Ford reports smaller sales decline in April while chip shortage weighs on supply

Ford reports smaller sales decline in April while chip shortage weighs on supply

[ad_1] Ford F-150 Lightning pickup trucks sit on the production line at the Ford Rouge Electric Vehicle Center on April 26, 2022 in Dearborn, Michigan. Bill Pugliano | Getty Images DETROIT – Ford Motor on Wednesday reported a 10.5% decline in April sales compared to a year ago, notably narrowing its losses compared to recent … Read more

World’s second-largest hydropower plant set for 14-year upgrade after deal with GE

World’s second-largest hydropower plant set for 14-year upgrade after deal with GE

[ad_1] Straddling the border between Brazil and Paraguay, Itaipu commenced electricity production in 1984. The technological upgrades being planned for the site are set to take 14 years. Tifonimages | Istock | Getty Images GE Renewable Energy has signed a deal that will see it carry out upgrades to the 14 gigawatt Itaipu hydropower plant, a … Read more

Fed raises rates by half a percentage point — the biggest hike in two decades — to fight inflation

Fed raises rates by half a percentage point — the biggest hike in two decades — to fight inflation

[ad_1] WASHINGTON — The Federal Reserve on Wednesday raised its benchmark interest rate by half a percentage point, the most aggressive step yet in its fight against a 40-year high in inflation. “Inflation is much too high and we understand the hardship it is causing. We’re moving expeditiously to bring it back down,” Fed Chairman … Read more

Spirit CEO says he wonders whether JetBlue’s bid was meant to block Frontier deal

Spirit CEO says he wonders whether JetBlue's bid was meant to block Frontier deal

[ad_1] A JetBlue airliner lands past a Spirit Airlines jet on taxi way at Fort Lauderdale Hollywood International Airport on Monday, April 25, 2022. (Joe Cavaretta/Sun Sentinel/Tribune News Service via Getty Images) Joe Cavaretta | Sun Sentinel | Getty Images Spirit Airlines CEO Ted Christie on Thursday laid bare the reasons his company rejected JetBlue … Read more

Worker output fell 7.5% in the first quarter, the biggest decline since 1947

Worker output fell 7.5% in the first quarter

[ad_1] People work at the Rivian Automotive electric vehicle factory in Normal, Illinois, April 11, 2022. Kamil Krzaczynski | Reuters Worker productivity fell to start 2022 at its fastest pace in nearly 75 years while labor costs soared as the U.S. struggled with surging Covid cases, the Bureau of Labor Statistics reported Thursday. Nonfarm productivity, … Read more

Scientists are hoping to grow coral reefs at the base of wind turbines in Taiwan

Scientists are hoping to grow coral reefs at the base of wind turbines in Taiwan

[ad_1] Alongside their natural beauty, coral reefs have an important role to play in the natural world. According to the National Oceanic and Atmospheric Administration, around one quarter of the ocean’s fish rely on healthy coral reefs. Reinhard Dirscherl | Ullstein Bild | Getty Images Danish energy firm Orsted plans to try growing corals on … Read more

JetBlue Airways faces a quarter-century crossroads after Spirit rejects its takeover offer

Spirit CEO says he wonders whether JetBlue's bid was meant to block Frontier deal

[ad_1] A JetBlue airliner lands past a Spirit Airlines jet on taxi way at Fort Lauderdale Hollywood International Airport on Monday, April 25, 2022. (Joe Cavaretta/Sun Sentinel/Tribune News Service via Getty Images) Joe Cavaretta | Sun Sentinel | Getty Images JetBlue Airways is at a nearly quarter-century crossroads. The airline’s first flight took off from … Read more

Here’s where the jobs were in April 2022 — in one chart

Elon Musk denies claim by Truth Social boss that Trump encouraged him to buy Twitter

[ad_1] Arrows pointing outwards Strong hiring in the manufacturing, transportation and warehousing and health-care sectors during April helped the U.S. economy notch its 12th straight month of job gains of 400,000 or more. The U.S. economy added 428,000 jobs last month, the Labor Department reported Friday, the same gain as in March that followed a … Read more