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
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
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. […]
Apple shareholders reject proposed ban on DEI programs
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
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
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
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
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
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
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 […]