The ongoing feud between United Auto Workers President Shawn Fain and Stellantis CEO Carlos Tavares has escalated, with Fain accusing Tavares of engaging in price gouging practices and failing to uphold parts of the union’s labor contract with the automaker. Fain’s criticisms, detailed in a video posted on Friday, paint a grim picture of the
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General Motors recently unveiled the redesigned versions of its entry-level GMC Terrain crossover, showcasing a more rugged exterior design. This new look is sure to turn heads on the road, providing a fresh and modern aesthetic for consumers who are in the market for a compact crossover. One of the most notable updates to the
Financial markets are notorious for their unpredictability, and the recent burst of volatility that caught many off guard is a stark reminder of this fact. Trades that thrive in a low volatility environment can quickly unravel when volatility spikes, leading to substantial losses. The allure of high profits in these trades often blinds traders to
SunPower, once a prominent player in the rooftop solar installation industry, has now filed for bankruptcy. The company has faced a myriad of challenges, ranging from high interest rates to allegations of misconduct in its reporting practices. As a result, SunPower’s stock has plummeted by 90% this year, with a drastic 32% drop to 55
The cryptocurrency market experienced significant volatility as Bitcoin dropped below $50,000 for the first time since February. This led to a ripple effect on bitcoin-related companies, with names like Robinhood, MicroStrategy, Coinbase, and Marathon Digital all facing losses. Robinhood plummeted more than 10%, while MicroStrategy plunged more than 8%. This highlights how closely tied these
Warren Buffett, the renowned investor, made a bold move recently by cutting his significant stake in Apple by half. This decision sent shockwaves through the investment community and resulted in a major drop in Apple’s stock price. Berkshire Hathaway, the conglomerate owned by Buffett, disclosed in its earnings filing that the value of its Apple
In the last quarter, Berkshire Hathaway’s cash pile swelled to a record $276.9 billion, marking a significant increase from the previous record of $189 billion set in the first quarter of 2024. This surge came as Warren Buffett, the Oracle of Omaha, sold off large portions of stock holdings, including a significant portion of his
Moderna, a prominent biotech company, recently reported second-quarter revenue that exceeded expectations. However, the company decided to reduce its full-year sales guidance due to various factors such as lower expected sales in Europe, a competitive environment for respiratory vaccines in the U.S., and the potential for deferred international revenue into 2025. The company now anticipates
The 2025 Ford Maverick pickup truck has undergone a significant redesign, incorporating a host of new features and improvements. One of the notable updates is the refreshed exterior and interior styling, giving the vehicle a modern and sleek appearance. Moreover, the introduction of a 13.2-inch center touchscreen adds a touch of luxury and convenience to
Microsoft experienced a 6% drop in shares due to disappointing results from its cloud business. Despite beating expectations in the fiscal fourth quarter, the negative cloud business impact overshadowed these successes. On the other hand, Advanced Micro Devices saw a 5% increase in shares after surpassing second-quarter estimates. The company posted impressive earnings and revenue
Fast-food chains have been facing a tough time recently as consumers are cutting back on their spending and opting for more cost-effective options. With a decline in foot traffic and sluggish sales, many popular chains like McDonald’s, Taco Bell, Burger King, and Wendy’s have turned to $5 meal deals in hopes of attracting more customers
Billionaire investor Bill Ackman has decided to postpone the highly anticipated listing of Pershing Square’s U.S. closed-end fund. This decision was communicated through a notice on the New York Stock Exchange’s website. The initial public offering of Pershing Square USA Ltd., with the ticker PSUS, has been delayed with no specific date announced for the
Disney and Marvel’s “Deadpool & Wolverine” has shattered expectations with a staggering $38.5 million in Thursday previews. This highly anticipated film is on track for a domestic opening of over $150 million, setting a new record for an R-rated movie. It is the first R-rated entry in the Marvel Cinematic Universe, making it a groundbreaking
One of Japan’s leading automakers, Toyota Motor, is making significant strides in the electric vehicle (EV) market with its plans to build a battery plant in Fukuoka. This new plant will supply batteries to a factory that produces the luxury Lexus brand cars, marking a strategic move for Toyota. The decision to build the battery