Hyundai's $7.6B Georgia Plant Starts Electric SUV Production Amid Safety Concerns
Hyundai's Georgia plant produces electric SUVs, meeting tax credit requirements, despite safety issues and worker injuries.
Rio Tinto Eyes $4-6 Billion Arcadium Takeover, Bolstering Global Lithium Presence
Rio Tinto is reportedly considering paying $4-6 billion to acquire U.S. lithium producer Arcadium, which would give it access to mines and processing facilities on four continents. The move highlights the global competition for lithium dominance in the face of rising demand for electric vehicles.
Spirit Airlines Reportedly Exploring Bankruptcy Filing, Shares Plunge
The airline is also negotiating an out-of-court agreement with bondholders to address its financial challenges following the collapse of its merger with JetBlue Airways
Hurricane Helene: Starlink Restores Connectivity In Storm-Hit Areas
SpaceX's Starlink deploys satellite internet to Appalachian regions devastated by Hurricane Helene, offering free service to affected residents.
Consumers Have Saved More Than $2B From EV Adoption: US Treasury
Owners of EVs can save an average of $1,750 annually on fuel and maintenance expenditures, resulting in savings of up to $21,000 over a car's 15-year lifespan.
Google Invests $1Bn In Thailand, Boosting AI And Cloud Infrastructure In Southeast Asia
Amid Southeast Asia's growing reputation as a digital hotspot, Google has invested $1 billion in Thailand's cloud infrastructure, which is projected to generate $4 billion in economic growth and create 14,000 new jobs annually over the next five years.
Oil Prices Climb Amid Middle East Tensions
The Middle East war is causing oil prices to rise. Brent crude is up 0.71% to $72.49/barrel, while WTI crude is up 0.63% to $68.61/barrel.
OpenAI's CTO Mira Murati, 2 Top Research Execs Resign Amid Wave Of Departures
The departures of Chief Technology Officer Mira Murati, Chief Research Officer Bob McGrew and Vice President of Research Barret Zoph come amid the ChatGPT maker's reported shift to a for-profit model and discussions of a potential $6.5 billion investment round.
Boeing Strike Continues As Workers 'Not Interested' In Revised Contract Offer
The International Association of Machinists and Aerospace Workers District 751 (IAMAW) said Tuesday that the survey results "were overwhelmingly clear, almost as loud as the first offer: members are not interested in the company's latest offer."
Justice Department To Sue Visa Over Debit Card Market Monopoly
The US DOJ is suing Visa for allegedly controlling the debit card market, suppressing competition, and unjustly raising prices.
Boeing Strike Enters Second Week, Losses Touch $572M
Boeing's machinist strike jeopardizes the company's junk debt position. Unresolved labor issue; stock stable; mounting financial pressure.
Tyson Foods Sued Over False 'Net-Zero' And 'Climate-Smart' Beef Promises
Tyson Foods is being sued for allegedly choosing publicity over action and deceiving customers with bogus climate promises. Find out more about the lawsuit filed by the Environmental Working Group (EWG).
Microsoft, BlackRock join hands to raise $100 billion for AI data centers
The companies are part of the Global Artificial Intelligence Infrastructure Investment Partnership, and the other participants in the group are Global Infrastructure Partners, an infrastructure investor soon to be part of BlackRock, and MGX, a tech investor in the UAE.
Stellantis Faces Unfair Labor Practice Charges From UAW
The UAW union said it filed the charges with the National Labor Relations Board against Stellantis, claiming that the company unlawfully withheld details about plans to move Dodge Durango production from a Detroit factory to one in Canada, according to a report.
Boeing Mulls Temporary Furloughs As It Cut Costs Amid Strike, Credit Rating Woes
Due to a labor dispute, Boeing places travel limits, hiring freezes, and furloughs since its credit rating is at risk after $33 billion in losses since 2019.
US Crackdown On Tax-Free Imports Hits Temu, Shein Hard
Shein and Temu downplayed the impact of the crackdown on their business, stating that their growth doesn't depend on the tax-free policy.
Boeing Workers Reject Contract, Vote For Strike; 737 MAX Production In Limbo
Thirty thousand workers at Boeing go on strike for wages and benefits, endangering the company's ability to recover from $60 billion in debt and safety concerns.
Google's AI Model Under EU Lens Over Data Privacy Concerns
Regulators in the European Union are looking into Google's Pathways Language Model 2 (PaLM2) for possible GDPR infractions. They are concentrating on impact assessments and the processing of personal data.
DirecTV Files FCC Complaint Against Disney, Alleging Bad Faith Negotiations
If the dispute persists, DirecTV viewers may also miss upcoming events, including the highly-anticipated "Monday Night Football" game between the New York Jets and San Francisco 49ers on Sept. 9 and a presidential debate on Sept. 10, hosted by ABC News.
Salesforce Strengthens Data Protection With $1.9B Acquisition Of Own
Salesforce pays $1.9 billion to acquire Own, strengthening its data management and protection offerings, which could improve cash flow.
US Job Openings Decline To Lowest Since 2021 As Labor Demand Weakens
In July, there were 7.7 million job opportunities, the fewest since 2021, while layoffs increased, indicating a softening trend in the U.S. labor market.
ByteDance Seeks Record $9.5 Billion Loan For E-Commerce, GenAI Expansion
Securing this substantial loan indicates ByteDance's eagerness to access Asia's liquid loan market, especially in light of a 44% decline in dollar loan volume this year.
Justice Jackson Supports 'Enforceable' Ethics Code For Supreme Court Judges
Justice Ketanji Brown Jackson distanced herself from commenting on the current disputes involving Justices Clarence Thomas and Samuel Alito, but she is in favor of an enforced code of ethics for the Supreme Court.
Democrat Tim Kennedy Wins Congress Seat In New York Special Election To Replace Ex-Rep Higgins
Kennedy's victory highlights Democratic momentum as he gets ready for a fierce primary matchup with Nate McMurray.
Biden Administration Considers Providing Refuge To Some Palestinians From War-Torn Gaza: Report
The Biden administration is considering giving sanctuary to Palestinians, who have immediate family members living in the country.
Scooter Braun Net Worth 2024: How The Music Mogul Mastered Success
Unveiling Scooter Braun's net worth, business deals, and the drama that shaped his music empire.
Ice Spice Net Worth 2024: Rising Rap Sensation's Financial Journey
Is the Bronx rapper raking in the dough? Find out Ice Spice's net worth and how the "Munch" rapper launched her career.
Max Verstappen Net Worth 2024: Racing Ahead With Speed And Success
Let us explore F1 champion Max Verstappen's net worth, his love for cars and his several charitable activities.
Olivia Dunne Net Worth 2024: From Beach-Nastic Videos To Big Bucks
Olivia Dunne's net worth skyrocketed because to her social media stardom and NIL deals, surpassing her gymnastics success. Find out her secret!
Al Pacino Net Worth 2024: Hollywood Legend's Stellar Career And Fortune
Al Pacino's illustrious career has translated into financial success and how! Learn more about the iconic actor's journey.