Volkswagen Temporarily Halts ID.4 Production, Furloughs 200 Employees Due to Electric Vehicle Door Problem
admin Volkswagen Group of America announced on Tuesday that it will temporarily halt production of the ID.4 electric vehicle…
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Amazon Announces October Prime Day Dates, Introduces ‘Big Deal Days’
Amazon has announced that its annual Prime Day sale will take place on October 17 and 18, 2024.…
Typhoon Closes Shanghai, Ningbo Ports: Disruption to Cargo and Vessels
Typhoon Chanthu made landfall near Shanghai on August 12, leading to the closure of the ports in Shanghai…
Fed Signals Possible Rate Cut as Inflation Slows
The Federal Reserve signaled Wednesday that it could cut interest rates for the first time since 2015 as…
Nike Names Elliott as New CEO, Succeeding Donahoe on Oct. 14
Nike Inc. announced that its President and Chief Operating Officer, John Donahoe, will step down as CEO on…
EU to unveil plan for carbon border tax
The European Commission is set to propose a carbon border tax on imports from countries with lax emissions…
Live updates: Stocks open lower as investors weigh earnings, economic data
U.S. stocks opened lower on Monday as investors digested a mixed bag of earnings reports and economic data.…
S&P 500 Reaches All-Time High on Fed Rate Cut Euphoria
The S&P 500 index surged to a record high close on Friday, September 19, 2024, following the Federal…
Nike Names Elliott Harris New CEO, Replacing John Donahoe
Nike Inc. appointed Elliott Harris as its new CEO, effective January 16, 2025. Harris, currently Nike’s chief financial…
Dow Hits 42,000 for First Time, Fueled by Fed
The Dow Jones Industrial Average surpassed 42,000 points for the first time on Tuesday, driven by the Federal…