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
Pharmaceutical Sector Faces Uncertainty Over Tariff Plans
Pharmaceutical Companies Brace for Uncertainty Over Tariffs Pharmaceutical companies recently exhaled in relief when President Donald Trump announced that they would not face immediate reciprocal tariffs. However, the pause in tariff actions
Boeing CEO Pledges Focus on Safety After 737 MAX Emergency
Ortberg tells Senate: “I’m pressuring the team to do it right” Boeing CEO Kelly Ortberg told the U.S. Senate Commerce Committee on Wednesday that the company is prioritizing safety over speed following
DWS Fined €25M by German Prosecutors for Greenwashing
Asset manager misled investors over ESG claims German prosecutors have fined asset management firm DWS €25 million ($27 million) after a lengthy investigation found the company guilty of greenwashing—misleading the public about
Gold Climbs as Markets Brace for Trump’s Tariff Rollout
Prices near record highs amid safe-haven demand Gold prices rose on Wednesday, edging closer to their all-time high as investors sought safety ahead of President Donald Trump’s anticipated announcement of sweeping new
Amazon Sets April 9 Launch Date for Kuiper Satellites
First operational deployment marks milestone for broadband push Amazon has announced that the first operational launch of its Kuiper internet satellites will take place on April 9 at 12 p.m. ET. The
Target Pressures Chinese Suppliers Ahead of Tariffs
Retailer seeks cost sharing as new duties loom Target is reportedly asking some Chinese suppliers to absorb part of the costs tied to incoming U.S. tariffs, joining other major retailers like Costco
SoftBank’s $40B OpenAI Bet Breaks Startup Records
Massive investment eclipses all previous private funding rounds SoftBank has committed up to $40 billion in financing to OpenAI, marking the largest startup investment in history. The figure dwarfs all previous venture
GM Reports 17% Surge in Q1 U.S. Vehicle Sales
Automaker sees growth across all brands, EV sales nearly double General Motors announced a robust 17% increase in U.S. sales for the first quarter, with all four of its brands—Chevrolet, Cadillac, GMC,
Huawei Sees 28% Profit Drop Amid Record R&D Spending
Revenue grows at fastest pace in five years, boosted by consumer tech Huawei Technologies reported a 28% fall in net profit for 2024, totaling 62.6 billion yuan ($8.63 billion), as the Chinese
Ferrari to Raise U.S. Prices by 10% Amid Tariffs
Price hikes on select models Ferrari said Thursday it will raise prices by 10% on certain models after April 1 in response to new U.S. auto tariffs, adding up to $50,000 to