In a significant restructuring move, General Motors (GM) has decided to dramatically scale back its workforce at Cruise, laying off around half of its remaining employees in the now-defunct robotaxi business. This announcement, which follows GM’s decision not to continue funding Cruise after an investment surpassing $10 billion since its acquisition in 2016, underscores a
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The entertainment industry is often viewed as a glimmering realm, untouched by the turbulent tides of politics and trade. However, the recent announcement of tariffs by President Donald Trump has cast a shadow over one of Hollywood’s most steadfast allies: Canada. Often referred to as “Hollywood North,” Canada has been a vital hub for American
In a historic move that underscores its commitment to the future of electric vehicles (EVs), Honda Motor Co. is investing over $1 billion in its Ohio facilities to establish a cutting-edge manufacturing hub. This considerable financial injection, initially announced at $700 million, is emblematic of a significant shift in Honda’s production strategy, which has traditionally
In a significant response to a catastrophic collision between an Army Black Hawk helicopter and an American Airlines jetliner at Ronald Reagan Washington National Airport, the Federal Aviation Administration (FAA) has implemented new restrictions on helicopter operations in the vicinity. The tragic accident, which resulted in the loss of all 67 lives on board the
As President Donald Trump prepares to impose a potential 25% tariff on imports from Canada and Mexico, the automotive industry stands on the precipice of significant upheaval. The threat is not merely an economic inconvenience; it introduces a level of uncertainty that has already started to affect stock prices and erode investor confidence among automakers
The recent collision between an American Airlines regional jet and an Army Black Hawk helicopter has shaken the aviation community, marking the deadliest air accident in the U.S. in over two decades. Occurring just before 9 p.m. ET on a Wednesday evening, the tragic event claimed the lives of 64 individuals—60 passengers and four crew
On a fateful Wednesday evening, an air disaster unfolded in the skies over Washington D.C. as an American Airlines regional jet collided with a military helicopter shortly before landing at Ronald Reagan Washington National Airport. This catastrophic event, which involved 64 individuals on board the aircraft, marks one of the gravest aviation incidents in the
Planet, a leading satellite imagery and data analysis firm, made headlines with its announcement of a monumental $230 million contract signed with an undisclosed anchor customer. This agreement marks a significant milestone in Planet’s ambitions and represents an essential transition into the burgeoning satellite services market. The deal is not just a financial boon; it
In a disheartening trend for one of the world’s most recognizable coffee brands, Starbucks reported a continued decline in same-store sales, marking the fourth straight quarter of setbacks. While the financial bottom line, including quarterly earnings and revenue, surpassed market expectations, the underlying data reveals critical challenges that the company must address. Specifically, Starbucks’ same-store
In a strategic move aimed at streamlining operations and navigating financial pressures, JetBlue Airways has announced that it will offer voluntary early retirement packages to certain pilots. This decision, communicated to members by the Air Line Pilots Association (ALPA), is part of the airline’s broader effort to manage costs and boost revenue streams during a