Chevrolet Malibu Discontinued as Part of GM's EV Effort, Killing Last Chevy Sedan
The Chevrolet Malibu will be discontinued, killing the brand's last sedan. It's a part of GM's efforts to embrace EVs.
Sectors
Anglo American Announces Plans to Leave Diamond, Platinum, Coal Mining to Avoid BHP Acquisition Plans
Anglo American decided on abandoning its diamond, platinum, and coal operations in order to realign its operations on nickel and avoid acquisitions offered by BHP Group.
Walmart Is Laying off Hundreds of Employees, Asking Remote Workers to Move to Offices
Walmart is reportedly laying off hundreds of corporate employees and requesting all its remote workers to move to the company's offices...
Japan's Finance Minister Stresses Close Coordination with Bank of Japan
Japanese Finance Minister Shunichi Suzuki told reporters about the importance of the government cooperating and coordinating its financial goals with the Bank of Japan...
Red Lobster Abruptly Closes at Least 48 Restaurants in US Amid Bankruptcy Reports
Red Lobster is unexpectedly shutting 48 US locations, liquidating its assets via an online auction...
Sony Appoints Hermen Hulst and Hideaki Nishino as New PlayStation CEOs
Sony named Hermen Hulst and Hideaki Nishino PlayStation division CEOs ...
OpenAI Startup Fund Secures Additional $5 Million in Latest Funding Round
The OpenAI Startup Fund has successfully raised an additional $5 milli...
Latest News
Bank of Canada Warns of Stability Risks Amidst Record High Interest Rates, Asset Valuation Concerns
Bank of Canada warns of financial instability amid record-high interest rates, citing concerns over stretched asset valuations and mortgage payment hikes, urging vigilance.
Hyundai, Kia Unit Allegedly Repossessed Cars From Military Personnel Illegally; Financial Arm to Settle Charges
A Hyundai and Kia unit was accused of illegally repossessing cars from military service members. The financial unit now wants to settle charges.
Xbox Game Studios Faces Further Job Cuts As Microsoft's Restructuring Continues
Microsoft's Xbox division is preparing for further job cuts to align with ongoing restructuring efforts to optimize its gaming subsidiaries following massive acquisitions and cost-cutting initiatives.
Biden Admin's Anti-Credit Card Junk Fee Regulation Could Face Last-Minute Freeze, Here's Why
The Biden Admin's anti-credit card junk fee regulation could be frozen at the last minute. Will USCOC's request be accepted?
Roblox Shares Dip Sharply Due to Lower Spending and Intensifying Competition
Roblox's second-quarter bookings fell short, with shares dropping nearly 20% and revenue missing expectations at $780.7 million compared to the anticipated $784.9 million.
TikTok To Automatically Flag AI-Generated Content
TikTok introduces a new feature to automatically label artificial intelligence-generated content (AIGC) with guidance from experts and collaboration with OpenAI through its recent membership in the Co
Boeing Faces New Safety Concerns as FedEx Cargo Plane Lands in Istanbul Without Front Gear
A FedEx Airlines Boeing 767 cargo plane landed in Istanbul without its front landing gear, sparking an ongoing investigation, which adds to Boeing's multiple aircraft incidents in 2024 alone.
FTX Bankruptcy: Refunds Expected for Most Customers, Excludes Crypto Gains
The plan, pending court approval, details that almost all customers will be reimbursed the funds they are owed, with some receiving amounts exceeding their original claims.
Amazon Prime Video to Roll Out Product Ads on Screens When Users Hit Pause
The main addition to Amazon Prime Video will be "pause ads," which will display when viewers pause content on the platform by pressing the pause button.
