TheStreet’s Post

Ford CEO Jim Farley is known for some pretty radical ideas, but a recent statement could be his most flagrant when it comes to potentially angering American car buyers. During an appearance at the Aspen Ideas Festival, the Blue Oval figurehead stated that for companies like his to get ahead with EV adoption, Americans must make a change that may seem un-American. More:

Chipotle CEO Brian Niccol is letting customers know that he hears their complaints loud and clear. The CEO finally addressed the negative chatter surrounding one of the restaurant's major practices, which is a topic that recently went viral on social media, sparking controversy. More:

Most young people nowadays are used to experiencing at least a portion of their lives through a screen. It could be via what they watch on a streaming service, how they communicate with friends remotely, or how they get everything from news about politics to trends. This has been a great way for businesses to thrive. Though brands like Slim Jim and Kroger may not have grown up digitally native like your average 15 year old, many corporations have captured the overwhelming zeal for online interaction and capitalized on the fact that this is just where most of us hang out these days. But increasingly, younger people are demonstrating a resistance to ads and influencers on their social media feed. More:

For years, companies have developed search engines after search engines, vowing their products would topple Google's dominance. With little success. Google, owned by Alphabet, remains the dominant player in search with a 91% share. One reason for its dominance: It's embedded in the software of just about all smartphones. But a new player is starting to develop its own search engine.

Homeownership is often seen as the cornerstone of success and fulfilling the “American Dream.” However, housing market conditions have pushed that milestone further out of reach for many Americans, particularly Millennials. Older Millennials were still early in their careers during the 2007–2008 Financial Crisis and were hit by financial hardship again in 2020 during the COVID-19 pandemic. The rapid succession of financially challenging events has set Millennials off track compared to their Baby Boomer and Gen X counterparts when they were at the same age. Due to these constraints, Millennials hold the largest share of outstanding student loans and the highest number of credit card delinquencies. Though homeownership is commonly thought of as a major life milestone, it may not be feasible for some. More:

While American Airlines has previously hoped to improve profits through discounting and attracting business travelers, neither strategy provided the desired results. On July 25, the Fort Worth-based airline cut its profit forecast to between $0.70 and $1.30 a share — a significant drop from the $2.25 to $3.25 it forecast in April and below analyst expectations of $1.10 to $2.60. It further estimated a revenue drop of up to 4.5% in the third quarter. The $717 million in net income it reported in the second quarter is a 46% drop from a year ago. In explaining the results to investors, American CEO Robert Isom put the blame toward "prior sales and distribution strategy" and "an imbalance of domestic supply and demand" — in particular, the strategy to win over customers from competitors by aggressive discounting that was spearheaded by previous Chief Commercial Officer Vasu Raja. American announced that it was parting ways with Raja back in May. More:

Cathie Wood, head of Ark Investment Management, has been known to trade one side of a favorite stock (buy or sell) and then trade the other side a few months later. But rarely does she buy and sell a stock in the same week. That’s what happened in recent days. And there might be a good reason why.

With new car prices at an all-time high, many buyers flock to the classifieds and dealership pre-owned departments. However, prices aren't faring much better than the ones on the other side of the showroom. Data from a new study by iSeeCars shows that used cars — specifically cars that are ten years old and older have increased significantly over the past ten years.