: For thousands of white-collar workers, the future suddenly feels less certain. Jack Dorsey announced that Block, the parent company of Square and Cash App, will cut nearly half of its workforce, reducing its headcount from more than 10,000 employees to just under 6,000. That means more than 4,000 people are losing their jobs, even as Dorsey says the business itself is strong and profits are growing.Why is Block Cuting Over 4,000 Jobs At Once Instead of Multiple Rounds of LayoffsIn a post on X, Dorsey exp ...

Key TakeawaysFord Motor Company (F) has issued a massive recall of 4,381,878 vehicles in the U.S. due to a software defect that can cause trailer brake and lighting failures, significantly increasing crash risks.European inflation data for February surprised to the upside, with French harmonized CPI jumping to 1.1% (vs. 0.8% estimate) and Spanish harmonized CPI reaching 2.5%, potentially complicating the ECB's rate-cut path.CPP Investments and Equinix (EQIX) announced a $4 billion deal to acquire Nordic dat ...

Ford Motor said Thursday it is recalling 4.3 million pickup trucks and SUVs in the US because a software error may cause trailer brakes not to function and exterior lights to fail.The automaker said the recall covers the 2021 through 2026 F-150, 2022-2026 F-250 SD, Lincoln Navigator, Expedition, Maverick along with some Ranger and E-Transit vehicles.When towing a trailer, the Integrated Trailer Module may lose communication with the vehicle, potentially causing a loss of brake and turn signal lights, or a l ...

Core Viewpoint - Ford has issued a recall for over 4 million vehicles due to a software glitch that may increase the risk of a crash, marking one of the largest recalls by a single manufacturer in recent years [1] Group 1: Recall Details - The recall affects approximately 4.3 million vehicles, including F-250, F-150, Expedition, Maverick, Ranger, E-Transit, and Lincoln Navigator models from the 2021 to 2026 model years [1] - The software issue may cause malfunctioning taillights and turn signals on trailers towed by the affected vehicles, with drivers potentially receiving alerts for "trailer brake module fault" or "blind spot assist system fault" [2] Group 2: Timeline and Response - Ford was first notified of the issue in October 2025 and had received over 400 warranty claims related to the defect by February 4 [3] - The company plans to release an over-the-air software update starting in May, or affected drivers can visit Ford or Lincoln dealerships for a free repair [3] Group 3: Historical Context - In 2025, Ford issued a record 153 recalls, affecting about 12.9 million vehicles, which is more than the combined total of the next four automakers [4] - Recalls of over 2 million vehicles are rare, with Tesla recalling over 2 million vehicles in December 2023 and another 2 million in February 2024 for separate issues [5]

Key Takeaways Ford's Europe business is anchored in its Pro strategy, with VW van collaboration adding scale value.Ford is leveraging Renault's B-segment EV platform to cut costs and lift Europe EV economics.F warns EU and UK CO2 rules and job concerns will shape future passenger car profits.The core of Ford Motor Company’s (F) European operations continues to be anchored in its Pro strategy, which remains a strong source of profitability, per the company’s fourth-quarter 2025 earnings transcript. The compa ...

Viatris forecasts 2026 profit below estimates on India manufacturing woes | ReutersSkip to main content[Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv]- Companies[Viatris Inc]Follow[Pfizer Inc]FollowFeb 26 (Reuters) - Drugmaker Viatris [(VTRS.O), opens new tab] forecast annual profit below analysts' expectations on Thursday, after a fire at one of its major plants in India disrupted operations.A fire occurred at the company's manufacturing facility in Nashik, ...

Ford recalling 4.3 million US vehicles over software issue | ReutersSkip to main content[Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv]Item 1 of 2 Ford F-150 pickup trucks for sale in Encinitas, California, U.S. October 20, 2025. REUTERS/Mike Blake[1/2]Ford F-150 pickup trucks for sale in Encinitas, California, U.S. October 20, 2025. REUTERS/Mike Blake [Purchase Licensing Rights, opens new tab]- Companies[Ford Motor Co]FollowWASHINGTON, Feb 26 (Reuters) - For ...

While Ford's Q4 may have disappointed some investors, the silver lining is that Ford Pro is positioned for growth.Ford Motor Company (F +1.55%), General Motors (GM +1.40%), and Stellantis (STLA 0.71%) certainly have much in common as automakers, especially considering their core profit engine, North America. Despite so much in common, the three stocks have traded wildly differently over the past three years with GM nearly doubling, Ford remaining largely flat with a 9% gain, and Stellantis shedding roughly ...

Key Takeaways Ford is recalling 412,774 2017-2019 Explorer SUVs over a rear toe link fracture risk.The defect could cause steering loss; NHTSA urges free toe link replacements for owners.Ford also recalled 40,655 more vehicles for battery and brake issues, after 100 recalls last year.Ford Motor Company (F) is recalling 412,774 Explorer SUVs in the United States due to a rear toe link fracture that could lead to a loss of steering control and heighten crash risk.The recall affects certain 2017–2019 Explorer ...

"The root cause has not been fully determined to date,†a Feb. 20 report explained. "Some reports indicate vehicles experienced a seized CABJ†, which "will result in a bending moment on the toe link potentially resulting in fracture.†The report also said that drivers with impacted vehicles may hear a "clunk noise, unusual handling, and/or a misaligned rear wheel†indicating the issue is present. Ford says, per the recall notice, that it has not been made aware of any injuries associated with the steering is ...