Markets
Inside Ford’s 3-million-square-foot Louisville plant transformation
Ford Motor Co. is giving its Louisville Assembly Plant a massive makeover as it prepares to build a new electric truck in 2027. The automaker is investing $2 billion to transform the roughly 3-million-square-foot Kentucky factory from gas-powered vehicle…
Apple tests CXMT memory chips for iPhones and MacBooks amid shortage
Apple is reportedly in the process of testing memory chips made by Chinese company CXMT across its lineup of devices, including in iPhones and MacBooks, as it looks at options to address the shortage of memory chips. The Wall Street Journal on Sunday reported…
Crude oil stocks in US SPR fall to over four-decade low
The U.S. government’s Strategic Petroleum Reserve (SPR) is at its lowest level since 1983 as inventories that were already low before the Iran war come under increasing pressure. Data released by the Department of Energy on Monday showed that the number of…
McDonald’s US sales miss analyst targets as CEO cites execution
McDonald’s sales growth came in slower than expected when the company released its second quarter earnings on Tuesday, with leaders pointing to execution lapses they say hampered its push to promote value deals aimed at lower-income consumers. CEO Chris…
Oil prices fall sharply as Trump signals Iran deal on Hormuz Strait
Oil prices fell on Monday as markets embraced hopes for the de-escalation of the Iran war, despite uncertainty over the prospects for a Federal Reserve interest rate hike. President Donald Trump on Sunday signaled he was holding off on ordering fresh strikes…
Texas Stock Exchange officially goes live to rival NYSE and Nasdaq
A new rival to Wall Street officially debuted on Friday as the Texas Stock Exchange went fully live for the first time with trading available for all of its listed tickers. The Texas Stock Exchange, which is based in Dallas, is the first new major stock…