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5 prominent U.S. companies are most at fault for the earnings recession

With the S & P 500 suffering from earnings recession for the first time since 2017, a few big names deserve most of the blame. S & P 500                                                                                                                                                                                                                       SPX, -0.14% components falling for the second consecutive quarter, a trend referred to as an earnings recession. Profits dropped …

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Harley-Davidson stops electric motorcycle production due to a charging problem

Harley-Davidson has temporarily stopped production and shipping of its first electric motorcycle, LiveWire, due to a problem with the motorcycle's charging equipment, first reported by the Wall Street Journal . The company told Journal that LiveWire bikes are still safe, but it is asking its first customers to charge the $ 30,000 electric motorcycle only from dealers. Voltage sockets as …

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Faraday Future Founder Filed for Chapter 11 Insolvency

In the proposed plan, Yueting will use its stake in the long-suffering, financially troubled EV startup Faraday Future to build creditor confidence and repay its debt. That's not a complete surprise. Yueting resigned as CEO last month to build that trust. According to Faraday Future, the restructuring will not affect the company's normal business offer and in fact help to …

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Harley-Davidson discontinues production of electric motorcycles

FILE Photo: Harley-Davidson Vice President Marc McAllister speaks with Tom Gebhardt, chairman and CEO of Panasonic Corporation of North America, about the Harley-Davidson LiveWire Electric Motorcycle (CES) during a Panasonic press conference at the 2019 Consumer Electronics Show ) in Las Vegas, Nevada, USA, January 7, 2019. REUTERS / Steve Marcus / File Photo CHICAGO (Reuters) – Harley-Davidson Inc ( …

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Faraday Future Founder Filed for Chapter 11 Insolvency

Faraday Future founder and former CEO Jia Yueting filed for bankruptcy with the Delaware court to settle his countless debts in China. The Chinese tycoon claims it owes more than $ 100 billion to over $ 3.6 billion, largely due to the collapse of LeEco, the technology conglomerate founded there. The bankruptcy filing signifies a major turnaround in the history …

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Shipping giant Pitney Bowes hit by ransomware – TechCrunch

The shipping giant Pitney Bowes has confirmed a cyberattack on his systems. The company stated in a statement that its systems were affected by a "malware attack" that encrypted information on its systems. 19659002] "At this point in time, the company has not seen any evidence that customer or employee data has been properly accessed," the statement said. However, many …

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What has been settled and what is unresolved between GM and UAW

CLOSE Autoplay Show Thumbnails Show Captions Last SlideNext Slide Early Monday morning, three major sticking points between General Motors and the UAW negotiators as they pressed closer became a new preliminary Contract. The two sides worked many hours over the weekend and ended around 10pm Sunday. The negotiators met at the main table Monday morning as some 46,000 UAW workers …

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