After months of negotiations and targeted strikes, the United Auto Workers (UAW) union has announced that Chrysler-parent Stellantis intends to invest $18.9 billion in the United States by April 2028. This significant investment includes $1.5 billion for the production of new midsize pickup trucks at an idled factory in Belvidere, Illinois. The ultimate completion of
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Amazon has announced the closure of its two brick-and-mortar apparel stores, located in Columbus, Ohio, and Glendale, California. The decision to shut down these physical retail locations comes almost a year and a half after the opening of the first store. Amazon spokesperson Kristen Kish confirmed the news, stating that the company will now focus
Qualcomm recently reported its fourth-quarter earnings, surpassing expectations for both sales and earnings despite significant year-over-year declines. The chipmaker’s stock rose over 3% in extended trading, indicating investor confidence in the company’s performance. Let’s delve into the details of Qualcomm’s financials and the factors influencing its success in the current quarter. In terms of earnings
Amidst an all-important holiday shopping season, Apple made an out-of-the-ordinary move by announcing new PC chips, MacBook Pro laptops, and a new iMac model at a night-time launch event on Monday. This strategic move aims to refresh Apple’s Mac lineup, which experienced a 7% decline in sales during the June quarter due to a global
Pinterest, the popular visual search and shopping platform, reported its third-quarter earnings on Monday, exceeding expectations and driving a 14% surge in its stock price during after-hours trading. The company’s revenue reached $763.2 million, surpassing the estimated $743.5 million, according to LSEG (formerly known as Refinitiv). Additionally, Pinterest’s adjusted earnings per share came in at
In a tragic turn of events, beloved actor Matthew Perry passed away on Saturday at the age of 54. The star was found dead at his Pacific Palisades home, with an apparent cause of death being a drowning incident. The news sent shockwaves through Hollywood and left fans around the world mourning the loss of
After approximately six weeks of targeted labor strikes by the United Auto Workers union, negotiators from the union and Stellantis have reached a tentative deal. Sources that were briefed on the talks indicate that the terms of the agreement have been established, pending approval by UAW leadership. Once the deal is approved by the union,
Google has announced its agreement to invest up to $2 billion in Anthropic, an artificial intelligence startup founded by former executives of OpenAI. This investment includes an upfront cash infusion of $500 million and an additional $1.5 billion to be invested over time. Anthropic, the developer of Claude 2, a chatbot rivaling OpenAI’s ChatGPT, has
The tranquil city of Lewiston, Maine, has been shattered by a devastating mass shooting that has left at least 22 people dead and 50-60 injured. This horrifying event unfolded on a seemingly ordinary evening, sending shockwaves through the entire community. The residents of Lewiston now face the daunting task of grappling with the aftermath, as
Eisai, a pharmaceutical company, announced promising initial results in a clinical trial for an injectable version of the Alzheimer’s drug Leqembi. This development brings hope for a more convenient option for administering this antibody treatment. Currently, the approved method for administering Leqembi is through intravenous infusion. However, Eisai and its partner Biogen seek approval for