BUSINESS NEWS
- Ford CEO Jim Farley said Trump would halve the EV market by ending subsidies. Now he’s writing down $19.5 billion amid a ‘customer-driven’ shift
by Marco Quiroz-Gutierrez on December 16, 2025 at 7:40 pmMonths ago Farley said the EV market would shrink to 5% of the U.S. vehicle market.
- The labor market’s holiday present for America: the highest unemployment in 4 years. It might be ‘noisy’ but the jobs just aren’t there
by Eva Roytburg, Nick Lichtenberg on December 16, 2025 at 6:54 pmThe November jobs report showed unemployment rose to a four-year-high.
- A SpaceX IPO could be the largest public offering of all time—and Elon Musk’s biggest headache
by Jessica Mathews on December 16, 2025 at 6:51 pmMusk’s space company had avoided much of the scrutiny, criticism, and regulatory burden that comes with going public.
- As Americans continue to feel the pain from tariffs and inflation, Lidl launches holiday meal deal for less than $4 per person
by Nino Paoli on December 16, 2025 at 6:47 pmThe total 12-person meal costs $42.66 as Americans’ affordability concerns grow.
- OpenAI releases new image model as it races to outpace Google’s Nano Banana amid company Code Red
by Sharon Goldman on December 16, 2025 at 6:02 pmThe update follows Sam Altman’s internal “Code Red” push, as OpenAI races to counter Google’s fast-growing Gemini and its viral Nano Banana image model.
- You can make up to $200K working in Trump’s new ‘Tech Force’—and you don’t need a degree or work experience
by Dave Smith on December 16, 2025 at 3:01 pmTo be eligible for the two-year program, you need only “strong problem-solving abilities and a passion for public service.”
- An MIT roboticist who cofounded bankrupt Roomba maker iRobot says Elon Musk’s vision of humanoid robot assistants is ‘pure fantasy thinking’
by Marco Quiroz-Gutierrez on December 16, 2025 at 2:30 pmRodney Brooks said future “humanoid” robots will have wheels and multiple arms.
- Global selloff in stocks signals AI bubble may be ending in the healthiest way possible
by Jim Edwards on December 16, 2025 at 11:45 amInvestors are selling off individual stocks of companies that seem to be overextended, but they are broadly bullish on stocks as a whole.
- In the age of AI, CEOs quietly signal that layoffs are a badge of honor
by Geoff Colvin on November 14, 2025 at 9:42 amAlso: All the news and watercooler chat from Fortune.
- The new CEO flex: Bragging that AI handles exactly X% of the work
by Sharon Goldman on July 2, 2025 at 10:39 pmBig Tech CEOs love to boast that AI is doing the work—but the numbers they cite are surprisingly vague, and the real impact is hard to track.
