In a significant restructuring move, General Motors (GM) is severing approximately 50% of its workforce at Cruise, the company’s self-driving car subsidiary. This drastic step follows GM’s announcement just two months prior that it would halt funding for Cruise after investing over $10 billion since its acquisition of the company in 2016. The layoffs, which
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Hollywood is no stranger to challenges, but recent trade tariffs imposed by President Donald Trump on Canadian goods signal a troubling period ahead for the film industry. As Canada has increasingly become known as “Hollywood North,” it has hosted a plethora of American film and television productions thanks to its competitive tax credits and a
On a fateful Wednesday evening, the skies over Washington D.C. became the backdrop for one of the deadliest aviation disasters in recent American history. The catastrophic collision involved a military Black Hawk helicopter and an American Airlines regional jet, resulting in the tragic loss of 67 lives, including all 64 occupants of American Airlines Flight
The recent Senate confirmation hearings for Robert F. Kennedy Jr., nominated by former President Donald Trump to lead the Department of Health and Human Services (HHS), have raised serious questions about his qualifications for overseeing a vast $1.7 trillion agency responsible for the health care of millions of Americans. Particularly troubling were his apparent lack
As the Super Bowl approaches, Fox Corp. is basking in an extraordinary success. The company has effectively sold out all advertising slots for Super Bowl 59, scheduled for February 9, indicating a robust market demand. According to insider sources, several advertising spots have fetched a staggering $8 million each, signaling a record-breaking moment in the
On Tuesday, Starbucks published its latest financial report, revealing a mixed bag of results. While the company’s same-store sales continued their downward trend for the fourth quarter in a row, their quarterly earnings and revenue managed to surpass Wall Street’s expectations. The coffee titan is currently embroiled in a strategic turnaround plan aimed at revitalizing
The unprecedented wildfire season in California has sparked critical challenges for both state authorities and private aviation companies dedicated to aerial firefighting. As massive blazes threaten urban areas, it becomes increasingly apparent that existing resources and infrastructure may not be sufficient to combat the intensity and frequency of modern wildfires, particularly in light of climate
Toward the end of last year, American Express (AmEx) exhibited robust growth in card spending, reflecting a resurgence in consumer confidence after experiencing a drop earlier in the year. The company’s Chief Financial Officer, Christophe Le Caillec, noted a significant 8% year-over-year increase in spending during the fourth quarter. This rebound was particularly pronounced among
In recent discussions surrounding the evolving cryptocurrency markets, key insights have emerged from Ted Pick, the CEO of Morgan Stanley. During the World Economic Forum in Davos, Switzerland, he addressed the future role of major financial institutions in the cryptocurrency space, emphasizing the need for a comprehensive regulatory framework. This echoes the sentiments shared by
In recent developments within the automotive industry, Stellantis, the multinational automaker born from the merger of Fiat Chrysler and PSA Group, is making significant strides in its U.S. operations. During an engaging session with former President Donald Trump prior to his inauguration, John Elkann, the chairman of Stellantis, unveiled a comprehensive investment strategy aimed at