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
Delta says shutdown cut profit by $200 million
Longest government impasse hurt travel bookings Delta Air Lines reported that the recent U.S. government shutdown reduced its pretax profit by about $200 million, following a noticeable softening in bookings during the
Goldman Sachs to acquire Innovator Capital
Two billion dollar deal to expand ETF offerings Goldman Sachs said Monday it agreed to acquire Innovator Capital Management for about $2 billion, marking the latest move to strengthen its asset management
BYD Extends Growth in European Car Sales
Sales expand across the region Chinese automaker BYD continued to post higher new-car registrations in Europe last month, strengthening its position in a market that is becoming increasingly competitive. Data from the
Alphabet approaches landmark valuation threshold
Premarket rally pushes the tech giant higher Alphabet shares climbed sharply in premarket trading on Tuesday, setting the company up to cross the four trillion dollar valuation mark for the first time.
Kohl’s names Michael Bender as permanent CEO
Leadership shift aims to stabilize the retailer Kohl’s announced that Michael Bender, who has served as interim CEO since May, has been appointed permanent chief executive. The decision, effective Sunday, marks the
Major media groups submit bids for Warner Bros. Discovery
First-round offers target film and streaming assets Warner Bros. Discovery has received formal first-round takeover bids from Paramount Skydance, Comcast and Netflix, according to people familiar with the process. The offers were
Walmart lifts outlook on online sales and AI focus
Stronger quarter and higher guidance Walmart raised its full year guidance for a second time in 2025 after another solid quarter, signaling confidence ahead of the holiday season. The retailer now expects
Toyota begins battery production at new North Carolina plant
Toyota Motor has officially started production at its new battery facility in North Carolina, marking a major step in the company’s expansion of hybrid manufacturing in the United States. The $13.9 billion
Visa and Mastercard Reach $38 Billion Settlement
Visa and Mastercard have agreed to a revised $38 billion settlement with U.S. merchants after two decades of litigation over credit card fees. The new proposal seeks to resolve allegations that the
Kimberly-Clark to Acquire Kenvue in $48.7B Deal
Major consumer brands merge in blockbuster acquisition Kimberly-Clark announced on Monday that it will acquire consumer health company Kenvue in a $48.7 billion deal, forming one of the largest consumer staples companies