Ford Motor’s recent decision to expand production of its large Super Duty trucks to a Canadian plant, previously earmarked for all-electric vehicle production, has raised eyebrows in the automotive industry. With an investment of around $3 billion, including a significant portion at Ford’s Oakville Assembly Complex in Ontario, Canada, the move signifies a shift in
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General Motors is set to unveil the latest upgrades to the iconic Cadillac Escalade V-Series for the 2025 model year. This flagship SUV from Cadillac will feature a range of enhancements and new features that aim to elevate the driving experience for luxury SUV enthusiasts. One of the most notable features of the 2025 Cadillac
Following the shocking attempted assassination of former President Donald Trump at a rally in Pennsylvania, the leaders of Wall Street’s most powerful firms have been vocal in condemning the violence. JPMorgan Chase CEO Jamie Dimon expressed deep sadness over the incident, emphasizing the need for unity against hate and violence that threaten democracy. Dimon’s message
Goldman Sachs recently announced that they have exceeded profit and revenue expectations, driven by exceptional fixed income results and lower loan loss provisions. In the second quarter, the company reported earnings of $8.62 per share, surpassing the $8.34 per share estimate, and revenue of $12.73 billion, beating the $12.46 billion estimate. This quarter’s profit soared
The U.S. Department of Labor recently announced a settlement with Dollar General, mandating the retailer to pay $12 million in penalties and enforce significant workplace safety improvements across its 19,000 stores nationwide. This settlement comes as a response to more than $21 million in fines from the Federal Occupational Safety and Health Administration (OSHA) since
In the wake of the collapse of fintech intermediary Synapse, which left thousands of Americans stranded without access to their savings, there seems to be a glimmer of hope on the horizon. Banks involved in the debacle have reportedly made significant progress in piecing together account information for the affected customers. This progress could potentially
The Federal Trade Commission is preparing to take legal action against three major U.S. health companies for their role as intermediaries who negotiate prices for essential medications like insulin. These companies, UnitedHealth Group’s Optum Rx, CVS Health’s Caremark, and Cigna’s Express Scripts, are being accused of artificially inflating costs for patients. The suits will focus
Athletic Brewing Company made headlines with the recent announcement of raising an additional $50 million in equity financing. The round was led by General Atlantic, a significant player in the investment world. The company’s CEO, Bill Shufelt, stated that General Atlantic is expected to make even larger investments in the future. This latest funding is
Paramount Global has officially agreed to merge with Skydance, marking a significant milestone in the entertainment industry. This decision comes after a complex negotiation process involving various parties and multiple setbacks along the way. The merger will result in the Redstone family relinquishing control of Paramount, a renowned movie studio and media company with a
With the rapid advancement of technology and the continuous growth of the semiconductor industry, there is a pressing need for skilled workers to fill a wide range of positions. The competition for talent has intensified, and the industry is projected to face a shortage of as much as one million workers in the broader U.S.