Ford Motor Co. is forecasting weaker earnings growth for this year and further losses in its electric vehicles business as it works to control costs. The automaker said it expects its full-year adjusted pretax income to range between $7 billion and $8.5 billion. The company’s adjusted pretax income was $10.2 billion in 2024. The company [...]
More Americans filed unemployment claims during the latest period, but economists say the labor market remains healthy and there are still relatively few layoffs compared to historical data. Applications for jobless benefits rose by 11,000 to 219,000 for the week ending Feb. 1, the Labor Department said. Analysts were projecting only 213,000 new applications. Weekly [...]
Eli Lilly and Co.’s profit doubled in the fourth quarter, propelled by its hot-selling diabetes and obesity treatments, and the drugmaker came out with a mostly better-than-expected 2025 forecast. Sales of Lilly’s top-selling product, the diabetes treatment Mounjaro, jumped 60 percent to $3.53 billion in the final quarter of 2024 while its obesity treatment counterpart [...]
Dairy cattle in Nevada have been infected with a new type of bird flu that’s different from the version that has spread in herds since last year, Agriculture Department officials said last week. The detection indicates that distinct forms of the virus known as Type A H5N1 have spilled over from wild birds into cattle [...]
WASHINGTON (AP) — IRS employees involved in the 2025 tax season will not be allowed to accept a buyout offer from the Trump administration until after the taxpayer filing deadline, according to a letter sent to IRS employees. The letter says that “critical filing season positions in Taxpayer Services, Information Technology and the Taxpayer Advocate [...]
NEW YORK (AP) — Due to the rising cost of eggs, a growing number of people are considering having their own egg-producing chickens. Keeping home chickens as a pastime has continued to grow since the pandemic, but if eggs are the goal, researchers say it takes planning and investment to raise the chickens and protect [...]
COLUMBUS (AP) — Gov. Mike DeWine has ordered state employees back to their offices full-time starting next month. In an executive order, DeWine required all permanent employees of state agencies, boards and commissions to resume five-day, in-office work weeks no later than March 17. He said the move will allow the state to best serve [...]
NEW YORK (AP) — The media company Semafor is planning a Washington economic conference for global CEOs in April that it hopes will rival the annual World Economic Forum in Davos, Switzerland, for influence. Semafor said that more than 200 CEOs already have committed to attend the event, now in its third year, representing an [...]
NEW YORK (AP) — Disney topped first-quarter expectations thanks in part to last year’s box office smash “Moana 2.” The Walt Disney Co. earned $2.55 billion, or $1.40 per share, for the period that ended Dec. 28. The Burbank, Calif.-based company earned $1.91 billion, or $1.04 per share, in the prior-year period. Stripping out one-time [...]