Business

General Motors’ Cruise has recently faced a series of setbacks, including layoffs and safety concerns, which have put the future of the robotaxi startup in question. This article will analyze the current state of Cruise and its implications for the company’s future prospects. Cruise announced internally that it will lay off 900 employees, constituting 24%

Etsy, the renowned e-commerce platform known for its handmade items and connections with local artisans, is facing significant challenges as it navigates a “very challenging” macro and competitive environment. In response to these difficulties, the company has made the difficult decision to lay off approximately 11% of its workforce, amounting to around 225 employees, during

Creators and fans of Netflix can rejoice as the streaming giant finally opens up about its viewership statistics. In a bold move, Netflix released its first “What We Watched” report, providing insights into the popularity of its shows and movies over the past six months. This groundbreaking transparency marks a significant shift for the company,

In a surprising move, Ford Motor has announced plans to cut production of its highly anticipated all-electric F-150 Lightning pickup truck by nearly half in 2023. This decision comes as a major reversal for the automaker, which had previously increased plant capacity for the electric vehicle. Instead of the initially planned average volume of around

McDonald’s, the global fast-food giant, recently held its investor day where executives highlighted the company’s strength and outlined its long-term goals. However, despite the positive portrayal, McDonald’s faces several potential roadblocks as it looks ahead to 2024. While the event did include some new targets, the reaction from Wall Street has been relatively subdued, with

Starbucks recently announced its intentions to resume contract negotiations with the union representing its baristas, commencing in January. This development follows the two-year anniversary of the first unionization of company-owned Starbucks cafes in the United States. Although more than 360 locations have voted to unionize, accounting for approximately 4% of the company’s total U.S. footprint,

Dollar General, once a thriving retail giant, has been facing a tumultuous period with safety violations, public relations challenges, and a decline in sales. However, during an earnings call, CEO Todd Vasos reassured investors of the company’s commitment to turning these issues around. In this article, we will delve into Dollar General’s plans for improving

The CEOs of Wall Street’s leading banks recently expressed their concerns over proposed regulations aimed at increasing capital requirements. During a Senate oversight hearing, the CEOs warned about the potential negative consequences of these changes, claiming it would have detrimental effects on the economy, markets, businesses of all sizes, and American households. The implementation of

Wells Fargo, one of the largest banks in the United States, is now facing an unexpected financial burden. CEO Charlie Scharf revealed during a recent Goldman Sachs conference that the bank is likely to incur a severance expense of up to $1 billion in the fourth quarter. This expense, previously unanticipated, is a result of

Alaska Air Group has recently announced the acquisition of Hawaiian Airlines in a deal worth $1.9 billion. This move sets the stage for another potential regulatory battle in the airline industry, marking the second proposed merger in less than two years. The deal includes Alaska paying $18 per share for Hawaiian and taking on $900