PepsiCo to close Chicago bottling plant, impacting 150 workers
PepsiCo said Monday it’s closing a Chicago bottling plant, a move the Teamsters union says will impact 150 workers. PepsiCo…
Oil Steadies After Steep Plunge as Focus Moves to China, OPEC+
Oil held steady after tumbling the most in more than two years on Monday as the wipeout of crude’s geopolitical…
Nvidia Has Lots Riding on This Week Even as Earnings a Month Out
Nvidia Corp. isn’t expected to announce earnings for another month, but results this week from the chipmaker’s biggest customers are…
Southwest Airlines must face pilots’ union lawsuit over threats
Southwest Airlines must face a lawsuit accusing the carrier of illegally intimidating and disciplining pilots who participate in its more…
Intel set for big drop in quarterly revenue as chipmaker struggles to bounce back
Intel is expected to report its biggest quarterly revenue drop in five quarters on Thursday, potentially signaling more erosion of…
Ford cuts 2024 earnings guidance due to warranty costs and slow pace of cost cutting
Stubbornly high warranty expenses and lagging cost-cutting efforts are holding back Ford Motor Co.’s profits this year, causing the company…
Toyota, NTT to make $3.3 billion R&D investment for AI self-driving
Toyota Motor and Japan’s Nippon Telegraph and Telephone (NTT) will invest 500 billion yen ($3.26 billion) in research and development…
China again warns EU against separate talks with EV makers
China renewed warnings to the European Union that if the bloc conducts separate negotiations with electric vehicle companies while in…
European airlines struggle with plane delays, high costs in Q3
Europe’s major airlines including Lufthansa and Air France-KLM are expected to report another quarter dragged down by rising costs and…
TSMC halts Ascend 910B shipments to firm suspected acting as a Huawei proxy
TSMC has stopped supplying production to China-based Sophgo, which is believed to be a proxy that Huawei used to make…