Business

GM Takes $1.6B Charge as EV Plans Hit Policy Roadblock

Federal tax credit cut triggers EV strategy overhaul General Motors (GM) announced it will take a $1.6 billion charge in the third quarter as it...

Jefferies faces $44M risk in First Brands collapse

Receivables tied to First Brands under scrutiny Jefferies Financial Group is confronting potential losses of $44.6 million following the collapse of auto parts supplier First...

J&J Ordered to Pay $966M in Baby Powder Cancer Case

Massive verdict links talc products to deadly cancer Johnson & Johnson has been ordered to pay $966 million to the family of Mae Moore, a...

Union Pacific CEO Sees Resilient U.S. Economy

Consumer activity remains strong despite slowdowns Union Pacific CEO Jim Vena expressed confidence in the strength of the U.S. economy, despite acknowledging some signs of...

Spotify CEO Daniel Ek to Step Down Amid Growing Backlash

Leadership reshuffle marks a new era for Spotify Daniel Ek, the co-founder and longtime CEO of Spotify, announced he will step down from his position...

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