The chapter delves into Apple's strategic move to cancel their long-standing self-driving electric car project, redirecting focus towards generative AI and machine learning divisions. This decision impacts over 2,000 employees and signifies a significant shift in Apple's technological investments.
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Whirlpool Corp. CEO Marc Bitzer discusses news from the company’s investor day and how mortgage rates are impacting the appliance maker. Bloomberg News Chief Technology Correspondent Mark Gurman breaks news that Apple is canceling a decade-long effort to build an electric car abandoning one of the most ambitious projects in the history of the company. Bloomberg News Equities Reporter Bailey Lipschultz explains how debt-addicted companies are seeking equity as interest costs skyrocket. And we Drive to the Close with Adrianne Yamaki, Founder & Financial Advisor at Strategic Wealth Capital.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.
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