The leadership shuffle follow a yearslong federal investigation that uncovered systemic corruption involving bribery and embezzlement by top UAW leaders.
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Target leans into ‘affordable joy’ and its cheap chic reputation as sales slow
Target is investing money in new services and brands that it hopes will convince more budget-conscious customers to boost spending at the retailer.
Continue readingRivian posts mixed fourth quarter and underwhelming EV production outlook, stock falls
The results follow slower-than-expected production, unexpected pricing pressure and plans to lay off 6% of its workforce in a bid to conserve cash.
Continue readingVirgin Galactic completes lengthy upgrade process ahead of resuming spaceflights
Virgin Galactic reported fourth-quarter results on Tuesday, with the company saying it remains on track to resume spaceflights in the coming months.
Continue readingGeneral Motors cuts 500 salaried employees
GM follows other major companies, including competitors, in downsizing headcounts to preserve cash and boost profits.
Continue readingHome price gains weakened sharply to end 2022, according to S&P Case-Shiller
Higher mortgage rates weighed on home price gains in December.
Continue readingSpaceX begins launching second-generation Starlink satellites with four times the network capacity
Starlink’s V2 Mini satellites add about four times as much network capacity per satellite compared with prior iterations.
Continue readingTarget will report earnings before the bell — Here’s what to expect
The big-box retailer’s results come with higher stakes after missing earnings’ expectations for three consecutive quarters.
Continue readingRupert Murdoch says some Fox News anchors ‘endorsed’ false election fraud claims in Dominion case
Further revelations about Fox Corp executives were unveiled in Dominion Voting Systems court papers filed Monday.
Continue readingMcDonald’s expands Krispy Kreme test to more Kentucky locations
The Krispy Kreme doughnuts will be available all day and can be ordered in the drive-thru lane, in the restaurant, through the McDonald’s app and […]
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