Business
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...
Bitcoin’s Soaring Rally Fuels Hopes as SEC ETF Decision Looms
The recent 10% surge in Bitcoin has sent ripples through the crypto market, grabbing the attention of traders and enthusiasts alike. This spike comes in...
US Factory Production Surges 0.4% Despite Auto Industry Strikes
In a surprising turn of events, the US factory production witnessed a notable upswing, defying expectations amid ongoing strikes within the automobile industry that have...
Lucid Group Reports Near 4% Increase in Q3 Deliveries Amid EV Market Challenges
Lucid Group, the electric vehicle manufacturer, revealed a nearly 4% sequential uptick in its deliveries during the third quarter (Q3) ending on September 30. This...
Bank of America Posts 10% Surge in Q3 Profits Amidst Economic Slowdown
Despite prevailing economic headwinds, Bank of America (BAC) reported a commendable 10% surge in profits during the third quarter (Q3) compared to the previous year....
