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
Walmart Tests ‘Dark Stores’ to Speed Up Online Orders
Miniature fulfillment centers aim to rival Amazon’s delivery power Walmart has quietly launched a new type of store in Dallas—but you won’t be able to shop there. These “dark stores,” designed solely
SEG Solar CEO Urges Congress to Save U.S. Solar Jobs
Jim Wood warns tax credit cuts threaten clean energy and local workers Jim Wood, president and CEO of SEG Solar Inc., has penned a public letter to Senator Thom Tillis of North
U.K. Auto Production Hits 75-Year Low Amid Trade Headwinds
Trump tariffs and EU export declines drive sharp drop in May output The U.K.’s automotive industry continues to suffer under mounting trade pressures, with new data showing a dramatic 32.8% drop in
Xiaomi Unveils YU7 SUV to Undercut Tesla in EV Price War
New electric vehicle promises longer range, advanced AI, and a lower price Chinese tech giant Xiaomi is intensifying its push into the electric vehicle market with the launch of its new YU7
Nike Sees Profit Hit Bottom as Turnaround Costs Peak
Sales decline 12% but beat estimates; margins pressured by inventory strategy Nike reported fourth-quarter results on Thursday that slightly beat Wall Street expectations, despite marking the company’s sharpest profit drop in years.
FedEx Surpasses Q4 Forecasts, Cuts Set to Continue
Shipping Giant Plans $1B in New Reductions After Hitting $4B Target FedEx closed its fiscal year with stronger-than-expected earnings and revenue, but investor enthusiasm was muted as the company’s outlook for the
Ford Recalls 133,000 Lincoln Aviators Over Loose Parts
Rear door trim may detach, increasing crash risk Ford is recalling 132,914 Lincoln Aviator SUVs in the United States due to a defect that could cause rear door window bars and trim
Kroger to Close 60 Stores Amid Strategic Restructuring
Closures follow failed merger with Albertsons Kroger announced Friday it will shut down around 5% of its grocery stores—approximately 60 locations—over the next 18 months. The move comes after the collapse of
Meta’s AI Talent War Heats Up With New High-Profile Hires
Zuckerberg brings on Gross and Friedman after failed Safe Superintelligence bid Meta CEO Mark Zuckerberg has escalated his multibillion-dollar AI hiring spree by securing two major figures in the artificial intelligence world:
Honda Recalls Over 259,000 Vehicles for Brake Pedal Defect
Defective pivot pin may impact braking and increase crash risk Honda is recalling 259,000+ vehicles in the United States due to a potentially dangerous brake pedal defect. According to the National Highway