned itself as a champion of the technology with plans to vastly grow its fleet of plug-in models. Hertz said Thursday that it would sell about 20,000 EVs…
Prices rose by 3.4% as Americans paid more to dine out as well as on housing and car insurance.
The firm’s executive chair said HS2’s costs had risen so much over the past decade because of poor cost estimating, changes to the project’s scope, some poor delivery and the impact of inflation. He added that decisions to delay parts of the project for cashflow reasons, could end up meaning they cost more, and that…
Bankrupt regional sports network Diamond Sports got a few extra innings to work out a streaming deal with Amazon after a bankruptcy judge delayed the embattled company’s showdown with Major League Baseball. The nation’s largest RSN, which operates under the Bally’s name, owns the broadcast rights to half the NBA teams, a third of NHL…
JPMorgan’s chief executive Jamie Dimon declared that “San Francisco is in far worse shape than New York” as he blasted major US cities for failing to “do a good job” when it comes to safety and housing shortages. “I think every city, like every country, should be thinking about what is it that makes an…
Big banks held up well in 2023, even though the Federal Reserve continued to raise interest rates at a fast clip. Reports on fourth-quarter bank earnings, which start this week, should show how the banks’ customers fared in the harsher rate environment. So far, households have continued to spend and borrow, despite higher borrowing costs,…
Listen to article (1 minute) Some companies are kicking off the new year by trimming staff as a steady labor market shows signs of cooling off. The labor market flashed some warning signs at the end of last year. Hiring has slowed in recent months. Open positions also dropped at the end of 2023 compared…
Talk about a Mac attack. Fast food-loving Alaskans are forking over a beefy 23.93% above the national average for a trip to McDonald’s, according to a sizzling new study. A supersized portion of the blame can be pinned on The Last Frontier’s remote location and sky-high cost of living, researchers at NetCredit reported. The arm-and-a-leg…
Elon Musk ripped Boeing over a filing that appeared to show the aeronautical giant two years ago began using diversity, equity and inclusion goals as incentives for executive compensation after previously focusing solely on safety and quality controls. “Do you want to fly in an airplane where they prioritized DEI hiring over your safety? That…
Sperry Top-Sider Bill fish Tan and Beige. Mayra Beltran | Houston Chronicle | Getty Images Wolverine World Wide has sold Sperry to brand management firm and Reebok owner Authentic Brands Group, as the footwear retailer looks to focus on better performing assets, the company announced Thursday. Canadian retailer the Aldo Group has been tapped as…
