News
Samsung Concerned About Profits Due to Chip Plunge
Korean tech giant Samsung is worried that its profits could fall by 32% due to a decrease in demand for...
Adidas Seeks New CEO for Fresh Start
Adidas’s Kasper Rorsted, is set to step down in 2023 to “pave the way for a restart,”
General Electric to Lay Off 20% of its Wind Workforce
General Electric (GE) to lay off 20% of its onshore wind workforce in the U.S. and look into Europe and...
GM to Add Lyft and Tesla executive Jon McNeill to its Board
General Motors (GM) will be adding Jon McNeill to its board, bringing extensive executive experience with Lyft and Tesla to...
Peloton to Slash Jobs While Rolling Out New Hotel Partnership
Peloton announced it will be cutting 500 jobs, around 12% of its workforce, in a move to return to growth.
OPEC to Cut Oil Production Despite Pressure from the U.S. to Boost Output
OPEC+ announced this week that it will cut oil production by 2 million barrels a day, marking the biggest cut...
REI Bucks Retail Trend by Ditching Black Friday
U.S. sports giant REI will not be opening its doors for the Black Friday sale thanks to its ‘Opt-Outside’ scheme
Elon Musk to Take Over Twitter in Surprise Turnaround
In a surprise turnaround, tech billionaire Elon Musk will buy Twitter for $54.20 a share.
Micron Will Spend up to $100 billion to Build Computer Chip Facility in New York
Micron, an American producer of computer memory and computer data storage, is expected to spend up to $100 billion over...
16% Increase in Sales for Ford in Third Quarter
Ford Motor reported that its sales had increased by 16% compared with the previous year. However, it also noted a...
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