Editor’s Picks
Tesla Misses Q3 Delivery Targets, Citing Production Delays
Electric vehicle giant Tesla (TSLA) reported its third quarter (Q3) delivery figures on Wednesday, revealing a shortfall in anticipated numbers due to planned downtime at...
Kellogg Officially Divides into Kellanova and WK Kellogg Co.
In a historic move, Kellogg, the renowned 117-year-old producer of household snack staples like Pringles and Frosted Flakes, has completed its long-anticipated separation into two...
World Bank Lowers 2024 Forecast for China, Cites Global Factors
In its semi-annual regional update released on Sunday, the World Bank affirmed its economic growth projection for China in 2023 at 5.1%, holding steady from...
Mixed Opening for Stock Market Post Shutdown Crisis
In a roller-coaster start to the new week, the three major US indexes on the stock market saw a mixed opening today, reflecting the ongoing...
Week Closes on Wall Street with Declines in Major Indices
Wall Street concluded the week on a downbeat note as investors grappled with the latest release of the Personal Consumption Expenditures (PCE) Index, the Federal...
Alliance for Automotive Innovation Criticizes Biden’s Fuel Standard
The Alliance for Automotive Innovation, a prominent advocacy group representing major automakers including General Motors, Toyota Motor, Volkswagen, and Hyundai, issued a strongly worded statement...
UAW Escalates Strikes at Ford and GM Plants
The United Auto Workers (UAW) escalated their strikes on Friday morning, introducing “stand up” strike locations in a strategic move extending into the third week...
AB InBev Shares Surge 4% Post Bank of America Upgrade
Shares of Anheuser-Busch InBev (AB InBev), the parent company of Bud Light, surged by as much as 4% on Friday following an upgrade from Bank...
Eight Companies Settle with SEC, Pay $111M in Penalties
Eight prominent companies have collectively agreed to pay a staggering $111 million in penalties to the US Securities and Exchange Commission (SEC) for transgressions related...
McCarthy Faces Crisis as Government Shutdown Looms
With the Saturday night government shutdown deadline looming, House Speaker Kevin McCarthy faced a significant setback on Friday afternoon as his Republican-exclusive proposal to avert...
