Ford has taken 20,000 reservations for its new electric F-150 Lightning pickup in less than 12 hours since the truck was officially unveiled. The reservations are being closely watched by the company as well as investors to gauge the interest of customers in EV pickups. CEO Jim Farley said the F-150 Lightning will be a test as to whether mainstream […]

Ford plans to form a joint venture with South Korean battery maker SK Innovation that will eventually manufacture battery cells for electric vehicles in the U.S. The companies on Thursday announced they have signed a memorandum of understanding for a joint venture that will be called BlueOvalSK. Production of the battery cells as well as well as supporting modules is […]

As online shopping and e-commerce continue to grow, fulfillment mishaps also increase. For large retailers and marketplaces, it’s easy to absorb the cost of shipping the wrong product or replacing stolen items. But for small- to medium-sized businesses (SMBs), online order hiccups can be devastating. There are solutions, though, which include adopting fulfillment strategies used by larger companies, noted UPS […]

Josh Harris said he would focus on being an “investor and entrepreneur” away from the private equity firm he helped build. By Andrew Ross Sorkin, Jason Karaian, Sarah Kessler, Michael J. de la Merced, Lauren Hirsch and Ephrat Livni Want to get the DealBook newsletter delivered directly to your inbox each day? Sign up here. Josh Harris relinquishes power Josh Harris announced this morning […]

Tesla has taken another tumble this week. The stock has fallen 4% since Monday, extending a sell-off that has dragged shares down nearly 40% from a high set in January. The latest sell-off is tied to the sharp drop in bitcoin – Tesla CEO Elon Musk last week said the company would reverse a decision to allow purchases made with […]

LOS ANGELES — LeBron James lay motionless on the ground, and it initially seemed uncertain how long it would take for him to stand up. The Los Angeles Lakers star had just fallen awkwardly after driving to the basket while Golden State Warriors defender Draymond Green defended him. The officials determined that Green did not commit a flagrant foul. He […]

OPINION: Finance Minister Grant Robertson has delivered exactly what he signalled in Budget 2021 … and nothing more. He’s spent big on social welfare to provide some immediate relief for society’s poorest.He’s reduced borrowing plans to cap core Crown debt below 50 per cent of GDP and get back into surplus by 2027. In between are a lot of spending […]

The U.S. Food and Drug Administration has authorized unopened, thawed Pfizer-BioNTech COVID-19 vaccine vials to be stored in a refrigerator at 2 to 8 degrees Celsius for up to one month. The vials were previously allowed to be kept at such temperatures for five days only. The change should make the vaccine more widely available to the American public by […]