Ford E-Transit Custom

CNN Business
As Americans trim spending, these cheap steakhouses are booming
“God I love Texas Roadhouse,” began one thread on Reddit, with over 1,000 upvotes. “Texas Roadhouse never disappoints,” began another, with over 5,000 votes. A third touted the “incredible value.”
CNN
World’s best airline for 2024 named by Skytrax
Middle Eastern carrier knocks Singapore off the top spot at the Oscars of the aviation world as North American airlines miss out on prizes once again.
Business Insider
These are the best airlines in the world, according to a survey of travelers — see the full list
Airline rating company Skytrax released its 2024 list of the best airlines in the world. Qatar Airways took the top spot over Singapore Airlines.
The Telegraph
Aldi risks fines of up to £600m in Australian crackdown on supermarkets
Aldi faces the threat of fines of up to £600m in Australia as the country’s Left-wing government mounts a clampdown on supermarkets.
Popular Mechanics
A Stunning Leap in Engineering Just Made Solid-State Batteries 100x Better
These new solid-state batteries offer 100 times more energy density, revolutionizing wearables and small devices with safer and longer-lasting power
Associated Press
The Supreme Court will consider reinstating a critical approval for a rail project in eastern Utah
The Supreme Court agreed on Monday to consider reviving a critical approval for a railroad project that would carry crude oil and boost fossil fuel production in rural eastern Utah. The justices will review an appeals court ruling that overturned the approval issued by the Surface Transportation Board for the Uinta Basin Railway, an 88-mile (142-kilometer) railroad line. The rail line would connect oil and gas producers in rural Utah to the broader rail network, allowing them to access larger markets and ultimately sell to refineries near the Gulf of Mexico.
CoinMarketCap
Bitcoin’s Key Indicators Flash Bullish Signals, According to Trader
Popular trader Roman recently highlighted two classic technical indicators for BTC/USD, suggesting that Bitcoin (BTC) could be setting the stage for a significant price breakout.
NY Post
Tesla has cut 14% of workforce since start of 2024 — laying off more than 19,000 employees
As of Friday, Tesla's internal email list numbered 121,000 people -- down from a global workforce of 140,473 as of Dec. 31 of last year.
Jalopnik
Fisker's Debtors Fight For The Scraps
Good morning! It’s Monday, June 24, 2024, and this is The Morning Shift, your daily roundup of the top automotive headlines from around the world, in one place. Here are the important stories you need to know.
Zacks
4 Oil Companies Capitalizing on Booming Permian Production
EOG, FANG, XOM and MTDR, with their vast resources and strategic positioning, are poised to leverage the Permian's output for substantial returns.
Barrons.com
Nvidia Stock Rebounds After Slump. Super Micro Also Recovers as Chip Sector Steadies.
Nvidia stock looks to have been hit by fears over a potentially stretched valuation. Companies seen as associated with its success also looked to be leveling out with server maker Super Micro Computer recovering.
Reuters
Exxon-led Guyana oil group's net jumps in 2023, margins top Nvidia's
Guyana's lucrative agreement with an Exxon Mobil-led consortium in the South American country last year generated $6.33 billion for the partners, government data showed, yielding a net margin larger than that of chip-maker Nvidia Corp. The trio's combined net margin was 56%, greater than the 49% Nvidia earned in its most recent fiscal year. The Stabroek offshore oil venture's 2023 revenue soared 23% over the prior year, to $11.25 billion, as the addition of a third production vessel expanded output.
Barrons.com
Warren Buffett Doesn’t Like Stock Splits, but He Might Like Chipotle. Here’s Why, and 4 Other Things to Know Today.
Boeing rival Airbus’ supply-chain issues force guidance cuts, Target’s third-party marketplace expansion takes aim at Amazon and Walmart, more news to start your day.
The Independent
Hooters closing dozens of underperforming restaurants as inflation wreaks havoc on industry
The company did not say how many locations are closing
Offshore Technology
EU not fully prepared for next natural gas crisis, says bloc’s auditing body
The EU's reliance on Russia has dropped from more than 40% of total gas supplies in 2021 to around 15% in 2023.
Barrons.com
Airbus Slashes Its Guidance. What It Means for Boeing, GE.
The jet manufacturer expects to earn about $5.9 billion in 2024 operating profit. Wall Street was looking for more.
Reuters
Sanctions damaging safety at sea, says sanctioned ship group Sovcomflot
Sanctions on shipping companies are undermining safety at sea and pose dangers for trade as ship standards are impacted, the chief executive of sanctioned Russian shipping group Sovcomflot said. The European Union imposed sanctions on Russia's state-owned and top tanker company Sovcomflot (SCF) and its CEO Igor Tonkovidov, according to the measures published in the EU's Official Journal on Monday. Earlier this year, the U.S. Treasury's enforcement arm OFAC separately designated 14 crude oil tankers as property in which Sovcomflot has an interest.
Yahoo Finance Video
Analysts underestimated how quickly AI would grow: Arm CEO
Arm Holdings (ARM) was added to the Nasdaq 100 (^NDX) on Monday as shares are up nearly 140% since its public debut in September. Arm Holdings CEO Rene Haas joins Market Domination Overtime to discuss the milestone and the British semiconductor company's outlook. Haas states that AI "is going to really, really change people's lives in terms of productivity, whether that's call centers that can become 100% automated, healthcare, bio-research where you can cut the research of a cancer drug from ten years to five years to three years. This is all going to be capable with AI. And then every device that we use, the data center, the automobile, your PC, your smartphone, they all need to run AI. There's no quibble around that." He notes that 70% of the world's devices use Arm chips, positioning them well in the overall AI race. He adds, "I think respectfully, the analysts maybe didn't quite understand or have an appreciation at the pace of which things were moving," pointing to how quickly AI has grown. He believes the technology will be a tailwind for both smartphones and Arm, stating, "Since most of these devices are already Arm-based and the software runs on Arm, it's pretty natural that we're going to be in the center of all of that." For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Melanie Riehl
Business Insider
22 people dead after fire rips through South Korean lithium battery factory
Local fire officials told Reuters that the fire at the Aricell battery factory in Hwaseong began after several battery cells exploded.
Yahoo Finance Video
McDonald's officially adds $5 value meal to menu
McDonald's (MCD) is joining the ranks of fast food chains adapting to economic pressures by introducing a new value meal option. Starting June 25, the global fast food giant will add a $5 value meal to its menu, a move aimed at addressing growing cost consciousness among consumers. This strategic decision comes amid a broader trend in the fast food industry, with numerous chains rolling out similar value-focused offerings. Yahoo Finance's Brooke DiPalma breaks down the details. 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

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