Ally Financial Announces Job Cuts
Ally Financial, a leading financial services company, revealed plans on Monday to implement a series of job cuts within its ranks. According to spokesperson Peter
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Rivian Automotive Shines with Strong Q3 Deliveries
Rivian Automotive (RIVN), the electric-vehicle trailblazer, has reported third-quarter (Q3) deliveries that outperformed analyst projections, driven by a significant surge in production of its pickup
Citi Analysts: Brent Prices Face Decline in 4Q and 2024
In a remarkable surge, oil prices catapulted an impressive 28% on average over the past quarter, attaining four-month peaks. This dramatic upswing can be attributed
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
