The recent upheaval at General Motors’ Cruise division has sparked significant concern about the future of autonomous vehicle development. Following an investment exceeding $10 billion since its acquisition in 2016, GM announced its withdrawal from funding Cruise, a shift which has led to the reduction of its workforce by approximately 50%. This drastic measure reflects
Business
The film and television industry is no stranger to upheaval, but recent developments regarding trade tariffs could pose an unprecedented challenge for Hollywood. With President Donald Trump initiating a trade war with Canada, known affectionately as Hollywood North, both industry professionals and audiences alike are left to ponder the ramifications of these economic policies. The
In a significant shift for the historically Japanese-rooted automotive giant, Honda Motor Co. is embarking on a monumental $1 billion investment to upgrade its manufacturing operations in Marysville, Ohio. This decision marks a pivotal moment not only for Honda but also for the future of electric vehicle (EV) production in the United States. The initiative,
In a tragic turn of events for the aviation community, a fatal collision occurred between an Army Black Hawk helicopter and an American Airlines jetliner just moments away from landing at Ronald Reagan Washington National Airport. This incident has profoundly shaken the public’s trust in air travel safety, triggering immediate responses from federal authorities. Transportation
The looming threat of a 25% tariff on imports from Canada and Mexico is sending ripples of anxiety through the global automotive industry. As President Donald Trump prepares to make a decision on this critical issue, automakers are finding themselves caught in a precarious situation. This potential tariff, initially promised by Trump during his inauguration,
In a heart-wrenching incident reminiscent of the past, the United States witnessed its deadliest commercial aviation disaster in over two decades. On a fateful Wednesday evening, the skies near Washington D.C. became the tragic setting for a catastrophic collision involving an American Airlines regional jet and an Army Black Hawk helicopter just moments before landing
On a somber Wednesday night, a tragic aviation incident unfolded when an American Airlines regional jet collided with a Sikorsky H-60 Black Hawk military helicopter just moments before landing at Ronald Reagan Washington National Airport. The event, described as the most significant air disaster in the United States in over 15 years, has sent shockwaves
In a significant move that marks the culmination of its ambitious plans, Planet, a prominent player in satellite imagery and data analysis, has finalized a monumental $230 million contract to construct next-generation Pelican satellites for an undisclosed anchor customer based in the Asia-Pacific region. Announced on Wednesday, this agreement, described as both Planet’s largest in
On Tuesday, Starbucks revealed that the company experienced consecutive declines in same-store sales for the fourth quarter, indicating a troubling trend that has persisted over the past year. However, despite the dip in sales figures, Starbucks managed to exceed Wall Street analysts’ expectations in terms of quarterly earnings and overall revenue. Reporting earnings per share
JetBlue Airways has initiated an early retirement package aimed at specific pilots as part of its broader strategy to mitigate costs and revitalize revenue streams. This decision, communicated by the Air Line Pilots Association (ALPA) to its members, represents a significant shift in the airline’s approach to addressing financial pressures exacerbated by various operational challenges.