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Category Archives: Uncategorized

American consumers are increasingly underwater on their car loans

Edmunds.com reported that the average amount owed on upside-down loans climbed to an all-time high of $6,458 during the third quarter.

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Novavax says FDA put hold on combination Covid-flu shot and influenza vaccine; shares plunge

The so-called clinical hold is due to a single report of nerve damage in a patient who received the combination shot in a phase two […]

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GM to invest $625 million in joint venture to mine EV battery raw materials in U.S.

The deal is centered on the development, construction and operation of a lithium carbonite mining operation called Thacker Pass in Humboldt County, Nevada.

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Chevrolet aims to defend highly profitable SUV market position with updated Tahoe, Suburban

The Chevrolet Tahoe and Suburban have led the mainstream full-size SUV segment for over 45 years, according to GM.

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Morgan Stanley shares pop 7% after beating estimates for third quarter profit and revenue

Morgan Stanley has several tail winds in its favor, from high stock values to a rebound in investment banking and strong trading activity.

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Ulta Beauty shares fall as company sees ‘headwinds’ in beauty industry

The retailer Ulta Beauty did not provide guidance for next fiscal year and said it expects near-term challenges to continue.

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FDIC unveils rule forcing banks to keep fintech customer data in aftermath of Synapse debacle

The rule, aimed at accounts opened by fintech firms that partner with banks, makes the institution maintain records of who owns the account and daily […]

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SpaceX Starlink has 2,500 airplanes under contract after United megadeal, director says

SpaceX nearly doubled its backlog of Starlink in-flight Wi-Fi orders with last week’s United Airlines deal.

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UAW union files unfair labor charges against Stellantis, accuses automaker of violating contract

The charges are the latest action by the union against Stellantis, which has drawn the ire of UAW leaders for production cuts, layoffs and other […]

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In federal trial, Michael Kors says it’s harder to sell handbags in TikTok and Taylor Swift era

It is one of the latest testimonies in the Federal Trade Commission’s lawsuit to block the merger of Coach’s owner Tapestry and Michael Kors’ owner […]

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