Cheddar Afternoon News Briefings of July 28th 2023

News Briefings

This is your daily news briefing from Cheddar News Ford is slowing down electric vehicle production. The automaker previously targeted more than 2 million per year by 2026 Ford now expects closer to 600,000 next year. The simultaneous release of the movies, Barbie and Oppenheimer had a significant impact on the US economy. A Bank of America report reveals card holders spent over 13% more on entertainment than a year ago, likely partially driven by the release of the much anticipated movies. A new study from Harvard School of Public Health suggests regular consumption of olive oil could reduce risk of fatal dementia. The study looked at 90,000 Americans for over 30 years and noticed that those who ate a hot tablespoon of olive oil per day were 28% less likely to eventually die from dementia. And that's your news update I do in New York.