Reported 27 days ago
Hundreds of workers in Canada's steel and aluminum sectors have been laid off following U.S. tariffs imposed by President Trump. The United Steelworkers union reported approximately 200 job losses, with more expected as tariffs continue to impact the economy. Companies like Canada Metal Processing Group and Algoma Steel have announced workforce reductions, leading to uncertainty for employees and their families. The Canadian government is looking into measures to support affected workers amidst these challenging conditions.
Source: YAHOO
Reported 27 days ago
Elon Musk is back in the spotlight, speaking to investors about his long-term vision for Tesla, which now appears to be gaining momentum as the stock rises 25% following a recent company meeting. Despite ongoing challenges and criticism surrounding his political actions and the impact on Tesla's brand, there’s renewed interest from retail investors in the company's potential future profits, particularly from its robotaxi ambitions, suggesting a strong belief in Musk's ability to innovate.
Source: YAHOO
Reported 27 days ago
Source: YAHOO
Reported 27 days ago
Kroger has filed a formal response and counterclaims against Albertsons in a lawsuit related to their abandoned $25 billion merger, which fell apart in December 2024 due to legal challenges. Albertsons alleges Kroger breached their agreement, while Kroger contends that Albertsons undermined the merger by secretly collaborating with a third party on regulatory issues. Both companies are now embroiled in a legal dispute over the fallout from the terminated deal.
Source: YAHOO
Reported 27 days ago
Tesla is facing a significant reputation crisis as its stock falls and protests against CEO Elon Musk's political ties grow. Crisis management expert Eric Dezenhall discusses the challenges Tesla faces in rebuilding its brand, suggesting that Musk's political involvement may alienate customers. He emphasizes that Tesla's image as a unique eco-friendly product is diminished amid rising competition in the electric vehicle market, and advises focusing on core business rather than politics to mend public perception.
Source: YAHOO
Reported 27 days ago
United Airlines has commenced construction on a new 140,000ft² Ground Service Equipment (GSE) Maintenance Facility at George Bush Intercontinental Airport in Texas, with an investment of $177 million. The facility, expected to open in 2027, aims to enhance support for over 1,800 ground service vehicles and achieve LEED Silver certification. Additionally, a new Technical Operations Training Center is being established to improve aircraft integration and workforce training, part of United's broader strategy to advance operational efficiency and sustainability.
Source: YAHOO
Reported 27 days ago
Venture Global, a US liquefied natural gas developer, has applied for approval from the Federal Energy Regulatory Commission (FERC) to initiate operations at its Calcasieu Pass LNG export facility and the associated TransCameron pipeline. The company claims significant advancements have been made, enabling them to begin production, and anticipates starting commercial activities by mid-April 2025, despite ongoing disputes with long-term customers over contract fulfillment.
Source: YAHOO
Reported 27 days ago
A German international trade lobby has cautioned against boycotting U.S. products due to escalating tensions with President Trump's administration, arguing that such actions would worsen an already complex situation. The BGA, representing importers and exporters, emphasized the need for dialogue over retaliatory measures, as calls to replace U.S. products with local alternatives gain traction amid deteriorating trade relations.
Source: YAHOO
Reported 27 days ago
Chinese automaker Leapmotor intends to introduce its smart-driving vehicles in Europe in 2026, marking a significant move for a Chinese manufacturer in the advanced driving-assistance sector. The company is setting up a development team in Europe to adapt its technology to local road conditions and regulations. Leapmotor aims to enhance its B10 crossover with urban navigation features by the end of this year while collaborating with Stellantis for production in Spain.
Source: YAHOO
Reported 27 days ago
In February 2025, Thailand's new vehicle market witnessed a 7% decline in sales, dropping to 49,313 units, continuing the trend from January's 12% decrease. Factors contributing to this downturn include stricter lending criteria from banks and a significant auto loan rejection rate of 70%. Despite ongoing economic growth, vehicle sales have decreased by 10% in the first two months compared to the same period in 2024. To support the struggling vehicle market, the Thai government plans to introduce a THB5 billion loan guarantee program for small businesses purchasing pickup trucks.
Source: YAHOO
Reported 27 days ago
French IT group Atos has secured a five-year contract valued at £150 million ($193.5 million) with the UK's Department for Environment, Food and Rural Affairs. The deal aims to consolidate the department's 34,000 users into a single service desk. Despite facing market challenges, Atos has reported improved order intake following a successful financial restructuring last year.
Source: YAHOO
Reported 27 days ago
SoundHound AI's stock took a hit after Nvidia sold its stake in the company and announced a collaboration with Yum! Brands for voice AI in restaurants. This places Nvidia in a position to compete directly with SoundHound, which is struggling with its growth prospects and financial losses. With Nvidia's resources and market reach, it could dominate the voice AI sector, raising concerns for SoundHound investors as the company's stock continues to decline.
