GM’s Cruise slashes contractor roles after driverless car suspension
Cruise announced a round of layoffs Thursday affecting contract workers who worked on its driverless ridehailing service.
Investor Sarat Sethi shares his picks for a higher-for-longer interest rate environment
The managing partner at Douglas C. Lane & Associates favors Morgan Stanley, among other stock names.
How Urban Outfitters’ Nuuly is outsmarting Rent the Runway
Since launching in 2019, Nuuly, a clothing rental subscription service by Urban Outfitters Inc., is growing quickly.
Astra founders offer to take company private at value of about $30 million
Astra’s rocket-launching business has been on hiatus since a June 2022 mission failure, and the company is running out of cash.
Average credit card balances top $6,000, a 10-year high, as delinquencies rise
Americans are increasingly leaning on credit to make ends meet, boosting balances and total debt to fresh highs.
Why these three money managers are betting big on AI ETFs
Artificial intelligence ETFs are giving investors a way to trade beyond the traditional tech names.
Rocket Lab pushes to get launch business back on track, with 22 Electron missions booked next year
Rocket Lab’s launch business saw $21.3 million in revenue in the third quarter, with a mid-September mission failure halting the company’s momentum.
Arm reports first post-IPO earnings and the stock is down 7%
Arm reported its first post-IPO earnings on Wednesday that beat Wall Street expectations for sales.
Gambino family Mafia crackdown: 16 arrests by New York feds and Italian authorities
The Gambino organized crime family is one of five Mafia families in New York. Ten alleged Gambino members and associates were charged in Brooklyn federal court.
Microsoft’s GitHub announces Copilot assistant that can learn about companies’ private code
Expert developers and their less experienced peers might be able to spend less time working on proprietary code using GitHub’s Copilot Enterprise — for a fee.
