Author: Admin
AutoNation, a prominent U.S. auto retailer, expressed that the outage caused significant disruption and adversely impacted its business. However, its outlets remain operational, continuing to sell, service, and purchase vehicles. U.S. auto dealers faced challenges on Monday due to an ongoing cyber attack-induced software outage, prompting some to revert to manual paperwork as CDK, a key technology provider for the car industry, worked on restoring systems utilized by over 15,000 retail locations. The outage, affecting CDK’s dealer management system crucial for completing deals, tracking store profitability, and managing employee compensation, has disrupted the auto retail sector significantly, according to JPMorgan…
Several casual dining chains are experiencing challenges due to rising costs and decreasing customer traffic. Hooters announced on Monday its decision to close “a select” number of underperforming restaurants, joining a growing list of casual dining chains grappling with industry-wide challenges. The company cited “current market conditions” as the primary reason for the closures, while emphasizing ongoing expansion efforts both domestically and internationally. However, specifics regarding the number of affected locations were not disclosed. In a statement, Hooters reaffirmed its resilience and relevance as a brand with 41 years of history, despite the closures. The news was initially reported by…
Lai Ching-te reiterated his call for China to acknowledge Taiwan’s existence as a self-governing democracy, claimed by Beijing but beyond the jurisdiction of its courts. Taipei, Taiwan — President Lai Ching-te emphasized on Monday that democracy should not be condemned while labeling autocracy as the true “evil,” following China’s recent threat of imposing the death penalty for extreme cases of Taiwan independence supporters. China, which asserts Taiwan as its own territory, has openly expressed its disapproval of President Lai since his inauguration last month, branding him a “separatist” and conducting military exercises shortly after he assumed office. On Friday, China…
Díaz admitted he was “quite surprised” by the ejection and indicated uncertainty about whether he would file an appeal. In Chicago, the New York Mets faced a setback as closer Edwin Díaz incurred a potential 10-game suspension following his ejection from the team’s 5-2 victory over the Chicago Cubs on Sunday night. Díaz, slated to secure the win in the ninth inning, was swiftly removed from play by third-base umpire Vic Carapazza before delivering a single pitch. The abrupt ejection came after an inspection of Díaz’s glove and throwing hand revealed what officials deemed an excessive combination of rosin, sweat,…
U.S. officials allege China has ‘overcapacity’ in EVs and other clean energy products, while Chinese EV manufacturers argue they are leveraging their strengths. Liuzhou, situated in the southwestern Guangxi region of China, may not boast the scale of megacities like Beijing or Shanghai, yet it looms large in the nation’s burgeoning electric vehicle (EV) industry. With a population of four million, this city has entrenched itself as an EV capital, driven by robust industrial growth supported by government initiatives. Despite its success, Liuzhou’s prominence has raised concerns abroad, particularly among U.S. and Western officials who perceive Chinese overcapacity in EVs…
The latest number is not based on exact payroll data, but on the count of individuals included in Tesla’s “everybody” email distribution list as of June 17th. Tesla has undergone substantial downsizing in 2023, resulting in a reduction of its global workforce to slightly above 121,000 individuals, including temporary employees, based on internal documents. This indicates that the automaker has cut more than 14% of its total staff thus far this year. The most recent headcount figure is derived not from precise payroll records but from the tally of individuals listed on Tesla’s “everybody” email distribution list as of June…
In most events, the top three finishers will earn qualification for the Paris Games. The U.S. Olympic Track and Field Trials in Eugene, Oregon, kick off this Friday, drawing some of the globe’s swiftest athletes. Over the span of eight days, prominent figures such as Noah Lyles, Sydney McLaughlin-Levrone, and Sha’Carri Richardson, among others, will vie for coveted spots in the upcoming 2024 Paris Games. The top three finishers in most events secure tickets to the Olympics. One of the weekend’s highlights includes the finals for the men’s and women’s 100 meters. Noah Lyles is eyeing the title of “fastest…
On Thursday, Spain clinched a spot in the Euro 2024 round of 16 with a 1-0 victory over Italy, courtesy of a second-half own goal by Riccardo Calafiori. Spain secured their place in the round of 16 of Euro 2024 with a resounding victory over Italy, triumphing 1-0 in a commanding performance that confirmed their status as Group B winners. The decisive moment came nine minutes into the second half, when Riccardo Calafiori’s own goal proved to be the difference in a match held at Gelsenkirchen, which was touted as one of the tournament’s key clashes in Germany. Despite the…
Commerce Secretary Gina Raimondo stated that Moscow’s control over the company posed a significant risk. The Biden administration made a significant announcement on Thursday, outlining its intent to prohibit the sale of antivirus software produced by Russia’s Kaspersky Lab within the United States. This decision stems from concerns regarding the extensive use of Kaspersky software by critical infrastructure providers, state governments, and local municipalities across the country. Commerce Secretary Gina Raimondo underscored the administration’s rationale during a briefing call with journalists, highlighting Moscow’s influence over Kaspersky as a substantial risk factor. According to sources familiar with the matter, the software’s…
Trump Media has been struggling since his May 30 conviction in New York on 34 felony counts of falsifying business records. The downward spiral of Trump Media gained momentum on Thursday, witnessing a rapid sell-off that saw shares of former President Donald Trump’s company plummeting by up to 15% shortly after trading commenced. Known for its flagship conservative social media platform, Truth Social, Trump Media trades under the ticker symbol DJT on the Nasdaq. At the opening bell, the stock hovered around $27 per share, marking a stark decline of more than 40% from early June, when shares were valued…