The U.S. Consumer Product Safety Commission (CPSC) on Thursday approved a repair for a rear guard of Peloton Interactive Inc.’s recalled ‘Tread+’ treadmill. The fitness equipment maker had announced a costly recall of its ‘Tread+’ treadmill in 2021 following the reports of multiple injuries and the death of a child in an accident. Shares of…
Top Toyota Scientist Throws Cold Water on Electric Vehicle Push
May 18, 2023
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A top Toyota scientist warned against the sudden push toward electric vehicles for now, ahead of a Group of Seven summit in Japan. Last month, environment and energy ministers at the G7 conference in Hokkaido, Japan, pledged to reduce vehicle emissions by 2035, without announcing any deadlines or short-term goals in the meantime, reported Bloomberg….
Fox News Spokesperson Responds to Laura Ingraham Rumors
Fox News responded to online rumors this week claiming that it would part ways with host Laura Ingraham amid rumors that the network would be changing its primetime lineup in the wake of Tucker Carlson’s exit. A spokesperson for Fox told The Epoch Times that “reports based on various tweets by left wing activists are…
Water Companies Apologise for Sewage Spills, Announce £10 Billion Modernisation Plan
Water and sewage companies in England have apologised for sewage spills in rivers and seas and announced the biggest modernisation of sewers since the Victorian era. The upgrade of the sewage system will cost £10 billion in the next 10 years, announced Water UK, a membership body representing the UK water industry. To make amends…
JPMorgan Chase Defeats Shareholder Proposal to Investigate Allegations of Political, Religious Discrimination
May 18, 2023
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In the spring of 2022, Sam Brownback, a former U.S. senator, governor of Kansas, and U.S. ambassador, co-founded the National Committee for Religious Freedom (NCRF) to, in his words, “protect the right to the free exercise of faith for all Americans.” NCRF’s board members decided to set up the non-profit’s bank accounts at JPMorgan Chase….
IN-DEPTH: JPMorgan Chase Faces Backlash Over Alleged Discrimination Against Religious and Conservative Groups
May 18, 2023
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Business & Marketscancel cultureCompaniesdebankingeconomic policiesFeatured TopicsInvestmentJPMorgan Chasepersonal financereligious discriminationUSviewpoint diversity
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In the spring of 2022, Sam Brownback, a former U.S. senator, governor of Kansas, and U.S. ambassador, co-founded the National Committee for Religious Freedom (NCRF) to, in his words, “protect the right to the free exercise of faith for all Americans.” NCRF’s board members decided to set up the non-profit’s bank accounts at JPMorgan Chase….
TuSimple to Restructure US Business, Lay Off 30 Percent Staff
TuSimple Holdings Inc. said on Thursday it will cut 30 percent of its workforce in the United States under a restructuring as the autonomous driving technology company looks to preserve its balance sheet amid a funding crunch in the sector. The shares of the company fell more than 8 percent in premarket trading. The San…
Ford Recalls SUVs, Some for a 2nd Time, to Fix Rear Camera Display
DETROIT—Ford is recalling over 422,000 SUVs in the United States because the image from the rear camera may not be displayed. The recall covers certain Ford Explorers and Lincoln Aviators from the 2020 through 2023 model years, as well as 2020 through 2022 Lincoln Corsairs. All have 360-degree cameras. Some of the vehicles were recalled…
Royal Mail Reports Loss of £1 Billion After Year of Strikes
Royal Mail has suffered a full-year loss of more than £1 billion, leaving it trading at a loss as it recovers from the impacts of industrial action. A 94-page document (pdf) by Royal Mail’s owner International Distributions Services (IDS), reported that the group swung to an operating loss of £1.04 billion for the year to…
Disney Asks Court to Dismiss Desantis-Backed Lawsuit in Latest Twist
May 18, 2023
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Business & MarketsCompanieseconomic policieseconomyFloridaPoliticsReedy Creek Improvement DistrictRegional & State NewsRepublicansron desantisState NewsUSUS NewsWalt Disney World
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The Walt Disney Company asked a Florida court to dismiss a lawsuit filed by the board of supervisors appointed by Gov. Ron DeSantis to oversee Walt Disney World’s theme park operations. DeSantis took over Disney World’s self-governing district through legislation passed by the Florida legislature before appointing new overseers to run it. The entertainment company’s…
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