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Lilly plans to more than double U.S. manufacturing investment since 2020 exceeding $50 billion
Economy

Lilly plans to more than double U.S. manufacturing investment since 2020 exceeding $50 billion

Posted on: February 27, 2025

Eli Lilly and Company (NYSE: LLY) has announced plans to significantly expand its domestic pharmaceutical manufacturing capabilities by investing over $50 billion since 2020, marking the largest such […]

Tesla Feels the Wrath of Anti-Elon Musk Backlash
Economy

Tesla Feels the Wrath of Anti-Elon Musk Backlash

Posted on: February 26, 2025

Tesla Inc. is facing a significant backlash in some of the world’s largest electric vehicle (EV) markets, with sales plummeting and its stores becoming targets for protests and […]

Trump Takes Aim at Chinese Shipping Amid Widening Trade War
Economy

Trump Takes Aim at Chinese Shipping Amid Widening Trade War

Posted on: February 26, 2025

The Trump administration has introduced a significant new measure in its ongoing global trade conflict, proposing levies of up to $1.5 million on Chinese-made ships arriving at U.S. […]

Economy

Apple shareholders reject proposed ban on DEI programs

Posted on: February 26, 2025

Apple investors rejected a proposal calling for the company to cease its diversity, equity, and inclusion (DEI) efforts during the annual shareholders meeting. This decision aligns with Apple’s […]

GM raises quarterly dividend, initiates $6 billion stock buyback
Economy

GM raises quarterly dividend, initiates $6 billion stock buyback

Posted on: February 26, 2025

DETROIT – General Motors has announced a 25% increase in its quarterly dividend to 15 cents per share, aligning it with rival Ford Motor. Additionally, the company is […]

Europe launches plan to bolster clean tech sector, aid ailing industries
Economy

Europe launches plan to bolster clean tech sector, aid ailing industries

Posted on: February 26, 2025

BRUSSELS, Feb 26 (Reuters) – The European Commission proposed making 100 billion euros ($104.97 billion) available to support EU-made clean manufacturing, streamline public procurement processes, and simplify state […]

India: A billion people have no real money to spend, says report
Economy

India: A billion people have no real money to spend, says report

Posted on: February 26, 2025

A new report suggests that a billion people in India lack sufficient income to spend on discretionary goods or services. According to Blume Ventures, India’s consuming class, which […]

Dockworkers Approve New Labor Contract, Ending Strike Threat
Economy

Dockworkers Approve New Labor Contract, Ending Strike Threat

Posted on: February 26, 2025

Dockworkers on the East and Gulf Coasts have voted to accept a new labor contract, bringing an end to labor disputes that had threatened to disrupt U.S. trade. […]

US Consumer Confidence Dropped Sharply in February
Economy

US Consumer Confidence Dropped Sharply in February

Posted on: February 26, 2025

Consumer confidence in the U.S. experienced a significant decline in February, marking the largest monthly drop since August 2021. The Conference Board Consumer Confidence Index® fell by 7.0 […]

Crisis-stricken Stellantis sees revenue growth in 2025 after 70% drop in full-year profit
Economy

Crisis-stricken Stellantis sees revenue growth in 2025 after 70% drop in full-year profit

Posted on: February 26, 2025

Stellantis, the multinational automotive conglomerate that owns brands such as Jeep, Dodge, Fiat, Chrysler, and Peugeot, has announced expectations of a return to revenue growth in 2025 following […]

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