GM to lay off 1,300 Michigan workers as vehicles end production
GM plans to lay off about 1,300 workers in Michigan early next year due to vehicles they produce ending production, the company disclosed in state documents.
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Amazon courts sellers at China summit as Temu and Shein gain momentum
Amazon hosted a summit for sellers based in China this week and announced a new "innovation center" in Shenzhen
Impeachment vote boosts Biden campaign fundraising
A donor pitch linked to the impeachment vote was the top performing ask of the 2024 cycle for VP Kamala Harris, a Biden campaign source told CNBC.
Southwest CEO vows last year's Christmas meltdown ‘will never happen again’
Last year, Southwest canceled close to 17,000 flights over the crucial Christmas and New Year's holiday period.
Former Facebook diversity strategist pleads guilty to stealing more than $4 million from company
Meta, the parent of social media giant Facebook, cooperated with the fraud investigation of former DEI strategist Barbara Furlow-Smiles.
European Union leaders agree to open membership talks with Ukraine
Ukraine has seemingly moved one step closer to EU membership after leaders in Brussels agreed to open membership negotiations with the war-torn nation.
Bull on the tracks delays trains in New York, New Jersey
It was not known how a bull ended up on the train tracks near Penn Station in Newark, New Jersey, disrupting commuter service to and from New York.
CrowdStrike CEO George Kurtz on China, Microsoft and the SEC
The cybersecurity firm has seen its stock price surge more than 130% this year, beating out larger rivals and the broader indexes.
Adobe shares slide on weaker-than-expected forecast for 2024
Adobe's guidance for 2024 missed analysts' estimates for revenue and profit.
GM's Cruise laying off 900 employees, or 24% of its workforce: Read the memo here
The cuts come after a barrage of safety concerns and incidents have plagued the robotaxi subsidiary since it gained approval to operate in San Francisco.
Amazon to connect Kuiper satellites with laser links to boost space internet network
Traditionally, satellites are limited to sending data between an individual spacecraft and the ground. Laser links connect satellites to one another.
Moderna, Merck vaccine with Keytruda cuts risk of deadly skin cancer returning in half, data says
Those results build on midstage trial data Moderna and Merck released earlier this year, which examined the efficacy of the combination over a shorter period.
Cadillac reveals three-row Vistiq to round out electric SUV lineup
Cadillac plans to round out its upcoming lineup of all-electric SUVs with a three-row vehicle called the Vistiq.
Retail sales rose 0.3% in November vs. expectations for a decline
Retail sales rose 0.3% in November, stronger than the 0.2% decline in October and better than the Dow Jones estimate for a decrease of 0.1%.
IEA expects oil demand slowdown to persist in 2024 as prices fall on oversupply concerns
The International Energy Agency on Thursday said evidence of softening global oil demand is mounting and a slowdown is expected to continue in 2024.
LinkedIn shelved planned move to Microsoft Azure, opting to keep physical data centers
LinkedIn called off a plan to move technology to Microsoft Azure, a setback for its parent company, which is chasing Amazon Web Services
Fed holds rates steady, indicates three cuts coming in 2024
The Federal Reserve on Wednesday held its key interest rate steady for the third straight time and set the table for multiple cuts to come in 2024 and beyond.
What the COP28 deal means for the U.S. as oil and gas production hits record levels
A landmark agreement to shift away from fossil fuels thrusts U.S. policy into the global spotlight.
GM's Cruise robotaxi unit dismisses nine ‘key leaders’ amid safety investigation
The departures include leaders from Cruise's legal, government affairs, commercial operations and safety and systems teams, according to a company-wide message.
Judge pauses Trump D.C. election case pending appeal, puts trial date in question
The ruling pausing the election interference case in U.S. district court does not suspend Donald Trump's gag order, Judge Tanya Chutkan noted.
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