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Ford Motor Company today reinstated its 2023 financial guidance, forecasting lower adjusted profits compared to 2022 due to substantially higher costs from a recent United Auto Workers union strike. UAW…
The United Auto Workers (UAW) union has announced a new campaign to organize over 150,000 employees across 13 automakers in the United States, in a move that could dramatically expand…
General Motors (GM) announced plans on Tuesday to repurchase $10 billion of its shares and boost its dividend by 33% in 2024, after the company reached new labor agreements with…
Charlie Munger, the vice chairman of Berkshire Hathaway and right-hand man to CEO Warren Buffett for over 60 years, has died at the age of 99. Munger's death marks the…
Tesla is set to host a delivery event for its long-awaited Cybertruck electric pickup truck on November 30th at Giga Texas. The event marks a significant milestone for the automaker…
Chinese fast fashion giant Shein has filed confidential paperwork for a US initial public offering (IPO), according to multiple reports on November 27th. The company is seeking a valuation of…
Cyber Monday 2023 has seen record-breaking online sales, despite concerns over inflation and economic uncertainty this holiday season. Retailers offered major discounts across categories like tech, home goods, apparel and…
Eli Lilly's new weekly injection medication Zepbound (tirzepatide) has shown significantly greater weight loss results compared to the popular Ozempic (semaglutide) in a large real-world study, positioning it to potentially…
OpenAI, the artificial intelligence research startup behind ChatGPT, announced Friday that co-founder Sam Altman has returned as CEO just days after being ousted by the company's board. The stunning reversal…
Chinese financial conglomerate Zhongzhi Enterprise Group has warned that it is insolvent, with liabilities reaching nearly $64 billion, sending shockwaves through the country's banking system. Authorities have opened multiple investigations…
OpenAI CEO Sam Altman is back in charge after a tumultuous week that saw the AI startup's board attempt to oust him. Altman has recomposed OpenAI's board of directors, removing…
Changpeng Zhao, the CEO and founder of Binance, the world's largest cryptocurrency exchange, pleaded guilty to criminal charges related to violating US bank secrecy laws and sanctions violations. As part…
Nissan has announced plans to build new all-electric models of two of its most popular vehicles, the Juke and Qashqai SUVs, at its manufacturing plant in Sunderland, UK. The Japanese…
OpenAI, the artificial intelligence startup behind ChatGPT, experienced a sudden shakeup last week when CEO Sam Altman was abruptly removed by the board of directors. But in an unexpected reversal…
Black Friday, the day after Thanksgiving, is known for its deep discounts and doorbuster deals that draw hordes of shoppers to stores across the country. This year is no exception,…
A Florida judge has ruled that Tesla and CEO Elon Musk likely knew the Autopilot driver assistance system was defective and posed a deadly threat to drivers. The ruling allows…
Black Friday, the day after Thanksgiving, has long marked the beginning of the holiday shopping season. This year retailers are offering deep discounts to draw customers both in stores and…
The 2023 holiday shopping season is underway, with retailers offering deep discounts to entice cost-conscious consumers. Despite high inflation and rising interest rates, surveys show most Americans still plan to…
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