David Lidsky's Blog, page 47

Stock market rises after inflation report drives hopes for lower interest rates

The S&P 500 rose 0.9% and was on track to top its all-time high set two weeks ago, and the Nasdaq composite edged toward a record.

The U.S. stock market is rallying toward records on Tuesday after data suggested inflation across the country was a touch better last month than economists expected.

Kodak stock sinks 25%: Why the iconic company says it might go out of business

The 133-year-old company already survived a bankruptcy when film photography gave way to smartphone cameras, but its days may be numbered.

Eastman Kodak, the iconic American company known for its photography and film business, said it is at risk of going out of business, prompting a massive stock slide on Tuesday.

SOS: Who will throw fact-checked reporting a life raft?

AI is undercutting the very skills and industry that feeds it.

AI is gobbling up journalism for many of the same reasons humans do: to develop a concrete understanding of the world; to think critically; to differentiate between what is true and what’s not; to become a better writer; and to distill history and context into something accessible. But what happens to AI when our journalistic institutions crumble? Upon what foundation of truth will it answer everyone’s questions? Write their emails? Do their jobs? Because while the alarm bells have been ringing for journalism for decades, the so-called end of search feels like the potential death knell. What does that mean for AI, and for us as we try to make sense of an increasingly confusing world?

Life360 names COO Lauren Antonoff as its new CEO to succeed cofounder

The leadership shake-up at the San Francisco developer of family safety apps and location-tracking devices has been a couple years in the making.

Life360 has named Lauren Antonoff as its new CEO to succeed cofounder Chris Hulls. The move, which has been in the works since Antonoff joined the company in 2023 as chief operating officer, was announced Monday along with second-quarter earnings results for the San Francisco-based developer of popular family safety apps. 

Ford is reinventing the assembly line to make more affordable EVs, starting with a $30,000 electric truck

The automaker says it will invest $2 billion to retool its Louisville plant, with the first vehicle assembled under the new system launching in 2027.

Over a century ago, Henry Ford’s assembly line helped mass-produce the Model T, setting a new standard for how to manufacture vehicles. 

Now, at its Louisville Assembly Plant in Kentucky, the Ford Motor Co. will soon scrap that typical assembly line for a new manufacturing system. Doing so, the automaker says, will allow it to more efficiently build more affordable electric vehicles—starting with a $30,000 mid-size electric truck to launch in 2027.

Why Ikea is recalling more than 54,000 garlic presses

Ikea has received a total of 10 incident reports globally, including 3 reports of lacerations and finger splinters.

It’s common knowledge that garlic makes everything better—but if you’re cooking with a garlic press you bought from Ikea, it’s time to check the model and potentially look into a refund. The company just issued a voluntary recall on thousands of garlic presses due to a “laceration or ingestion” hazard.

EV sales are surging before tax credits end soon. What to know if you’re one of the buyers swarming dealerships

Experts are predicting a last-minute rush as September 30 approaches—and they say buyers shouldn’t hesitate.

The clock is ticking on federal tax credits for electric vehicles—and that’s pushing a lot of people who were debating whether or not to get one off of the fence.

Social media users and health experts raise fresh concerns around kratom-containing drinks like Feel Free

A viral video about a tonic sold at gas stations has drawn new attention to a relatively unregulated plant with opioid-like effects.

A “feel good” herbal supplement is facing backlash online after a number of social media users shared their stories of addiction and terrifying health effects. 

Today kicks off Krispy Kreme’s most fleeting treat of the year

Krispy Kreme’s fall menu just dropped with a one-week-only doughnut and a season’s worth of pumpkin drinks.

Pumpkin spice lovers rejoice! While we’re still battling the summer heat, Krispy Kreme just brought back the iconic fall flavor in its doughnuts and drinks. But you’ll need to act fast. 

Paramount lands $7.7 billion deal to stream all UFC events in the U.S. for 7 years

The Paramount-TKO deal has an average annual value of $1.1 billion—a significant increase from the roughly $550 million that ESPN reportedly pays each year.

Paramount will become the new home to Ultimate Fighting Championship events across the U.S. next year, through a seven-year agreement announced with TKO Group on Monday.