reckoning

EV reckoning comes to Ford as it cuts 8,000 ICE jobs to focus on electrification

EV reckoning comes to Ford as it cuts 8,000 ICE jobs to focus on electrification

Innovation forward does not always come without sacrifice. According to a report earlier today, Ford Motor Company is planning to cut as many as 8,000 jobs, pertaining mostly to positions in the American automaker’s internal combustion division. The layoffs are said to help wean Ford off ICE production and use those funds to further invest …

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Spirit Airlines calls off a Thursday reckoning on Frontier’s bid.

Spirit Airlines calls off a Thursday reckoning on Frontier’s bid.

On the eve of a planned shareholder meeting on an acquisition by Frontier Airlines, Spirit Airlines said Wednesday evening that it was putting off the vote and would continue to talk to both Frontier and a rival suitor, JetBlue. The postponement, until July 8, was a stunning turn in a battle that analysts say could …

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MicroStrategy is facing a bitcoin reckoning

MicroStrategy is facing a bitcoin reckoning

MicroStrategy is famous for owning more bitcoin than any other publicly-traded company. As of June 14, the Virginia-based business intelligence company holds 129,218 bitcoins, more than two-and-a-half times as much as Tesla, the next largest bitcoin owner. That bitcoin is now worth about $2.9 billion, less than half of the roughly $6 billion it was worth just …

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