Stellantis CEO, Carlos Tavares, announced on Friday that the company will not sell electrified vehicles at a loss like other automakers have done in the past. This marks a significant departure from the norm, as many automakers have resorted to selling EVs at a loss in order to drive sales, meet fuel economy standards, or
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Shares of chip manufacturers AMD and Nvidia reached unprecedented highs on Thursday, propelled by the ever-increasing demand for chips that power artificial intelligence (AI). AMD’s stock surged over 1% during trading to achieve its highest-ever closing price of $162.67, while Nvidia experienced a similar boost of just under 2% to reach $571.07. Both companies have
The labor market is undergoing a noticeable shift with the rise of new-collar jobs, offering opportunities for highly skilled workers who do not possess a college degree. Coined by Ginni Rometty, former CEO of IBM, the term “new-collar jobs” refers to positions that demand advanced skills but not necessarily higher education. These roles often come
In a move to cater to the evolving needs of its customers, Microsoft has recently introduced new subscription options for its Copilot virtual assistant. With the rising demand for generative artificial intelligence (AI), Microsoft aims to position itself as the go-to company for AI-powered solutions. The addition of Copilot to its productivity apps and the
Elon Musk, the visionary CEO of Tesla and SpaceX, has recently expressed his desire for an increased voting control over his electric vehicle business. Already owning around 13% of Tesla, which translates to approximately 411 million shares, Musk’s stake in the company is substantial. However, he now aims for a 25% voting control, allowing him
Defense Secretary Lloyd Austin may be hospitalized, but that does not mean he is sitting idle. According to national security spokesperson John Kirby, Austin remains actively involved and engaged in his duties. Despite his hospitalization, Austin participated in discussions regarding strikes on Iran-allied Houthi militants in Yemen. Kirby emphasized that cabinet officials do not need
In a crucial development, House and Senate leaders have come to an agreement on a short-term spending deal that would prevent a government shutdown in the upcoming weeks, according to three sources familiar with the matter. This deal aims to keep the government funded until March, allowing legislators more time to formulate longer-term spending bills
The Federal Aviation Administration (FAA) has announced an upcoming audit of Boeing’s production line, specifically focusing on the 737 Max 9 model. This decision comes after a door plug blew off an Alaska Airlines 737 Max 9, resulting in the grounding of over 170 aircraft of the same model worldwide. The FAA intends to evaluate
Tesla, the electric vehicle (EV) manufacturer, is making adjustments to its workers’ pay across its factories in the United States. Notices posted at the company’s vehicle assembly plant in Fremont, California, indicate that pay increases will be implemented starting this month. These changes come after Tesla workers in Nevada were informed of their hourly rate
In a blow to both Amazon and iRobot, shares of the Roomba maker plummeted by 19% following reports that Amazon’s concessions to Europe’s antitrust watchdog were rejected. The European Commission expressed concerns over potential competition issues arising from the planned $1.7 billion acquisition, prompting the need for Amazon and iRobot to propose changes to their