UAW president slams Stellantis CEO over job cuts, alleged price gouging
The comments are the latest in an ongoing back-and-forth between the CEO and union leader following contentious collective bargaining talks last year.
Jackson Hole next week will give investors greater clarity on the interest rate outlook
Jerome Powell is scheduled to deliver the Federal Reserve chair’s annual address at Jackson Hole, Wyoming next Friday morning.
Cadillac reveals new ‘Opulent Velocity’ performance EV concept
GM’s new all-electric Cadillac concept car is designed to preview how the automaker plans to keep its high-performance V-Series vehicles relevant for EVs.
Ford upgrades Lincoln Navigator to include spa mode, 48-inch display for videos and gaming
The new features come as the automaker has redesigned the exterior and interior of the Lincoln Navigator for the 2025 model year.
Harris to endorse protections for renters and removal of key tax benefits for Wall St. investors buying homes
Harris has begun to provide details about her policy positions after abruptly becoming the Democratic nominee.
What’s next for the Biden administration’s Medicare drug price negotiations
The Medicare negotiations are a multi-round process that could produce more savings for taxpayers and seniors and put more pressure on drugmakers over time.
Meta CEO Mark Zuckerberg receives letter from lawmakers concerned about illicit drug ads on Facebook and Instagram
A bipartisan group of lawmakers sent Meta CEO Mark Zuckerberg a letter expressing concern about illicit drug advertisements running on the company’s apps.
Ex-Google CEO Eric Schmidt sees Nvidia as big AI winner: ‘You know what to do in the stock market’
Former Google CEO Eric Schmidt said in a recent talk at Stanford that, while he isn’t giving investment advice, Nvidia is the top beneficiary of the AI boom.
Cisco shares have best day since 2020 on earnings beat, plans to cut 7% of workforce
Cisco shares jumped on Thursday and were on pace for their best day since November 2020, after the networking company announced layoffs and an earnings beat.
NBCUniversal is pinning Peacock’s streaming success on its $2.45 billion per year NBA deal
NBC Sports is banking on the long-term success of Peacock and sports as the linchpin to making its $2.45 billion bid for the NBA profitable.
