GM Cuts IT Jobs As AI Reshapes Workforce
Layoffs Hit Technology Teams General Motors laid off about 500 to 600 employees on Monday, largely affecting information technology roles in Austin, Texas, and Warren, Michigan. The cuts come as the Detroit
Disney Rises As New CEO Outlines Strategy
D’Amaro Sets A Clear Direction Walt Disney shares rose nearly 8% in early trading after new chief executive Josh D’Amaro outlined his strategy for the entertainment group. Speaking on his first earnings
Spirit Shutdown Empties LaGuardia Terminal
A Sudden Collapse Hits Terminal A The abrupt shutdown of Spirit Airlines has left LaGuardia Airport’s Marine Air Terminal nearly deserted, turning one of New York’s most historic aviation spaces into a
Union Pacific Seeks $85B Merger With Norfolk Southern
Transcontinental Rail Giant in the Making Union Pacific has proposed an $85 billion acquisition of Norfolk Southern, a landmark deal that would create the first U.S. transcontinental freight railroad. The merger would
Boeing Cuts Losses as Aircraft Deliveries Surge
Strongest Quarter for Deliveries Since 2018 Boeing reported a significant improvement in its second-quarter performance, with the company delivering 150 aircraft — its highest since 2018 — and reducing losses compared to
Starbucks Sees Sales Slide, But CEO Signals Turnaround
Same-Store Sales Decline for Sixth Straight Quarter Starbucks reported a 2% global same-store sales drop in its fiscal third quarter, marking the sixth consecutive quarterly decline. Despite that, CEO Brian Niccol remains
Volkswagen Cuts Forecasts After $1.5B Tariff Blow
Trade War Hits VW’s Bottom Line Volkswagen reported a €1.3 billion ($1.5 billion) first-half hit from U.S. tariffs, prompting the German automaker to slash its 2025 full-year sales and profit margin forecasts.
Intel Shares Plunge After Foundry Strategy Shakeup
Strong Earnings Overshadowed by Manufacturing Uncertainty Intel’s stock tumbled more than 8% on Friday, despite better-than-expected second-quarter earnings. The sharp decline came as investors reacted to the company’s plan to slash foundry
Nvidia Responds to Smuggling Claims, Defends Chip Policy
Unauthorized Chip Use in China Sparks Firm Rebuke Nvidia issued a strong statement denouncing the illegal use of its chips in Chinese data centers, calling it a “losing proposition” for companies trying
Chipotle Slashes Sales Outlook Amid Traffic Decline
Second Consecutive Forecast Cut as Consumer Visits Drop Chipotle Mexican Grill has lowered its outlook for same-store sales in 2025, expecting flat growth instead of the modest increase it previously anticipated. The
CN Lowers Forecast as Trade Uncertainty Clouds Outlook
Rail Giant Withdraws Multi-Year Guidance, Cites Tariff Disruption Canadian National Railway has pulled its long-term financial guidance, citing persistent uncertainty around tariffs and international trade. The Montreal-based company reported modest profit growth
7-Eleven Owner Rebuts Couche-Tard’s Failed Deal Claims
Seven & i Accuses Couche-Tard of Misrepresenting Negotiations The parent company of 7-Eleven, Seven & i Holdings, has issued a firm response to Couche-Tard’s explanation for the breakdown of their takeover negotiations.
Uber, Lucid and Nuro Launch Global Robotaxi Program
New Alliance Aims to Deploy 20,000 Robotaxis Uber has announced a major expansion into autonomous mobility by partnering with electric vehicle maker Lucid and self-driving tech firm Nuro to launch a next-generation