Rivian Crippled by New Layoffs
Rivian reportedly will lay off 600 employees. The struggling EV maker’s prospects continue to fade year after year.
All Work
Douglas A. McIntyre
Apple Can’t Fold a Foldable Phone
Rumors hint that Apple will launch a foldable phone with the iPhone 18 late next year. It is trying to catch up to archrival Samsung.
IBM Is America’s Worst Tech Company
IBM announced terrible quarterly results, and its stock promptly dropped sharply. It is too small to play an important role in the future of AI.
Beyond Meat Is a Terrible Company
Beyond Meat stock has gyrated wildly recently. It remains a company with products that few people want and terrible financial results going back years.
Can Ford Be More Like GM?
The most recent General Motors earnings report was much better than expected. That sets a high bar for Ford to do the same.
Amazon Plans to Replace 500,000 People With Robots
Amazon reportedly plans to spend billions to automate its warehouses. Thousands of employees will soon find themselves out of work.
Secret Starbucks AI Barista
Starbucks says it will launch a secret AI barista. Will this succeed where other schemes to turn around the flagging coffee chain have failed?
Walmart’s Big $4 Thanksgiving Discount
Walmart is offering a special discount on its Thanksgiving basket of food. It is a way to show that the retailer is sensitive to the troubles of many of its shoppers.
Cramer Recommends Apple
News of brisk sales of the iPhone 17 boosted Apple stock. So did Jim Cramer’s comments about the company’s strong brand and promising future.
Market Collapsed 23% 38 Years Ago, Would Be 11,000 Points Today
If the Dow Jones Industrial Average pulled back today like it did 23 years ago, that would be a drop of nearly 11,000 points.
AI Has Destroyed Apple’s Future
Apple is not only behind in the artificial intelligence (AI) race but so far behind that it cannot catch up.
Biggest AI Layoff Ever
The largest AI-related job cut so far was at consulting firm Accenture. That may be just the start of a wave of layoffs in HR and R&D departments.
Fired Goldman Sachs Workers Won’t Find Jobs–AI Diary
Many Goldman Sachs workers who lose their jobs to AI will not get those jobs back. This is happening across the entire industry.
BYD’s Largest Recall Ever
Electric vehicle maker BYD just issued the largest recall in the company’s history. That may have little effect on its expanding global footprint.
Ford Recall Record Worst in History
The number of recalls by Ford this year is staggering. The automaker’s quality problems seem to worsen by the day.
Trump Wants to Own America
The Trump administration has stakes in Intel, U.S. Steel, and other corporations of strategic interest. The White House is starting to look like Warren Buffett’s Berkshire Hathaway.
US Economy Is Booming as Amazon Hires 250,000 Workers
Amazon hiring 250,000 workers for the holidays says something about the state of the U.S. economy and the effects of tariffs.
Thousands of Jobs at Risk as Walmart Moves to ChatGPT
Walmart is embracing artificial intelligence and putting the jobs of thousands of employees at risk. Will fewer workers mean more profits?
Chevy EV Sales Surge
Chevrolet saw comparably strong electric vehicle sales in the first three quarters of the year. That was well enough to put it in second place behind market leader Tesla.
Amazon Should Buy Netflix
Acquiring Netflix could give Amazon a platform to market Prime that it could not find anywhere else, helping Amazon protect its core business.