Wall Street Breakfast

Ford hit with $165M fine for recall delay

Nov 15, 2024
Ford faces a hefty $165M fine from NHTSA for delayed recalls, sparking discussions on accountability in the auto industry. Meanwhile, GM's Cruise is also penalized $500,000 for inaccurate crash reports. Hims & Hers experiences a downgrade as competition from Amazon heats up. The market sees movement with stocks like AMAT and DPZ gaining attention, while government contractor stocks drop due to political uncertainties. Notably, the FAA is making headlines for achieving a record number of commercial space licenses.
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