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Category Archives: Uncategorized

UAW leadership faces historic upheaval ahead of union negotiations with Detroit automakers

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.

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Rivian 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.

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Virgin 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.

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General Motors cuts 500 salaried employees

GM follows other major companies, including competitors, in downsizing headcounts to preserve cash and boost profits.

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Home price gains weakened sharply to end 2022, according to S&P Case-Shiller

Higher mortgage rates weighed on home price gains in December.

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SpaceX 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.

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Target 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.

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Rupert 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.

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McDonald’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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