Business
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Slate Auto Bets on $25,000 Pickup to Reach Profitability
With a price tag starting at $24,950, Michigan-based Slate Auto is positioning its electric pickup to defy an industry trend defined by heavy losses. CEO Peter Faricy claims the startup will achieve gross margin positivity on every vehicle produced, aiming for overall free cash flow by 2027 despite a volatile market.
FedEx Tops Estimates as Freight Spin-off Reshapes Operations
FedEx surpassed Wall Street expectations in its fiscal fourth quarter, delivering adjusted earnings of $6.31 per share on $25.01 billion in revenue. The results serve as a final performance marker for the company’s legacy structure before the official June 1 spin-off of its freight business into a standalone entity.
PGA Tour Overhauls Competition with New Two-Track System
PGA Tour CEO Brian Rolapp has unveiled a sweeping structural overhaul for professional golf, set to launch in 2028. The plan replaces the current tour schedule with a two-tiered system of premier and qualifying circuits, aiming to prioritize meritocracy and simplify the competitive landscape for fans and players alike.
Lucid Motors axes 18% of staff as COO departs
Target Investors Signal Growing Discontent With Brian Cornell
UPS Bets $48 Million on Cold-Chain Logistics Expansion
SNAP benefit restrictions threaten $830 million in food sales
Shanghai Disneyland marks a decade of resilience
NBA Targets 2027 Launch for New 12-Team European League
California’s IPO tax windfall faces a reality check
Hollister and Target Bet on Dorm Decor to Capture College Spending
CarMax shares slide as margin pressure clouds earnings beat
JetBlue Shifts Focus to Florida as New York Bases Close
UniQure Pursues FDA Approval for Huntington’s Gene Therapy
LGBTQ+ shoppers shift spending as corporate DEI support falters
Carvana pivots to new car sales with a digital-first showroom model
CNBC Adds WNBA Simulcasts to Capitalize on League Growth
Fox gambles on Roku in $22 billion streaming play
Rivian Trims Workforce as R2 Launch Faces Market Headwinds
General Motors and Lockheed Martin Forge Defense Manufacturing Alliance
Carvana Challenges the Century-Old Dealership Model
Yum Brands Offloads Pizza Hut in $2.7 Billion Split
Centene Launches Voluntary Buyouts Amid Medicaid Funding Squeeze
Fox Targets Streaming Dominance With $22 Billion Roku Acquisition
KFC pivots to boneless menu to reclaim market dominance
JetBlue cements dominance at Fort Lauderdale-Hollywood International
Rivian CEO RJ Scaringe Bets on Humanoid Robotics
Beyond the Weekly Shot: The Next Frontier in Obesity Treatment
DOJ clears path for Paramount’s $110 billion acquisition of WBD
