Stellantis delays Ram electric pickup trucks until 2025

Stellantis’ Ram 1500 Revolution battery-electric concept pickup truck is introduced during a keynote address by Stellantis CEO Carlos Tavaras during CES 2023 at The Venetian Resort Las Vegas on January 05, 2023 in Las Vegas, Nevada.  Ethan Miller | Getty Images DETROIT — Stellantis is delaying the launch of its Ram electric pickup trucks from…

Walmart beats earnings expectations as cost-conscious shoppers seek out deals

Walmart reported earnings and revenue that beat expectations as shoppers slammed by sticky inflation flocked to the discount chain to start their holiday shopping. In the three months ended Oct. 31, Walmart reported adjusted earnings per share of 58 cents, above expectations of 53 cents. The company posted revenue of $169.6 billion, above expectations of…

Jersey Mike’s Subs acquired by Blackstone in $8B deal

Blackstone has agreed to buy Jersey Mike’s Subs, the sandwich chain said Tuesday, in a deal that a source said valued the company at around $8 billion, including debt. Reuters had reported on Monday, citing a person familiar with the matter, that Blackstone was nearing a deal for Jersey Mike’s. The deal, which is expected to close in early 2025, underscores private equity (PE) firms’ increasing interest…

Sam Altman seeks backers for AI chipmaker to challenge Nvidia: source

Sam Altman is personally pitching OpenAI investors on backing an upstart challenger to chipmaking giant Nvidia — even as Nvidia reportedly ramps up its business ties with Elon Musk, The Post has learned. The OpenAI CEO is promoting an upcoming $150 million second round of financing that values Rain AI — a fledgling manufacturer of…

Hiltzik: Will RFK Jr.’s legacy be a sicker America?

In a tweet he posted shortly before the election, Robert F. Kennedy Jr. took arms against the Food and Drug Administration and its scientists. “The FDA’s war on public health is about to end,” he wrote, decrying the agency’s “aggressive suppression” of such worthless anti-COVID nostrums as ivermectin and hydroxychloroquine. “If you work for the…

Mulberry cuts jobs in Somerset in ‘rebuild’ after sales plunge

PA The fashion brand said it is completing an internal review, with the aim of creating a “leaner” operation The boss of luxury retail company Mulberry says he needs to “rebuild the business”, after sales dropped by almost a fifth in the past six months. The Somerset-based designer company told shareholders group revenues fell by…

CNN’s Dana Bash talks neo-Nazi marchers in Columbus, Ohio

CNN anchor Dana Bash said she wasn’t certain whether a group of Neo-Nazis marching in Ohio were extremists from the far right or the far left during an interview with a Democratic lawmaker from the state — sparking fury among liberals on social media. Bash, who was recently accosted by a left-wing pro-Palestinian demonstrator at…

Reuters hires former Post and AP executive editor Sally Buzbee to lead U.S., Canada news operation

Reuters has hired Sally Buzbee, former executive editor of the Washington Post and Associated Press, to be its top news editor in the United States and Canada NEW YORK — Sally Buzbee, the former executive editor of The Washington Post and The Associated Press, is joining Reuters as the news agency’s top editor for the…

Jon Stewart slams ‘Morning Joe’ hosts’ hypocrisy over meeting with Trump

“The Daily Show” host Jon Stewart mocked “Morning Joe” co-hosts Joe Scarborough and Mika Brzezinski for their hypocrisy in rushing to meet with President-elect Donald Trump — after the pair parroted Democrats who called him a danger to democracy. Stewart played a clip of the MSNBC hosts explaining their decision to travel to Mar-a-Lago during his…

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