Back in 1989, Ford’s (F) message to the driving public was “Quality is Job 1.”At the time, Ford was looking to challenge the rise of Japanese imports, according to Autoweek, and began a major push to improve and embrace quality in the late 1970s and early 1980s.Related: Ford’s latest in-car tech will make driving very annoyingRonald Reagan was president of the United States, the Berlin Wall was coming down, gasoline was going for a buck a gallon, and the average cost of a car was $12,000.And that’s the year Ted Cannis started working at Ford. Now, after 35 years, Cannis,…
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(Reuters) – Futures tied to Canada’s main stock index rose on Friday, aided by higher commodity prices, after markets raised their bets for a larger rate cut by the U.S. Federal Reserve next week.September futures on the S&P/TSX index were up 0.3% at 06:15 a.m. ET (1015 GMT).Global markets reacted positively to a sudden spike in bets for a hefty, half-point rate cut in the United States on Sept. 18, after reports from the Financial Times and Wall Street Journal termed the imminent policy decision “a close call”.Former New York Fed President Bill Dudley’s statement at a forum in Singapore…
(Reuters) – Futures tied to Canada’s main stock index rose on Friday, aided by higher commodity prices, after markets raised their bets for a larger rate cut by the U.S. Federal Reserve next week.September futures on the S&P/TSX index were up 0.3% at 06:15 a.m. ET (1015 GMT).Global markets reacted positively to a sudden spike in bets for a hefty, half-point rate cut in the United States on Sept. 18, after reports from the Financial Times and Wall Street Journal termed the imminent policy decision “a close call”.Former New York Fed President Bill Dudley’s statement at a forum in Singapore…
Between March 2022 and July 2023, the Federal Reserve raised its benchmark rate 11 times. As a result, savings interest rates rose sharply. And even though the Fed has since paused further rate hikes, savings interest rates have held steady. So, if you’re looking for the best rates available today, here’s a breakdown of where to find them.What bank currently has the highest savings interest rate?Although savings interest rates are elevated by historical standards, the national average rate for savings accounts is still just 0.46%, according to the FDIC. The good news: Top high-yield savings accounts offer upwards of 5%…
Real estate stocks have faced an uphill battle ever since the Federal Reserve began raising interest rates in 2022. Increased interest rates have affected borrowing costs and the overall demand for real estate, leading to a challenging environment for real estate investors and homebuyers.Redfin (NASDAQ: RDFN) is one company that has faced significant challenges due to the sharp decline in housing activity. The real estate company has reduced expenses and discontinued unprofitable ventures to adapt to the tough environment. It has also implemented changes to attract more agents to its platform as it anticipates a pickup in housing activity.The good…
Was North Wilkesboro Speedway home base for some moonshine runners after all?Speedway Motorsports Inc. officials have unearthed the possibility.During last week’s grandstand cleaning and inspection process of North Wilkesboro Speedway — the long-abandoned racetrack in the foothills of North Carolina that was resurrected for last year’s NASCAR All-Star Race — SMI operations staff discovered cracks in the original concrete, according to a press release. Crews then began removing seats to evaluate the extent of the damage and came upon an open area of approximately 700-square-feet underneath the concrete — a cave, if you will.No moonshine still has been found, officials…
HONG KONG (AP) — Global stocks were mixed Friday after stocks in the United States pulled closer to their record… HONG KONG (AP) — Global stocks were mixed Friday after stocks in the United States pulled closer to their record highs following economic reports that came in close to expectations. European markets were mostly higher in early trading Friday after the European Central Bank reduced interest rates again on Thursday to support sluggish growth as inflation continues to subside. France’s CAC 40 rose 0.3% to 7,454.10, and Germany’s DAX added 0.4% to 18,595.43. Britain’s FTSE 100 edged down 0.1% to…
Short Term Elliott Wave view on DAX suggests that the Index is correcting cycle from 8.5.2024 low in 3, 7, or 11 swing before it resumes higher. The pullback on 8.5.2024 towards 17024.6 ended wave ((4)). The Index has turned higher in wave ((5)) with internal subdivision as an impulse Elliott Wave structure. Up from wave ((4)), wave ((i)) ended at 17505.23 and wave ((ii)) pullback ended at 17233.07. Wave ((iii)) higher ended at 17666.82 and pullback in wave ((iv)) ended at 17439.87. Wave ((v)) higher ended at 18920.1 which completed wave 1 in higher degree. Dips in wave 2…
Four-member K-pop band Blackpink, which debuted in 2016, is now planning a new album and world tour with YG Entertainment. Photo: Image Press Agency/Alamy Live News (Image Press Agency, Image Press Agency)YG Entertainment (122870.KQ)YG Entertainment Inc. has confirmed that all four members of K-Pop group Blackpink have renewed their contracts with the agency amid concerns about the band’s split.The new contract is believed to be among the most lucrative signed by any music group this year.Shares surged almost 26% on the back of the news, the biggest daily jump since it went public in 2011.It comes as Blackpink, a four-member…
Analysis by Chris Isidore, CNN New York (CNN) — The Dow Jones Industrial Average is supposed to represent the 30 companies that are cornerstones of the US economy, those whose success makes them stand out from their peers on the New York Stock Exchange and Nasdaq. For most of the last five years, that has not described Boeing (BA). And so it’s a legitimate question if the aircraft maker still belongs in the blue-chip index. And it’s a question with only one correct answer: No. “If you want bellwether, strong balance sheet companies, they don’t check those boxes any longer,”…