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Meta to lay off about 200 workers in San Francisco Bay Area in May

Tech giant Meta is planning to move forward with laying off about 200 employees in…

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Saks Global secures $500M deal and eyes Chapter 11 exit this summer

The parent company of luxury retailer Saks announced Thursday that it entered into a restructuring…

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US releases 10M barrels from SPR as oil prices top $112 per barrel

As the conflict in Iran intensifies with no immediate end in sight, the U.S. Department…

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Strong demand for Silverado, Sierra drives GM to expand Flint production

General Motors is planning to ramp up production of heavy-duty pickup trucks in Michigan this…

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Mercedes-Benz to invest $4 billion at Alabama plant amid Trump auto tariffs

German automaker Mercedes-Benz said on Tuesday it will invest $4 billion at its Alabama plant…

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Wells Fargo CEO Charlie Scharf says economy still strong despite oil spike

Despite a 50% spike in oil prices and an escalating conflict involving Iran, Wells Fargo…

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Banking giant HSBC considers job reductions due to AI, report suggests

Global banking giant HSBC Holdings Plc is considering significant job reductions in the years ahead,…

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Rivian and Uber announce $1.25B robotaxi partnership across 25 cities

Rivian and Uber on Thursday announced a partnership worth up to $1.25 billion to accelerate the…

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Kohl’s CEO says company will focus on optimizing its existing store base

The CEO of Kohl's signaled that the company isn't planning on closing additional stores this year…

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SeatGeek faces criticism after posting $175K job with sex change perk

Popular ticket-selling platform SeatGeek is facing backlash after a job posting offering up to $175,000…

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