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Business

General Motors Slashes Electric Van Production in Canada Amid Market Demand Shifts

General Motors reduces BrightDrop electric van production in Canada due to market demand, leading to job cuts and a temporary plant shutdown, while affirming commitment to EV produ...

Business

Billionaire John Malone Steps Down from WBD Board, Transitions to Chair Emeritus Role

Warner Bros. Discovery announces John Malone's transition from board member to chair emeritus, ensuring his continued strategic input, while nominating Anton Levy for board electio...

Business

Scania Powers Up: VW's Truckmaker Acquires Northvolt's Battery Systems to Electrify Heavy Industry

Volkswagen AG's Scania acquires Northvolt Systems Industrial unit, enhancing its electrification capabilities with new production facilities, research center, and 260 employees, de...

Business

Lucid Motors Accelerates Growth in Arizona with Major Expansion and 300+ New Jobs

Lucid Group, Inc. is set to expand its Arizona operations by acquiring Nikola Corporation's former facilities, adding over 884,000 square feet and creating 300+ jobs for former Nik...

Business

BlackRock Surges Ahead: Q1 Revenue Jumps 12% to $5.3 Billion Amid Market Challenges

BlackRock Inc. reports a 12% revenue increase to $5.3 billion in Q1 2025, despite a 4% drop in net income. CEO Larry Fink highlights the firm's strong client relationships and stra...

Business

JPMorgan Chase Reports Stellar Q1 Performance with 8% Revenue Surge to $46 Billion

JPMorgan Chase & Co. reports an 8% year-over-year revenue increase to $46 billion in Q1 fiscal 2025, with net income up 9% to $14.6 billion. CEO Jamie Dimon comments on economic ch...

Business

ByteDance Steps into the Future: Developing AI Smart Glasses to Rival Tech Giants

ByteDance, TikTok's parent company, is developing AI smart glasses, engaging with suppliers for features and pricing. Competing with Alibaba, this follows their AI earbuds launch, ...

Business

Karnataka High Court Orders Preservation of Emails in Byju’s Insolvency Case for Future Investigations

The Karnataka High Court has ordered the preservation of emails in the Byju’s insolvency case for the Corporate Insolvency Resolution Process or investigations, highlighting their ...