Ford Motor Pauses $3.5 Billion Battery Plant Construction
Ford Motor has hit the pause button on the construction of a $3.5 billion battery plant in Michigan, which was set to utilize technology licensed from Chinese battery maker Contemporary…
Card Factory reports strong profit growth in H1 FY2024
Card Factory, the U.K. retailer specializing in greeting cards and related products, has announced a significant increase in pretax profit for the first half of fiscal year 2024. The company…
Market Update
In the United States, the futures for the S&P 500 were down by 0.7% and futures for the Dow Jones Industrial Average fell by 0.6%. It's important to note that…
Videndum Shares Plunge 29% as Dividend Payouts Paused
By Najat Kantouar Shares of Videndum, a renowned manufacturer of hardware and software for the film industry, experienced a significant setback, tumbling by 29% during early trading. The company attributed…
President Biden and Former President Trump Show Support for Striking Auto Workers in Michigan
President Joe Biden and former President Donald Trump are making their way to Michigan to show support for the United Auto Workers (UAW) who are currently on strike. While President…
Petards Group Shares Drop 13% on Missed Forecasts
By Najat Kantouar Petards Group, the U.K. developer of advanced security and surveillance systems for the defense industry, experienced a decline in shares of 13% on Tuesday. The company reported…
President Biden and Former President Trump Show Support for Striking Auto Workers in Michigan
President Biden and Former President Trump Show Support for Striking Auto Workers in Michigan President Joe Biden and former President Donald Trump are both making their presence known in the…
Manchester United Faces Fierce Takeover Battle
Manchester United, one of the most iconic soccer clubs in England, has become a subject of a fierce takeover battle. Jim Ratcliffe, the CEO of chemical giant Ineos, is determined…
Dialight Announces Fundraising Plans for Transformation Program
Dialight, a leading lighting company based in the UK, has revealed its intention to raise approximately £10.55 million ($12.9 million) through a discounted placing and retail offer. This capital will…
Chicken-Wing Chain Wingstop Inc. Poised for Expansion, Analysts Say
In the wake of the pandemic's impact on the food industry, chicken-wing prices have seen significant volatility. Factors such as the surge in delivery demand, supply chain disruptions, changes in…
The State of Electric Vehicle Sales in the U.S.
Despite the growing popularity and increasing sales numbers of electric vehicles (EVs) in the United States, there are some concerning trends that investors and auto makers should be aware of.…
Australia’s Inflation Rate Rises in August
Australia's monthly consumer price index (CPI) rose 5.2% year-on-year in August, putting the Reserve Bank of Australia on alert for a potential interest rate increase by the end of the…