Toyota Just Cut its June Global Production Target Yet Again

picture: Toyota Toyota will produce 150,000 fewer vehicles globally this coming month than it originally planned, BMW could make its Mexico facility the base of its EV production operations and Sony is finding big business in supplying image sensors for the future of assisted and autonomous driving. All that and more in this Happy Friday … Read more

China’s fragility feeds the doom mongers in Davos – POLITICO

What a difference five years makes. Davos has gone from debating China’s seemingly indomitable rise to fretting about its weakness. When Chinese President Xi Jinping took the stage at the World Economic Forum in 2017, he was the man of the moment. Standing at the podium in the exclusive Swiss resort town for the first … Read more

Uvalde school shooting, Texas: Shooter was in school for up to an hour before law enforcement broke into room where he was barricaded and killed him

Uvalde, Texas CNN  —  The gunman who killed 19 students and two teachers at a Texas elementary school Tuesday was on the premises for up to an hour before law enforcement forcibly entered a classroom and killed him, officials said Wednesday. “It’s going to be within, like 40 minutes or something, (within) an hour,” Texas … Read more

Wendy Williams Placed Under Financial Guardianship

Wendy Williams attends Annual Charity Day hosted by Cantor Fitzgerald, BGC and GFI on September 11, 2018 in New York Robin Marchant for Cantor Fitzgerald (Getty Images) It seems the financial feud between veteran radio and TV host Wendy-Williams and her bank, Wells Fargo, appears to be ongoing—as it was revealed over the weekend … Read more

Starbucks is leaving Russia for good

New York CNN Business — Starbucks is leaving Russia for good. The coffee company paused its operations and stopped shipments of its products to Russia in March. Now, it “has made the decision to exit and no longer have a brand presence in the market,” Starbucks said in a brief statement Monday. Employees in the … Read more

Pfizer and Moderna created life-saving vaccines and their stocks soared last year. What now?

New York CNN Business — Pfizer, BioNTech and Moderna are experiencing a post-vaccine hangover on Wall Street this year. All three stocks emerged spectacularly in 2021, thanks largely to their Covid-19 vaccines’ success and strong sales. But 2022 hasn’t been as kind to them. Shares of Pfizer (PFE) are down about 15%, while its Comirnaty … Read more

When to Book the Cheapest Summer Flights

photo: ImYanis (Shutterstock) This is the third summer of the COVID-19 pandemic, and people are ready to travel. Over the past two years, so many vacation plans have been cancelled, only to be rescheduled and canceled again. Now more than ever, increasing numbers of people are ready to pretend the pandemic is over and book … Read more

Applebee’s doesn’t want to answer your takeout calls anymore

New York CNN Business — Believe it or not, people still order takeout using the phone. Applebee’s doesn’t want to take those calls anymore. It wants to outsource those orders to call centers, where a person or automated system will take your orders and also try to upsell you a little. More than half of … Read more

EA Was Deep In Merger Talks With NBCUniversal

photo: Christian Peterson (Getty Images) The video game market is consolidating like never before, and Electronic Arts is scrambling like everyone else. the Battlefield and FIFA maker recently pursued a merger with NBCUniversal, and also held potential acquisition talks with Disney, Apple, and other companies, according to a new report by puck. While a deal … Read more

Twitter launches a crisis misinformation policy

Washington CNN Business — Twitter will now apply warning labels to — and cease recommending — claims that outside experts have identified as misinformation during fast-moving times of crisis, the social media company said Thursday. The platform’s new crisis misinformation policy is designed to slow the spread of viral falsehoods during natural disasters, armed conflict … Read more