The Ford worker who called President Donald Trump a "pedophile protector" at a Michigan plant was not disciplined and still has his job, according to his union.
Decades ago China forced foreign automakers into joint ventures to gain valuable industry insight. Now Chinese EV makers are expanding their own businesses across the globe.
The Federal Reserve's dual mandate will be covered this week with the release of the January jobs report and the consumer price index. Plus, earnings from Cisco Systems, Applied Materials, Arista, and many more.
Ford is taking a $19.5 billion one-time write-off as it pulls back in the EV space. Rivian is still investing billions as it prepares to launch the R2, a lower-priced EV truck.
Risk-off sentiment is driving sharp sell-offs in Bitcoin and major software stocks, with investors reallocating away from stretched tech valuations. AI-driven CapEx arms race at Alphabet (GOOGL) and Amazon (AMZN) is sparking concerns about profitability and sector disruption, despite strong revenue growth.
The Chinese automotive industry has become the largest exporter of vehicles globally since 2023 and has been increasingly bringing electric models around the globe. The U.S. auto industry, meanwhile, is refocusing on gas vehicles, and legacy automakers have reported billions of dollars in write-downs on their EVs.
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