The auto industry is set to be transformed by the shift to electric vehicles from internal combustion engines and the introduction (any day now, trust me on this one) of fully self-driving automation that will turn drivers into passengers. Ferrari NV is reluctantly (and slowly) participating in the former, but it’s resolutely against letting artificial intelligence get behind the wheels ...

  Could this economic slowdown be different for industrial companies? There are valid reasons to think so, but it’s becoming harder to make the argument. The unwinding of the pandemic surge in consumer demand for physical goods has picked up in recent weeks, with retailers from Target Corp. to Walmart Inc. and Dick’s Sporting Goods Inc. sounding a cautious note ...

  For a guy who professes to be uncomfortable with extreme moves in currency markets, Haruhiko Kuroda certainly doesn’t seem to mind causing them. By doubling down on easy money, the Bank of Japan governor is set on a path that will only further isolate the country from its peers and almost guarantee further erosion in the value of the ...

  Bloomberg Just a day after airline executives met with US transportation officials on how to stem flight disruptions, a band of storms triggered thousands of cancellations and delays for beleaguered carriers. More than 6,000 flights were late or scrubbed altogether as of 4:25 pm ET, according to tracking website FlightAware. That comes on top of more than 1,700 cancellations ...

Bloomberg Boeing Co delivered a missile interceptor for US’s ground-based system three years late after overcoming vexing subcontractor quality problems, congressional auditors said. The delivery in December, which wasn’t previously announced, followed “production challenges” because “the boost vehicle contractor mishandled a key avionics component and had to build a new one,” the Government Accountability Office said in its annual report ...

  Bloomberg The finance team behind the new terminal at New York’s John F. Kennedy International Airport expects to sell more than $6 billion of municipal bonds in the coming years to help pay for the project. The group plans to issue taxable or tax-exempt debt in the $4 trillion muni market to refinance a $6.6 billion bank loan originally ...

  Bloomberg A former Amazon Web Services worker was convicted of hacking into the company’s cloud servers to steal customer data and computer power that she used to mine cryptocurrency. Following a week-long trial in Seattle, Paige A. Thompson, 36, was found guilty of seven federal crimes, including wire fraud, which carries a prison sentence of as long as 20 ...

  Bloomberg Released by Inditex’s Zara as part of a limited clothing collection, the little pink number costs $90 and is sourced, in part, from captured carbon emissions. It’s also officially sold out. Carbon and other greenhouse-gas emissions are, for lack of a better description, the worst. The buildup of these gases in recent decades is starting to reshape every ...

Bloomberg Aerojet Rocketdyne Holdings Inc Chief Executive Officer (CEO) Eileen Drake has received backing from the Institutional Shareholder Services (ISS) for her slate of candidates battling for board seats in a proxy fight with the US rocket-engine maker’s chairman. In a shareholder letter, Drake and three other independent directors said the ISS, a provider of proxy research and vote recommendations to the ...

Bloomberg Russia said it hit military targets in Ukraine with sea-launched cruise missiles, including a strike on a planning meeting of Ukrainian commanders. The war in Ukraine “could last for years,” Nato Secretary General Jens Stoltenberg told Germany’s Bild am Sonntag, saying the military alliance “must not let up on supporting” Kyiv. The new head of the British Army said ...