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Categories Business

GM to invest $625 million in joint venture to mine EV battery raw materials in U.S.

Author October 17, 2024

DETROIT — General Motors has agreed to establish a joint venture with Lithium Americas Corp. that includes the automaker supplying $625 million in cash and credit

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Categories Business

Boeing to raise as much as $25 billion to shore up balance sheet

Author October 16, 2024

Boeing said Tuesday that it could raise as much as $25 billion in shares or debt over three years, a move to increase

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Categories Business

Walgreens to close 1,200 stores over the next three years

Author October 15, 2024

Walgreens said Tuesday it plans to close 1,200 stores over the next three years as it seeks to further downsize its footprint

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Categories Business

Protesters stage sit-in outside New York Stock Exchange to spotlight Gaza attacks

Author October 15, 2024

A group of protesters staged a sit-in outside the New York Stock Exchange on Monday morning amid continued Israeli attacks in Gaza. Approximately

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Categories Business

Boeing factory strike crosses 1-month mark as pressure mounts on new CEO

Author October 15, 2024

It’s been just over a month since more than 30,000 Boeing machinists walked off the job after overwhelmingly voting down a tentative contract. Costs and tensions have

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Categories Business

Why Honeywell CEO Vimal Kapur doesn’t think the AI payoff will come from productivity

Author October 14, 2024

As CEO of one of the world’s largest industrial conglomerates, Honeywell’s Vimal Kapur doesn’t think about AI like most individuals. It’s not about the

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Categories Business

Boeing to cut 17,000 jobs as losses deepen during factory strike

Author October 14, 2024

Boeing will cut 10% of its workforce, or about 17,000 people, as the company’s losses mount and a machinist strike that has idled its aircraft

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Categories Business

AMD launches AI chip to rival Nvidia’s Blackwell

Author October 10, 2024

AMD launched a new artificial-intelligence chip on Thursday that is taking direct aim at Nvidia’s data center graphics processors, known as GPUs. The Instinct

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Categories Business

TD Bank pleads guilty in money laundering case, will pay $3 billion in penalties

Author October 10, 2024

TD Bank pleaded guilty Thursday to multiple criminal charges and agreed to pay a whopping $3 billion in fines and other penalties to

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Categories Business

DOJ and FTC warn consumers of fraud and price gouging risks ahead of Hurricane Milton

Author October 10, 2024

As Hurricane Milton approached landfall in western Florida on Wednesday, the Biden administration warned consumers and businesses of the heightened risk of potential fraud,

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