Elon Musk has been placed in charge of federal cost-cutting initiatives, even as his businesses have reportedly received $38 billion in government funds. This situation highlights the complex […]
Uncategorized
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Lilly to Spend $27 Billion to Bolster US Drug Manufacturing
Eli Lilly & Co. has announced a plan to invest at least $27 billion in building four manufacturing plants in the United States. This move comes as companies […]
Markets
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GM to increase dividend 25%, buy back another $6 billion of shares
General Motors’ shares surged about 6% in morning trading after announcing a 25% dividend increase and a new $6 billion share buyback program. The U.S. automaker plans to […]
Economy
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After abrupt departure of Lucid CEO, here are the EV maker’s top priorities
Shares of electric vehicle maker Lucid Group fell over 10% on Wednesday following a stock downgrade by Bank of America and the unexpected exit of CEO Peter Rawlinson. […]
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Egg prices could jump another 41% this year, USDA says, as Trump’s bird flu plan unveiled
The U.S. Department of Agriculture (USDA) forecasts that egg prices could rise by over 40% in 2025, as the Trump administration reveals its strategy to combat bird flu […]
Technology
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Nvidia earnings live updates: Wall Street watching chip demand and guidance around DeepSeek
Nvidia is set to release its fourth-quarter earnings after the closing bell on Wednesday. Shares of the semiconductor company were down 6% year-to-date through Tuesday, trailing the S&P […]
Markets
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Crypto sleuths join hunt for $1.5bn stolen in biggest ever heist
ByBit, a cryptocurrency trading platform, is enlisting the help of online bounty hunters to recover funds stolen in what is believed to be the largest crypto heist in […]
Economy
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Elon Musk’s business empire is built on $38 billion in government funding
Elon Musk, one of the world’s most prominent entrepreneurs, has built his business empire with significant assistance from government funding, amounting to at least $38 billion over the […]
Technology
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Slack Down: Thousands Report Issues With Messaging Platform
Workplace messaging platform Slack faced outages on Wednesday morning, with over 3,000 users reporting issues on DownDetector. According to Slack’s tech dashboard, users encountered problems with logging in, […]
Economy
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GM raises quarterly dividend, initiates $6 billion stock buyback
DETROIT – General Motors (GM) has announced a 25% increase in its quarterly dividend, raising it to 15 cents per share, aligning with its rival Ford Motor. This […]