Business

Ford Halts Some Deliveries After Running Out of Blue Badges: Report

Ford paused some deliveries because it ran out of blue badges, the company told The WSJ. Sources said the shortage affected Ford’s popular F-Series pickups. This week, Ford said that it had up to 45,000 vehicles awaiting their final parts. loadingSomething is loading. Ford had to delay deliveries of some vehicles including F-Series pickups after …

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Investors Pull $140 Million From Merger Deal With Trump’s Truth Social

The deadline for Digital World deal to acquire Donald Trump’s Truth Social passed on September 20. Investors are walking away from planned commitments of $140 million, SEC filings show. Reuters reported that Sabby Management investors bowed out, taking away $100 million. loadingSomething is loading. Investors are walking away from commitments to invest in a company …

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Byju’s clears $230 million payment to Blackstone for $1 billion Aakash deal • TechCrunch

Byju’s has cleared all its dues to Blackstone by paying $234 million it owed the global investment giant for the $1 billion acquisition of Aakash, a source familiar with the matter told TechCrunch, addressing one of the criticisms leveled against the Indian edtech giant in recent months. The Bengaluru-headquartered startup, valued at $22 billion, had …

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Europe energy crisis could get much worse and cause high consumer bills, economic slowdown and social unrest

An energy crisis the likes of which hasn’t been seen in decades is unfolding around the world. The Russian invasion of Ukraine in February of this year created a ripple effect in global markets. Western nations that once relied on energy supplies from Russia—the world’s second largest natural gas producer and third largest petroleum producer—condemned …

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Google CEO tells staff not to ‘equate fun with money’ • The Register

updated Challenged by questions about Google’s cost-cutting at an internal meeting, Alphabet billionaire CEO Sundar Pichai reportedly reassured employees about the internet giant’s financial belt tightening by insisting that workplace fun doesn’t have to be about money. CNBC obtained an audio recording of a Google town-hall staff meeting, held in New York, and reports that …

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Don’t look for a stock market bottom until a soaring dollar cools down. Here’s why.

It will be difficult for the stock market to stop its slide and find a bottom as long as the US dollar keeps soaring versus its rivals, according to market analysts. Global stocks a bruising week with the S&P 500 on Friday narrowly avoiding its lowest close of the year. At the same time, a …

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Elon Musk greenlit to activate Starlink internet for Iranians | Protests News

Legal guidance by the American government on expanding internet services to Iranians was changed despite US sanctions on the country. SpaceX CEO Elon Musk has been given the green light by the United States government to activate the satellite internet service Starlink to help Iranians protesting against the death of a woman in police custody. …

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