The US auto industry is facing a tough challenge from China. Jim Farley, the CEO of Ford, has been vocal about this. He thinks the situation is similar to what happened with Japan in the 1980s, but much more intense. China's car factories could easily take over the North American market. This is a
Elon Musk, the CEO of Tesla, is up for a massive pay package that could be worth a trillion dollars. This is not a typo. A trillion. That's a lot of zeros. Tesla's board is really pushing for shareholders to approve this deal. They even warned that Musk might leave if they don't. But not everyone is
Alphabet, the tech giant behind Google, just shared its latest financial results. The company made $102. 35 billion in the last quarter. That's more than what experts thought it would make. This is big news, especially because the company is investing a lot in AI and cloud services. The cloud servi
Samsung's chip-making division just had a massive profit jump. They made 80% more than expected. This huge increase shows that the global AI craze is giving their business a big lift. The company plans to focus on making a new type of memory chip next year. It's called HBM4, and it's made to work w
A major change is happening in the field of medical research. Thermo Fisher Scientific Inc. has decided to buy Clario Holdings Inc. for a huge sum of $8. 875 billion in cash. This deal is expected to shake up the industry and bring together two big players in science and software. Clario is known f
In the logistics world, waiting for payments is a thing of the past. A new tool called Truly Instant Funding is changing the game. This isn't just another financial service. It's a fast track to getting paid for truckers and freight businesses. After uploading an invoice, money can be in their hands
A German company, ElringKlinger, is putting down deeper roots in Easley, South Carolina. They're investing $68. 5 million to grow their plant there. This move will bring 294 new jobs to the area. The company is known for making parts for electric cars and other high-tech automotive stuff. ElringKli
Adidas is in a bit of a tight spot. Their sales in North America took a hit, dropping by 5% in the third quarter. This isn't great news, but it's not all doom and gloom. The company's global sales actually grew by 3%, reaching a record 6. 63 billion euros. This growth is impressive, but it's not eno
General Motors is making big changes to its electric vehicle (EV) plans. The company is cutting about 5, 500 jobs, with 1, 750 people being laid off indefinitely. This is part of a larger strategy to adjust to slower EV sales and new rules. One of the main changes is at the Factory Zero plant in De
The U. S. government shutdown is taking a heavy toll on the economy. The Congressional Budget Office (CBO) has revealed that the shutdown is costing the country around $7 billion each month. This loss won't be recovered even after the government resumes operations. The CBO shared these findings in
