Business
Ferrari Breaks Barriers, Embracing Expansion and Accessibility
Renowned Italian luxury automaker Ferrari (RACE) has long been synonymous with crafting some of the world’s most coveted automobiles. Diverging from traditional luxury car manufacturers,...
Weight Loss Drug Fears Impact McDonald’s Stock Prices
McDonald’s Corporation (MCD), a stalwart in the fast-food industry, has experienced a significant downturn in its stock prices. Over the past half-year, shares of the...
Rising Threat: Organized Crime Rings Inflict Billions in Losses on Retail Industry
Retail shrink, or theft, has emerged as an escalating predicament plaguing the retail sector, culminating in staggering losses surpassing $112 billion for retailers in the...
GM Delays Electric Pickup Production Amid Evolving Demand
General Motors (GM) announced on Tuesday a strategic shift in its production plans, opting to delay the assembly of electric pickup trucks at its Orion...
Competitive Edge: Stellantis Embraces Low-Cost Platform for Electric Future
In a strategic move to tap into the burgeoning market of affordable Chinese electric vehicles (EVs) flooding Europe, Stellantis, the automotive giant born from the...
Lockheed Martin Posts Impressive Q3 Results Amidst Supply Chain Struggles
U.S. aerospace behemoth Lockheed Martin Corporation saw a notable surge of 2% in its shares during Tuesday morning trading, following the release of unprecedented third-quarter...
BYD Projects Staggering Q3 Net Profit Amidst Industry Competition
Chinese electric vehicle juggernaut, BYD, announced on Tuesday its projection of a twofold surge in net profit for the third quarter, attributing the surge to...
Rite Aid Bankruptcy: Concerns Arise Over Medicine Access
In a move driven by its ongoing bankruptcy proceedings, Rite Aid has unveiled plans to shutter a significant number of its stores, a decision that...
US Halts AI Chips Exports to China, Tightens Controls
Exports of AI chips to China Halted In a significant move to safeguard advanced US technologies and curb China’s military development, the Biden administration announced...
Thermo Fisher Scientific to Acquire Olink Holding AB in $3.1B Deal
In a strategic move to enhance its capabilities in life sciences, Thermo Fisher Scientific and Olink Holding AB jointly announced on Tuesday their agreement for...