General Motors lays off about 1,000 workers, cutting costs to compete in a crowded automobile market
General Motors is laying off about 1,000 workers worldwide, shedding costs as it tries to compete in a crowded global…
Musk’s SpaceX preparing to launch tender offer in Dec at $135/share
– Elon Musk’s SpaceX is preparing to launch a tender offer in December to sell existing shares at a price…
Ford agrees to pay up to $165 million penalty to US government for moving too slowly on a recall
Ford Motor Co. will pay a penalty of up to $165 million to the U.S. government for moving too slowly…
China’s weak economy and record US production will lead to a surplus of one million barrels of oil a day next year
The oil market could see a surplus of one million barrels of crude a day in 2025, the IEA forecast.…
KO Stock Drops 9.8% in a Month: Buying Opportunity or Warning Sign?
The Coca-Cola Company KO stock has rolled down 9.8% in the past month, underperforming the broader industry’s 6.3% decline. With…
Microsoft’s $13 billion AI Bet Called “Best Money Ever Spent” by Wall Street
Microsoft (MSFT, Financial) spends a record $13 billion on artificial intelligence (AI), and Wall Street, including JP Morgan, has hailed…
Billionaire Michael Saylor of MicroStrategy Just Delivered Incredible News for Bitcoin
Michael Saylor, founder and executive chairman of MicroStrategy (NASDAQ: MSTR), is arguably one of the biggest Bitcoin (CRYPTO: BTC) bulls…
Why Rivian’s $5.8 Billion Deal With Volkswagen Is Exceptionally Bullish
Electric vehicle (EV) maker Rivian (NASDAQ: RIVN) said late Tuesday that it closed a hugely important deal, in which giant…
China says TSMC chip curbs undermine interests of Taiwan companies
China’s Taiwan Affairs Office said on Wednesday that a U.S. order to Taiwan Semiconductor Manufacturing Co to halt shipments of…
Exclusive-Pfizer explores sale of hospital drugs unit
Pfizer (PFE) is exploring the sale of its hospital drugs unit, as the drugmaker, which has been under pressure from…