Source: YAHOO
Reported 27 days ago
Private equity firm Ardian has reached an agreement to acquire Akuo, a French renewable energy company specializing in wind power, photovoltaics, and energy storage, with plans to enhance its growth and development. Akuo, currently operating with a capacity of 1.9GW, aims to expand to 5GW by 2030. The acquisition reflects Ardian's commitment to supporting renewable energy platforms and their contributions to decarbonization and energy independence in Europe and the Americas.
Source: YAHOO
Reported 27 days ago
Dollar Tree is preparing to sell its Family Dollar business to a group of private equity investors for approximately $1 billion, as reported by the Wall Street Journal. The sale is expected to be finalized soon as Dollar Tree restructures amid increasing competition from major retailers and e-commerce. The deal follows Dollar Tree's earlier exploration of options for Family Dollar, which it acquired in 2015 for around $9 billion.
Source: YAHOO
Reported 27 days ago
Nissan's incoming CEO Ivan Espinosa announced plans to significantly reduce the automaker's vehicle development time from 55 months to 37 months for the first model in a family and 30 months for subsequent models. This move aims to enhance competitiveness as Nissan faces declining sales and market challenges. Espinosa, who takes over on April 1, is focused on aligning vehicle offerings with customer preferences and addressing gaps in the market while the company undergoes restructuring.
Source: YAHOO
Reported 27 days ago
As the stock market faces a sell-off, the Vanguard Growth ETF (VUG) presents an attractive investment option. Despite being down 11% from its recent high, the ETF has outperformed the S&P 500 historically, particularly due to its heavy investments in leading technology and AI companies such as Apple, Microsoft, and Nvidia. With a current price under $400, it could be an excellent long-term addition, especially as those companies bolster AI-focused growth amid significant investments in data infrastructure.
Source: YAHOO
Reported 27 days ago
Nissan's incoming CEO, Ivan Espinosa, is committed to accelerating decision-making processes to revitalize the struggling automaker. Emphasizing the need to work collaboratively, he aims to develop new car models faster, with timelines of 30 to 37 months for market readiness. Espinosa, replacing Makoto Uchida due to recent financial losses, highlights the importance of partnerships and innovation, including electric and hybrid vehicles, while being seen as a 'car guy' passionate about the automotive industry's future.
Source: YAHOO
Reported 27 days ago
The US stock market is experiencing dwindling liquidity due to growing concerns over the global trade war, complicating trading for institutional investors and increasing market volatility. Measures indicate that liquidity in S&P 500 futures is at a two-year low, making it difficult for traders to buy or sell assets without impacting prices. As tariff-related fears exacerbate stock fluctuations, traders are becoming more cautious, often waiting for better conditions to execute orders.
Source: YAHOO
Reported 27 days ago
UK inflation rates cooled unexpectedly to 2.8% in February, down from 3% in January, potentially paving the way for the Bank of England to cut interest rates in May. This development provides a morale boost for Chancellor Rachel Reeves ahead of her upcoming economic statement, where she is expected to announce significant spending cuts to stabilize public finances. While the drop in inflation is welcomed, it may be short-lived, as underlying price pressures could soon rise again.
Source: YAHOO
Reported 27 days ago
Panera Brands has appointed Paul Carbone as its new CEO, effective immediately, after he served as interim CEO since January 2025. Carbone, who joined the company as CFO in 2023, aims to lead Panera in returning to its position as a fast-casual industry leader. With extensive experience in the food service sector, he emphasizes the importance of building strong teams and enhancing guest experiences as part of a strategic growth plan.
Source: YAHOO
Reported 27 days ago
Source: WSJ
Reported 27 days ago
Britain's Treasury chief, Rachel Reeves, is set to present a spring statement that outlines further welfare cuts while also announcing a significant increase in defense spending of £2.2 billion. The announcement comes amid disappointing economic growth and a bleak revenue forecast from the Office for Budget Responsibility. Critics blame Reeves for the economic downturn since the return of the Labour government, while recent data shows a slight easing in inflation, which could influence future interest rate decisions.
Source: YAHOO
Reported 27 days ago
According to New York State Comptroller Thomas DiNapoli, Wall Street bonuses surged by 31.5% to an average of $244,700 last year, driven by a rebound in dealmaking, reaching a record total of $47.5 billion. However, rising economic uncertainty and federal policy changes may cast a shadow on future bonuses. Despite this, the robust financial market bolsters New York's economy, as one in every 11 jobs in the city is linked to the securities industry.
Source: YAHOO