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
Tesla Faces Deepening Crisis Amid Musk’s Political Turn
Slowing sales, profit threats, and political backlash hit hard Tesla is facing one of its most precarious moments in years, as financial pressures mount and CEO Elon Musk’s political involvement adds a
Apple Promotes Sabih Khan to Chief Operating Officer
30-year veteran to succeed Jeff Williams in key leadership role Apple has named Sabih Khan as its new chief operating officer, marking a key leadership shift within the company’s senior executive team.
Honeywell Plans Review of Logistics Units Before Split
Strategic options considered for $2B revenue businesses Honeywell announced Tuesday it is exploring strategic alternatives for two of its logistics-related businesses as it prepares for a planned three-way corporate split. The move
Southwest CEO Explains Changes and His In-Flight Habits
Bob Jordan says working with crew keeps him grounded Southwest Airlines CEO Bob Jordan prefers to fly in a vest, not a suit — and for good reason. In a recent interview
CoreWeave to Acquire Core Scientific in $9B AI Deal
AI infrastructure firm targets energy assets CoreWeave has agreed to acquire data center operator Core Scientific in an all-stock deal valued at approximately $9 billion, aiming to fast-track its expansion into AI
Air France-KLM to Take Control of SAS by 2026
Franco-Dutch carrier to boost stake to 60.5% amid broader consolidation push Air France-KLM plans to increase its stake in Scandinavian airline SAS from 19.9% to 60.5%, marking a major step in its
Microsoft Cuts 9,000 Jobs, Trims Xbox and Sales Teams
Layoffs target gaming and global divisions as AI investments climb Microsoft is laying off approximately 9,000 employees, marking its largest round of job cuts in over two years. The move, which affects
UPS Offers Driver Buyouts, Sparking Union Backlash
Teamsters call the move illegal as UPS seeks to cut 20,000 jobs UPS has announced voluntary buyouts for unionized delivery drivers for the first time in its history, a move aimed at
Luxury Jewelry Shines as Other Sectors Falter
U.S. luxury spending dips despite post-election optimism The luxury retail sector entered 2025 with high hopes following strong holiday sales and renewed optimism after the U.S. election. Yet new data from Citigroup
Home Depot to Buy GMS in $4.3B Deal to Target Pros
Acquisition sharpens focus on professional contractors Home Depot announced Monday that it will acquire GMS, a major distributor of building products, in a $4.3 billion deal aimed at expanding its reach among