The corporate job cuts come as the shipping giant tries to reduce costs amid cooling consumer demand.
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Chaos and intrigue reign in UK court fight over Castro-era Cuban debt
A trial over unpaid Cuban sovereign debt enterted its second week at the UK High Court.
Continue readingWatch live: Biden to tout latest infrastructure project, replacing the 150-year-old train tunnel in Baltimore
The current Baltimore and Potomac Tunnel opened during the Ulysses S. Grant administration and is used daily for commuters between New York and Washington, D.C.
Continue readingRenault slashes Nissan stake as the automakers overhaul their decades-long alliance
Renault has trimmed its interest in coalition ally Nissan stake as the automakers overhaul their decades-long union.
Continue readingCarmakers face a crossroads as they work to fit auto dealers into their EV plans
For dealers, EVs will mean new employee training, infrastructure and substantial investments to be able to service, sell and charge the vehicles.
Continue readingFord cuts prices on electric Mustang Mach-E, following Tesla’s lead
Ford said Monday it will lower the price of the Mach-E, which is comparable to Tesla’s Model Y, by an average of about $4,500, depending […]
Continue readingMolson Coors and DraftKings team up to let fans bet on ‘high stakes’ Super Bowl ad
The brands said they’re offering viewers a piece of a $500,000 prize pool for correctly predicting the contents of the beer maker’s Super Bowl commercial.
Continue readingFord and General Motors enter a new phase of uncertainty on prices and demand
Ford and General Motors are set to report earnings this week.
Continue readingBright lights and snazzy mannequins: Walmart rolls out sleek new store designs
Walmart is rolling out the sleeker look as it attracts higher-income households with lower-priced groceries.
Continue readingCramer’s lightning round: L3Harris Technologies is still a buy
“Mad Money” host Jim Cramer rings the lightning round bell, which means he’s giving his answers to callers’ stock questions at rapid speed.
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