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The dockworkers’ strike could hit Americans where it hurts: Bananas

For decades, American consumers have been particularly drawn to produce that cannot be grown near where they live.

Bananas are the most popular fruit in the United States. Virtually all of them enter the country through US ports. 

Americans’ taste for imported foods is on full display as 45,000 dockworkers strike, putting a halt on shipments to East Coast and Gulf Coast ports for a second day now. 

Those ports handle shipments of non-perishable goods like car parts, but also things like fruits and vegetables that could make some produce temporarily more expensive just as food prices were starting to flatten. 

Americans, for decades, have been drawn to produce that cannot be grown anywhere near where they live.

More than 60% of fruits consumed in the US are imported, according to the US Department of Agriculture, up from 23.5% in 1975. About 75% of bananas imported to the US come in through ports that are currently at a halt, according to the American Farm Bureau Federation.

America’s vast farmland is really good for growing corn and soy, and a lot of it is exported. It does not produce bananas, avocados and dozens of other fruits Americans love. 

Bananas only grow in tropical regions. American companies have for decades relied on (exploited) communities in Central and South America to satisfy our cravings for the classic smoothie ingredient and cereal topping.  

Avocados and mangos have also grown in popularity with Americans. Imports of papayas, though still a sliver of the aforementioned tropical fruits, have more than doubled since 2020.

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Domino’s just announced its first rebrand in 13 years — maybe a new, “doughier” font will help sales pick up

Shaboozey! Domino’s Sans! Hotter colors as a nod to the melty heat of a pizza pulled fresh from the oven!

In a buzzword-laden justification of its rebrand yesterday, Domino’s laid plain its new aesthetic direction, coined the term “Cravemark,” and announced it would be bringing the focus back to its food, having (at least in its executive vice president’s words) become known as “a technology company that happens to sell pizza” over the last decade.

It can’t go any worse than Cracker Barrel’s refresh efforts, at least...

The raft of changes, which will roll out across the US and other international markets in the coming months, includes a new “audio and visual expression” of the brand’s name (throwing a few extra M’s on the boxes and getting country/hip-hop artist Shaboozey to elongate the letter in a jingle); brighter packaging and hotter colors; “more youthful” team uniforms (company-color Salomons and an apron with “pizza is brat” on it, maybe?); and a new “Domino’s Sans” font, which is “thicker and doughier” and has circles and semicircles “in nod to pizza, with lots of personality baked right in!”

Domino’s is down about 2% so far this year.

The raft of changes, which will roll out across the US and other international markets in the coming months, includes a new “audio and visual expression” of the brand’s name (throwing a few extra M’s on the boxes and getting country/hip-hop artist Shaboozey to elongate the letter in a jingle); brighter packaging and hotter colors; “more youthful” team uniforms (company-color Salomons and an apron with “pizza is brat” on it, maybe?); and a new “Domino’s Sans” font, which is “thicker and doughier” and has circles and semicircles “in nod to pizza, with lots of personality baked right in!”

Domino’s is down about 2% so far this year.

business

Ferrari sinks after unveiling first electric car; 2030 strategic plan and guidance underwhelms investors after halving its EV target

Ferrari is 14% in the red in premarket trading after unveiling its first electric car, while simultaneously scaling back its electrification plans to focus on its petrol and hybrid lineup until 2030.

In an event at its headquarters in northern Italy, the company lifted the hood on its new, production-ready “Elettrica” model, finally offering a glimpse into the iconic carmaker’s progress on its EV plan, which was announced back in 2022. The Elettrica is due to be delivered from late 2026, per the company’s 2030 strategic plan.

Still, as Ferrari CEO Benedetto Vigna was keen to emphasize, “The EV is an addition, not a transition,” suggesting that the new electric model will complement, not replace, the company’s existing lineup.

In the carmaker’s 2030 plan, released later in the day, Ferrari disclosed that it aims for a lineup made up of 40% internal combustion engine models, 40% hybrids, and 20% fully electric cars by 2030 — dialing down its 2022 ambitions for electrification, when the targets for EVs and ICE models were flipped.

Though Ferrari has ramped up its hybrid production since 2022, shipments have plateaued in recent quarters.

Ferrari hybrid vs petrol engine
Sherwood News
Delta Airlines Withdraws 2025 Guidance Citing Tariff Disruptions

Delta climbs after beating on both sales and profit, forecasts a strong end to 2025

It’s been a turbulent ride for Delta this year, but shares are rising in early trading on Thursday.

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After upsetting GOP senators, GM scraps its EV tax credit extension plan

Roughly a week after it was first reported, GM’s plan to extend the now expired $7,500 US federal EV tax credit to customers through a leasing program is no more.

Last week, Republican Senators Bernie Moreno (Ohio) and John Barrasso (Wyoming) wrote a letter to Treasury Secretary Scott Bessent urging him to change the IRS rule that they said allowed automakers to game the law that ended the tax credit, “bilking” taxpayers.

Automakers GM and Ford, which each saw juiced-up EV sales ahead of the tax credits expiration, sought to extend the subsidy by using their financial arms to put down payments on electric vehicles already on their dealers’ lots. Those payments would qualify for the credit prior to its expiration, and the automakers would pass the savings along to lessees for several more months.

GM will now instead fund the incentive through the end of October without claiming the tax credit, Reuters reports.

Ford did not respond to a request for comment on whether it will similarly scrap its plans.

Automakers GM and Ford, which each saw juiced-up EV sales ahead of the tax credits expiration, sought to extend the subsidy by using their financial arms to put down payments on electric vehicles already on their dealers’ lots. Those payments would qualify for the credit prior to its expiration, and the automakers would pass the savings along to lessees for several more months.

GM will now instead fund the incentive through the end of October without claiming the tax credit, Reuters reports.

Ford did not respond to a request for comment on whether it will similarly scrap its plans.

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