General Motors laid off almost 1,000 employees on Friday as the automaker attempts to cut costs and realign priorities amid changing market conditions.
Read More GM Cuts 1K Jobs In Cost-Cutting Reorganization
Tag: cars
Advance Auto Parts To Shut Down At Least 500 Stores, Reducing Workforce As ‘Car Repairs Decline’
The automotive aftermarket parts provider Advance Auto Parts announced on Thursday that it will close more than 500 stores by mid-2025, while also cutting jobs in an effort to save money.
Read More Advance Auto Parts To Shut Down At Least 500 Stores, Reducing Workforce As ‘Car Repairs Decline’
Fed Cuts Interest Rates Again, Fed Chair Powell Says He Won’t Resign
The Federal Reserve lowered the federal funds rate for a second consecutive time on Thursday.
Read More Fed Cuts Interest Rates Again, Fed Chair Powell Says He Won’t Resign
Wall Street Soars To New Records Following Donald Trump’s Historic Election Victory
Donald Trump’s election victory was welcomed happily by Wall Street, with all three major benchmarks hitting record highs on Wednesday.
Read More Wall Street Soars To New Records Following Donald Trump’s Historic Election Victory
Musk now says it’s ‘pointless’ to build a $25,000 Tesla for human drivers
Musk appears to have backed into an admission that Tesla dropped its plans for a human-driven $25,000 car, saying it would be “pointless” unless the car was fully autonomous.
Read More Musk now says it’s ‘pointless’ to build a $25,000 Tesla for human drivers
Stacey Abrams Claims Voter Suppression Amid Georgia’s Record Early Turnout
Former Georgia gubernatorial candidate Stacey Abrams is claiming that “voter suppression” is occurring in Georgia despite record turnout in the state.
Read More Stacey Abrams Claims Voter Suppression Amid Georgia’s Record Early Turnout