General Motors (GM) has unveiled a $10 billion accelerated share repurchase program and reinstated its 2023 earnings guidance.
Industry
Despite AI Hype, New Data Shows Only Few US Companies Are Actually Using It
An NBC News analysis found that despite the AI hype, only a few companies are actually using it. The hype surrounding artificial intelligence (AI) is reaching a crescendo among major US companies, with almost half of the S&P 500 firms featuring AI prominently in their earnings calls since May.
Federal Reserve Chair Jerome Powell Downplays Rate Cut Talk, Says More Rate Hikes Still Possible
Federal Reserve Chairman Jerome Powell has dismissed market speculations for aggressive interest rate cuts ahead.
US to Prevent China From Supplying Battery Materials for EVs Set to Receive Billions in Tax Credits
The United States (US) has issued long-awaited guidance that will limit China's role in electric vehicles (EVs).
Apple and Paramount Streaming Bundle Report Spurs Rise in Media Stocks
Media stocks experienced a significant uptick on Friday after a report of Apple and Paramount agreeing to provide a bundled package featuring their respective streaming services.
Latest News
SoFi Invest is exiting the cryptocurrency world amid increased regulatory scrutiny. SoFi Invest is exiting the cryptocurrency world amid increased regulatory scrutiny.
Spirit Airlines is offering early departure packages to salaried employees. Amid ongoing financial challenges, Spirit Airlines is offering voluntary exit packages to salaried employees to salaried employees, marking the latest cost-cutting strategy by the budget carrier.
Elon Musk's Neuralink, a company focused on developing brain implant technology, has secured an additional $43 million in funding.
Amazon has unveiled its latest venture into the world of artificial intelligence (AI) by introducing a new chatbot called Q.
Disney's new film "Wish" did not shine during the Thanksgiving holiday weekend, failing to meet box office analysts' expectations.
Chinese-founded fast-fashion giant Shein has confidentially filed for an initial public offering (IPO) in the United States (US).
President Joe Biden has criticized corporations for maintaining high consumer prices despite a slowdown in the rate of inflation.
Alibaba co-founder Jack Ma, a longstanding figure in China's technology sector, is diversifying his business ventures into the food industry with the establishment of a new company, "Hangzhou Ma's Kitchen Food."
Amid the escalating trade tensions between the United States and China, the impact of the US chip export ban is reportedly taking a toll on Chinese artificial intelligence (AI) startups.
