Last weekend, the CEO of Fiat Chrysler, Sergio Marchionne, approached Mark Fields, CEO of Ford Motors, with a consolidation offer.
In this segment, Chris Hill, Taylor Muckerman, and Jason Moser explain why Ford promptly declined, and why joining up with a company like Fiat is likely at the bottom of their to-do list.
This podcast was recorded on Apr. 25, 2016.
A Citi analyst contends Hermès is set to surpass its biggest competitor in the next few years and become the largest luxury fashion brand.
CLINTON TOWNSHIP, Mich. (AP) — The owner of a suburban Detroit business that caught fire and exploded, killing a man, was arrested at a New York airport as he was preparing to depart for Hong Kong on a one-way ticket, authorities said Friday. U.S. Customs and New York Port Authority personnel arrested Noor Noel Kestou, 31, on Saturday at John F. Kennedy International Airport. He was brought back to Michigan on Wednesday. Kestou, of Commerce Township, was arraigned Thursday on an involuntary mans
Alphabet announced its first-ever dividend on Thursday and a $70 billion stock buyback, cheering investors who sent the stock surging nearly 16% after the bell. The Google parent is returning capital while spending billions of dollars on data centers to catch up with rivals on generative artificial intelligence. The dividend will be 20 cents per share.
NEW YORK (AP) — Relentlessly rising auto insurance rates are squeezing car owners and stoking inflation. Auto insurance rates rose 2.6% in March and are up 22% from a year ago. Premium costs have been marching steadily higher since 2022, even as inflation at the consumer level steadily cooled from its 9.1% peak in the middle of that year. Consumers have had some relief as the rate of cost increases for food and energy, two key components of most budgets, has eased greatly. But auto insurance and
ZEBALLOS, B.C. — A young killer whale swam under a bridge and out of a Vancouver Island lagoon on Friday, finishing her own weeks-long rescue operation to get to the open ocean. The Ehattesaht and Nuchatlaht First Nations say the team is "ecstatic," although the two-year-old whale still has to leave the Little Espinosa Inlet to reach ocean where it is hoped she'll reconnect with her family pod. A statement from the rescue team says the calf swam past the area where her mother died, under a bridg
ST. JOHN'S, N.L. — Cenovus Energy has been ordered to pay a $2.5-million fine for its role in the largest offshore oil spill ever recorded in Newfoundland and Labrador. The fine was handed down in provincial court this morning, and the company has 30 days to pay up. The 2018 spill from a flowline connector in the White Rose oilfield released about 250,000 litres of oil into the Atlantic Ocean, off the coast east of St. John’s. N.L. The spill happened when the field was operated by Husky Energy,
The March reading comes as investors have continued to scale back their expectations on when the Federal Reserve will cut interest rates in 2024, if at all.
As meme stocks gain traction, Todd Walsh, Alpha Cubed Investments CEO and author of Exponential Gains: How to Find and Manage the Next Great Stocks and Transform Your Portfolio, joins Wealth! to shed light on why investors should avoid these speculative investments. Walsh points out that "a generation of investors" are currently drawn to meme stocks, mistakenly believing they are investing when, in reality, these stocks "are just speculation." He emphasizes the importance of investors establishing a "foundation" and an "investment process" that filters out speculative plays. Walsh advises investors to "get away from the idea of making a big score" and instead focus on factors such as a company's earnings and profitability. This approach promotes a more disciplined investment strategy, he adds. For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Angel Smith
Secretary of State Antony Blinken met with China’s President Xi Jinping and other Beijing officials as differences between the two nations grow on a number of issues. Blinken said he outlined the U.S. worries with China, mentioning Beijing’s backing of Russia’s invasion of Ukraine, which has surpassed the two-year mark, and Taiwan. “Russia would struggle…
“The government is not interested in making this work for consumers and business."
Toronto police have identified a man who plunged to his death from an eighth-floor balcony downtown late Wednesday in the city's latest homicide.Ryan Williams, 38, of Toronto, fell from a balcony just before midnight at a highrise in the area of Church and Shuter streets, police said in a news release on Thursday.Paramedics say they transported a man to a trauma centre. He was pronounced dead in hospital, according to police.Williams is the city's 24th homicide victim of the year.Police have sai
Michael M. Santiago/GettyDonald Trump used his break between court sessions to wish wife Melania a very happy birthday with a message focused mostly on himself. “I want to start by wishing my wife Melania a very happy birthday. It would be nice to be with her—but I’m in a courthouse for a rigged trial,” grumbled the former president, who is facing 34 felony counts for allegedly falsifying business records to cover up an affair that could’ve hurt him in the 2016 presidential election. PRESIDENT T
A Secret Service agent assigned to Vice President Kamala Harris’ detail was removed from their assignment after displaying behavior that colleagues found “distressing,” the agency said.
Sabrina Carpenter went braless wearing the Mirror Palais Anemone Dress in butter featuring illusion tulle adorned with lace appliqués along the neckline and hem
The House Democrat named the "most astonishing" thing he heard from one justice after the court heard arguments on Donald Trump's immunity claim.
Jill Cornick, 82, is out of work for the first time in her life after being told the Clarks shop she worked in since 1956 in Dorset was closing.
Kylie Jenner shares Instagram selfies of her new bleached eyebrow look for 2024. She looks so different, with the ash-blonde look.
As Greene threatens to oust House Speaker Johnson over his support for Ukraine aid, a rift has ruptured in the MAGA Media landscape.
Laurence Tribe pulled no punches over what he described as a “shameful performance by the court.”
"I'm trying to understand what the disincentive is from turning the Oval Office into the seat of criminal activity in this country," Supreme Court Justice Ketanji Brown Jackson said.
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