Category: Companies

Calls for Boycott of North Face Grow After Company Uses Drag Queen in Ads

As Target deals with a boycott after featuring pro-LBGT clothing for children, some prominent conservatives on social media are targeting another company for its clothes. North Face, the maker of jackets and hiking clothing, launched a campaign with a drag queen for its “Summer of Pride” ad blitz. In a post, a drag queen says he’s…


South Korea Detains Passenger After Asiana Plane Door Opened Mid-Air

SEOUL—South Korean police on Friday detained a man who opened a door of an Asiana Airlines plane minutes before it was due to land in the city of Daegu, causing panic among the passengers, officials said. The Airbus A321-200 plane landed safely at around 12:40 p.m. (0340 GMT). It had set off from the holiday…


Trump to Join Fox News’ Sean Hannity for 2nd Town Hall

Former President Donald Trump, the current frontrunner for the GOP presidential nomination in 2024, is set to partake in a town hall hosted by Fox News next week, NTD has learned. A spokesperson for the network confirmed with NTD early Friday that the event is set to be pre-taped in Clive, Iowa, on June 1…


Wall Street Opens Higher on Hopes of Debt Deal Breakthrough

Wall Street’s main indexes opened higher on Friday, buoyed by progress in negotiations over raising the U.S. debt ceiling, though data pointing to slightly hotter-than-expected inflation capped gains. The Dow Jones Industrial Average rose 30.85 points, or 0.09 percent, at the open to 32,795.50. The S&P 500 opened higher by 4.88 points, or 0.12 percent,…


Hyundai Motor Group, LG Energy Jointly Investing $4.3 Billion in EV Battery Plant in Georgia

South Korea’s Hyundai Motor Group and LG Energy Solution Ltd. plan to invest 5.7 trillion won ($4.3 billion) to build an electric vehicle (EV) battery plant in the United States as part of a push to “drive the EV transition in America” and take advantage of tax credits provided by the Inflation Reduction Act (IRA). The two companies…


Investors Hold Their Breath as US Debt Talks Edge Towards Deal

LONDON—Global stock markets were muted on Friday, with investors holding their breath as the White House and U.S. lawmakers edged towards a deal on funding government spending to avoid an economy-shattering default. U.S. President Joe Biden and top congressional Republican Kevin McCarthy are closing in on an agreement that would raise the government’s $31.4 trillion…


Twitter Engineering Chief Resigns Day After DeSantis Campaign Launch Glitches

A senior Twitter engineer resigned on Thursday following glitches that marred the highly anticipated Twitter Spaces event in which Florida Gov. Ron DeSantis announced his presidential bid. Foad Dabiri, whose LinkedIn profile says he is Twitter’s engineering lead for growth, announced his resignation but did not mention what prompted the move. In his resignation statement,…


Ford EV Customers to Access Tesla’s 12,000 Superchargers

Ford EV customers will gain access to Tesla’s 12,000 high-speed Superchargers in North America in early 2024, according to the CEOs of the two companies. Ford CEO Jim Farley disclosed the deal during a live chat with Tesla CEO Elon Musk on Twitter Spaces on Thursday. The deal makes Ford the first major car manufacturer…


Shell Agrees to Pay $10 Million for Air Pollution at Massive New Pennsylvania Petrochemical Plant

Shell has agreed to pay $10 million to resolve allegations that it polluted the air around its massive new petrochemical refinery in western Pennsylvania, the administration of Gov. Josh Shapiro announced Wednesday. Shell acknowledged that the plant, located along the Ohio River about 30 miles outside of Pittsburgh, violated air emissions limits, officials said. The…


Chip Giant Nvidia Nears Trillion-Dollar Status on AI Bet

Nvidia Corp. surged 24 percent on Thursday in one of the largest one-day gains in value for a U.S. stock, after its stellar revenue forecast showed that Wall Street has yet to price in the game-changing potential of AI. The surge more than doubled the stock’s value for this year and increased the chip designer’s…