General Motors (GM) has made a pivotal decision to sell its stake in a $2.6 billion electric vehicle (EV) battery cell plant located in Lansing, Michigan. Partnering with LG Energy Solution, GM has informed stakeholders that it expects to recover an estimated $1 billion from this move. This transaction is framed within a nonbinding agreement
Business
The recent unveiling of Jaguar’s Type 00 concept car marks a pivotal moment for the storied British manufacturer, transitioning from its long-standing internal combustion engine offerings to an all-electric future. Emphasizing a design ethos that contrasts sharply with its current lineup, Jaguar appears to be making a significant statement about its intended direction. This move
In a surprising turn of events, Carlos Tavares, the CEO of Stellantis, has resigned, marking a significant shift in the leadership of one of the world’s largest automotive manufacturers. The announcement was made by the company on a Sunday, with immediate effect. This unexpected resignation is reportedly a result of “different views” between Tavares and
Nordstrom, a prominent name in the retail sector, showcased impressive performance in its latest earnings report, transcending Wall Street’s projections for quarterly sales. The Seattle-based retailer recorded a revenue growth of about 4% year-over-year during a three-month period ending on November 2, indicating robust consumer interest in various categories, including clothing, shoes, and activewear. The
The landscape of college football broadcasting is undergoing a seismic shift, particularly pertinent to media giants like Disney. With the implementation of a revised 12-team College Football Playoff format, the stakes have been escalated for fans and television networks alike. This monumental change, which kicks off a season that has begun to define future expectations
The holiday season is a critical period for retailers, offering a golden opportunity to attract consumers ready to loosen their purse strings for discretionary spending. However, as recent earnings reports reveal, not all retailers are benefiting equally from this spending spree. The divide between those who are thriving and those who are struggling has grown
The post-pandemic landscape of cinema has faced numerous challenges, but this Thanksgiving promises a thrilling resurgence for the domestic box office. The expected debut of Disney’s “Moana 2,” alongside the impressive offerings of Universal’s “Wicked” and Paramount’s “Gladiator II,” marks a potential turning point for the industry. As theater owners eagerly anticipate revenue boosts from
In a significant shift that has reverberated through the corporate landscape, Walmart, the largest employer in the United States, recently announced the termination of several diversity initiatives. This decision comes amid a larger trend where many corporations are reevaluating their commitments to diversity, equity, and inclusion (DEI). As a response to conservative pushback and societal
The landscape of sports marketing is evolving, with brands increasingly recognizing the power and potential of women’s athletics. State Farm, an insurance leader known for its extensive advertising campaigns, is making significant strides in this area with its recent partnerships. The company’s proactive approach sheds light on why investing in women’s sports is not just
The landscape of wealth is changing, and women are increasingly becoming a formidable presence among the world’s billionaires. A recent report elucidates the evolving dynamics of this elite class, revealing not just the numbers but the values and spending habits that characterize this growing segment. As of now, out of 3,323 billionaires globally, around 431