Ford Motor’s operations in China generated approximately $600 million in earnings last year, a notable achievement given the challenging market environment, CEO Jim Farley announced Thursday evening. “I’m happy to say that Ford makes money in China, and I’m very proud of that, because not many [automakers] can say that,” Farley stated after revealing a…
Author: Casey Bennett
Casey Bennett brings over 15 years of newsroom experience to their role as Editor-in-Chief at Report Herald. A firm believer that journalism should challenge the status quo, Casey has led award-winning investigations into government accountability, education reform, and media ethics.
Meta and Amazon Have To Step Back From Heavily Pushed Diversity Programs
Meta and Amazon are scaling back their diversity initiatives, aligning with other companies across corporate America retreating from hiring and training programs criticized by conservatives due to legal and political risks. These decisions follow Meta Platforms’ announcement that it would discontinue a fact-checking program criticized by President-elect Donald Trump and Republicans. In a memo to…
Amazon Winter Sale 2025, Sale Items & Discount Deals
Three notable events this week make Amazon’s Winter Sale deals exceptionally timely: 1) The Golden Globes launched the awards season, meaning many of the year’s top films are now available to stream or rent. 2) The NFL regular season has ended, and playoff excitement kicks off this weekend. 3) The weather in many parts of…
JPMorgan Chase is Laying Off All Remote Employees
It’s JPMorgan Chase’s turn. Following in the footsteps of companies like AT&T, Amazon, and Walmart, the largest bank in the U.S. is reportedly planning to end remote work. The bank’s more than 300,000 employees may soon be required to return to the office full-time, five days a week. In April 2023, JPMorgan mandated that its…
McDonald’s New Value Deal Bringing 1 Dollar Meals
Remember when being a “Dollar Menu-naire” was a thing? These days, it feels like nothing truly costs $1 anymore. Over a year ago, McDonald’s customers expressed frustration over the lack of $1 options, but now it seems the fast-food giant is making amends. As of Jan. 7, the world’s largest fast-food chain has reintroduced $1…
Tencent and Other Chinese Companies Have Proven Ties With Military, US Defense Department Reveals
The U.S. Department of Defense has added dozens of Chinese companies, including gaming and technology giant Tencent, artificial intelligence firm SenseTime, and the world’s largest battery manufacturer CATL, to its list of companies it alleges have ties to China’s military. In recent years, Washington has intensified efforts to limit the sharing of advanced technologies such…
Chinese Stock Market Enters A Low Phase With New Year Starting Trends
Asian stocks have now fallen for a fourth consecutive session, driven by diminished expectations for Federal Reserve interest rate cuts and a continued selloff in Chinese equities. The MSCI Asia Pacific excluding Japan Index dropped as much as 1.7%, hitting its lowest level since August of last year. Key contributors to this regional decline included…
NHTSA Investigation Against Tesla Over Crashes Due To Auto-Summon Function
The National Highway Traffic Safety Administration (NHTSA) has opened an investigation into crashes reportedly linked to Tesla’s “Actually Smart Summon” feature. This parking assist feature allows Tesla owners to summon their vehicles from a parking space without being inside the car. The preliminary investigation involves approximately 2.6 million Tesla vehicles equipped with this technology and…
Ted Farnsworth, Creator of MoviePass Pleads Guilty To Fraud Charges
Ted Farnsworth, the creator of MoviePass’ ill-fated $9.95-a-month subscription plan, pleaded guilty on Tuesday to defrauding investors in the company. In addition to the MoviePass case, Farnsworth also admitted guilt to a conspiracy charge related to a separate scheme involving a fabricated video-sharing platform. Prosecutors allege that he orchestrated this second scheme while under investigation…
Nippon Steel is Resolute On Acquiring US Steel For $15 Billion Despite Biden’s Block
Nippon Steel remains resolute in its $15 billion acquisition bid for U.S. Steel, Chief Executive Eiji Hashimoto stated on Tuesday, following President Joe Biden’s decision to block the Japanese steelmaker’s attempt. “There is no reason or need to give up,” Hashimoto told reporters at the company’s Tokyo headquarters. “We are convinced it’s clearly beneficial for…