Stellantis plans to lay off an unspecified number of employees at its American plants in the coming months.
Industry
Elon Musk's SpaceX Injury Rates Soar Highest in the Industry for Second Year
Injury rates at SpaceX facilities remained higher above the industry average in 2023, according to an assessment of safety data submitted to US authorities by billionaire Elon Musk's space business.
Elon Musk's Tesla Expects to Incur Expenditures of Over $350 Million as Result of Mass Layoffs
Elon Musk's Tesla is poised to incur more than $350 million in expenses in the second quarter due to the mass layoffs that started last week.
US Solar Firms Urge Biden Admin to Apply Tariffs on Southeast Asian Imports
A group of US solar producers petitioned the federal government to put taxes on imports from four Southeast Asian countries, claiming they threaten the American market.
Hugo Boss Is Finally Leaving Russia After the German Fashion House Agrees to Sell Russian Business to Stockmann
German fashion house Hugo Boss announced Wednesday that it had agreed to sell its Russian operations to wholesale partner Stockmann, marking the end of its presence in Russia.
Latest News
A surge in power use from AI-powered data centers is projected to substantially increase natural gas demand in the coming years, according to a new report.
TikTok and its China-based parent company, ByteDance, have collectively spent over $7 million to counter its potential US ban.
The FTC has voted in favor of a nationwide ban against noncompete agreements. The Federal Trade Commission (FTC) voted 3-2 on Tuesday to ban noncompete agreements, which companies use to prevent employees from working with competitors within the same industry.
The facility was officially opened on Tuesday with a ribbon-cutting ceremony attended by Amazon officials and local leaders.
Apple has confirmed that it will host a highly anticipated event on May 7th, where it is expected to unveil updated versions of its popular iPad Pro and iPad Air models.
IBM is currently in negotiations to acquire HashiCorp, a prominent cloud software provider. The news sparked a 24% surge in HashiCorp's stock, pushing its market value to $6.1 billion.
The Federal Trade Commission (FTC) has taken legal action to block Tapestry's $8.5 billion acquisition of Capri Holdings Limited, the parent company of Michael Kors.
Biden's $7B grants are set to create 200,000 jobs and save households $400 yearly on energy costs.
The dystopian thriller, directed by Alex Garland and starring Kirsten Dunst, brought in $11.1 million in ticket sales across 3,929 theaters in its second week.
