The United Auto Workers (UAW) union is demanding a hefty pay raise and other changes from the Big Three US automakers: General Motors Co. (GM),...
Kenvue: A New Consumer Health Giant Emerges from J&J Spinoff
Johnson & Johnson (J&J), one of the world’s largest and most diversified healthcare companies, has completed the spinoff of its consumer health unit, Kenvue, in...
Investors React to US July CPI Release on Reddit
The US Bureau of Labor Statistics released the Consumer Price Index (CPI) data for July 2023 on August 10, 2023, at 8:30 am ET. The...
Amazon expands its primary care service One Medical in the US
Amazon, the online retail giant, is opening new locations of One Medical, the subscription-based primary care provider that it acquired earlier this year. The move...
Why Citi Analyst Says Li Auto Is a Buy and XPeng Is a Sell
The Chinese electric vehicle (EV) market is one of the largest and most competitive in the world, with dozens of players vying for a share...
WeWork shares plummet after bankruptcy warning
WeWork, the once high-flying startup that provides shared office spaces, has issued a warning about its ability to continue as a going concern due to...
Italy’s Prime Minister Faces Market Backlash over Windfall Tax Plan
Italy’s Prime Minister Giorgia Meloni faced a strong market backlash on Wednesday, after she announced a plan to impose a windfall tax on banks and...
Money Market Sweep Accounts: What Are They and How Do They Work?
Money market sweep accounts are a type of bank or brokerage account that automatically transfers excess cash into a higher interest-earning investment option, usually a...
Stocks Surge as China Loosens Travel Curbs: Markets Wrap
Stocks around the world rallied on Friday, as China announced that it would ease some of its travel restrictions amid a decline in Covid-19 cases....
Tapestry to Acquire Capri Holdings, Creating a U.S. Luxury Giant
Tapestry, the parent company of Coach, Kate Spade, and Stuart Weitzman, is close to finalizing a deal to acquire Capri Holdings, the owner of Michael...
Amyris Files for Bankruptcy, Plans to Sell Consumer Brands
Amyris, a biotech company that produces sustainable ingredients for various industries, has filed for Chapter 11 bankruptcy protection in the U.S. on Wednesday. The company...
How the 2025 Cadillac Escalade IQ Challenges the Tesla Model X and the Mercedes EQS SUV
The 2025 Cadillac Escalade IQ is the electric version of the iconic luxury SUV, and it aims to compete with the Tesla Model X and...
Natural Gas Breaks Out to New Highs as Bullish Trend Continues
Natural gas prices soared to new highs on Tuesday, reaching the highest level since May 22, as the bullish trend continued to dominate the market....
China’s Deflation and US Inflation: How They Affect Asian Markets
Asian markets fell on Thursday, as investors were worried about China’s deflation and the upcoming US inflation report. China’s consumer prices dropped for the first...
Yellow’s Bankruptcy Plan: How It Plans to Repay Its Loans
Yellow Corp., the trucking company that received a $700 million loan from the U.S. government during the pandemic, filed for Chapter 11 bankruptcy protection on...
Proterra’s Bankruptcy and Nasdaq Delisting: What Went Wrong for the EV Bus Maker
Proterra, a company that makes electric buses and batteries, filed for Chapter 11 bankruptcy protection on Monday, August 7, 2023, after failing to repay its...