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
American Airlines Flights Resume After Brief System Outage
American Airlines resumed service Tuesday morning following a brief system outage that grounded flights across the United States during one of the busiest travel periods of the year. The airline attributed the
Honda and Nissan Explore Merger to Compete Globally
Honda and Nissan have announced plans to hold formal talks over the next six months to explore a possible merger, a move that could create the world’s third-largest automaker. Mitsubishi, a smaller
U.S. Investigates Chinese Legacy Semiconductors Amid Trade Tensions
The Biden administration has launched a last-minute trade investigation into Chinese-made legacy semiconductors. This probe, under Section 301 of the Trade Act of 1974, aims to counter China’s state-driven expansion in semiconductor
Volkswagen and Labor Unions Near Historic Pay and Jobs Deal
Volkswagen (VW) is edging closer to an agreement with labor representatives after months of tense negotiations over wages, jobs, and plant operations. These discussions, which began in September, mark the company’s longest-ever
Starbucks Workers Strike Nationwide Over Union Contracts
Baristas at Starbucks stores in Burbank swapped their aprons for picket signs on Friday as part of a growing nationwide strike demanding collective bargaining agreements. The walkout is spearheaded by Starbucks Workers
CFPB Sues Zelle and Major U.S. Banks Over Fraud Allegations
The Consumer Financial Protection Bureau (CFPB) has launched a lawsuit against Zelle, the leading peer-to-peer payments network, and three of its major bank partners—JPMorgan Chase, Bank of America, and Wells Fargo—alleging failures
Amazon Faces Historic Strike as Workers Demand Union Negotiations
Thousands of Amazon workers across seven U.S. facilities staged a strike early Thursday during the peak holiday shopping season, demanding that the retail giant enter contract negotiations with their union. The action,
Nuclear Startup Oklo Partners with Switch to Deploy 12GW by 2044
Oklo, a nuclear energy startup backed by OpenAI CEO Sam Altman, has announced an ambitious partnership with data center operator Switch to deploy 12 gigawatts of nuclear power by 2044. The collaboration
Nissan and Honda Explore Merger Amid Rising EV Competition
In a move that could reshape the global automotive industry, Japanese carmakers Nissan Motor and Honda Motor are reportedly in talks to merge. The prospective tie-up, first reported by Nikkei, comes as
Pfizer Stock Rises on Upbeat 2025 Outlook and Guidance
Pfizer’s (PFE) stock climbed in pre-market trading on Tuesday after the pharmaceutical giant shared a positive full-year outlook for 2025. The company’s projections align closely with Wall Street estimates, signaling stability and