Automaker Stellantis is making a bold statement in the automotive industry by vowing to sell electrified vehicles, including hybrids and all-electric models, at a profit. This strategy sets them apart from other companies who have sold EVs at a loss for various reasons. CEO Carlos Tavares spoke in a roundtable discussion, emphasizing the importance of
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The companies behind the chips powering artificial intelligence, AMD (Advanced Micro Devices) and Nvidia, experienced record-breaking highs in stock prices on Thursday. Investors are displaying an unprecedented clamor for shares in these businesses. This surge in interest has been driven by the exponential growth of the artificial intelligence industry and its increasing demand for GPUs
The labor market is experiencing a subtle shift, with opportunities emerging for a new breed of workers known as “new-collar” workers. These are individuals who possess highly skilled talents but do not necessarily hold a college degree. Coined by Ginni Rometty, the former CEO of IBM, the term “new-collar jobs” refers to positions that demand
Elon Musk, the well-known CEO of Tesla and SpaceX, is no stranger to ambitious endeavors. However, his recent desire to have 25% voting control over his electric vehicle business has raised eyebrows and sparked heated discussions. With Musk already owning approximately 13% of Tesla’s shares, the question arises: is this a power move or a
Microsoft is making a strategic move to expand access to its Copilot virtual assistant, a generative artificial intelligence technology developed by OpenAI. The company announced that small businesses can now subscribe to Copilot through its productivity apps, while consumers who pay for Microsoft 365 software can sign up for a new paid version of Copilot.
The recent hospitalization of Defense Secretary Lloyd Austin has raised concerns about transparency and leadership within the Pentagon. According to national security spokesperson John Kirby, Austin is still hospitalized following doctors’ advice but remains “actively involved and engaged” in his role. Kirby revealed that Austin participated in discussions regarding strikes on Iran-allied Houthi militants in
House and Senate leaders have recently reached an agreement on a short-term spending deal that would prevent a government shutdown in the upcoming weeks. The deal aims to keep the government funded until March, allowing legislators more time to create long-term, agency-specific spending bills. This development follows the previously established spending level for fiscal year
After the recent incident where a door plug blew off an Alaska Airlines 737 Max 9, the Federal Aviation Administration (FAA) has decided to conduct an audit of Boeing’s production line. This move comes in the wake of grounding more than 170 Boeing 737 Max 9s, the majority of the global fleet, to evaluate Boeing’s
Tesla, the renowned electric vehicle manufacturer, has recently announced “market adjustment” pay increases for its factory workers across the United States. According to reports, notices were posted at the company’s vehicle assembly plant in Fremont, California, notifying employees of the pay rate modifications. It has been confirmed by an anonymous employee in Fremont that the
The surge of technology conglomerates acquiring smaller companies has become increasingly common in recent years. One such acquisition that has attracted significant attention is Amazon’s planned $1.7 billion purchase of iRobot, the makers of the Roomba robotic vacuum cleaner. However, concerns over antitrust issues in the European Union (EU) have led to a decline in