Category : Markets

Lamborghini will cancel its plan to release an electric vehicle in 2028 due to what the company is calling a lack of consumer demand. Lamborghini CEO Stephan Winkelmann spoke with The Sunday Times in an interview and said the EV will no longer join its lineup after the company’s analysis found......

Lamborghini will cancel its plan to release an electric vehicle in 2028 due to what the company is calling a lack of consumer demand. Lamborghini CEO Stephan Winkelmann spoke with The Sunday Times in an interview and said the EV will no longer join its lineup after the company’s analysis found......

The nation’s largest retailer of used cars, CarMax, will pay at least $420,000 to resolve allegations that it repossessed vehicles from U.S. service members without court orders, the U.S. Department of Justice announced Monday. In addition to compensating affected service members, the company will pay a $79,380 civil penalty to......

Johnson & Johnson on Wednesday announced plans to invest more than $1 billion in a next-generation manufacturing facility that will produce advanced cell therapy technologies. The facility will be located in Montgomery County, Pennsylvania, and Johnson & Johnson said the move will expand its U.S. manufacturing capacity along with its pipeline......

Discount retailer Dollar Tree is opening new stores in increasingly affluent areas as it seeks to attract higher-income customers who spend more at the store per trip, a new report finds. An analysis by Bloomberg News found that 49% of new Dollar Tree stores opened in the last six years were located......

A nationwide recall has been issued for a baby fruit purée after federal testing found elevated levels of patulin, a toxin that can pose health risks with prolonged exposure. Initiative Foods announced Friday that it is recalling one lot of its “Tippy Toes” Apple Pear Banana Fruit purée following the......

Spirit Airlines reached a deal to sell 20 of its Airbus jetliners and is recalling some of the flight attendants furloughed late last year amid the budget carrier’s financial struggles. Spirit is in the midst of its second bankruptcy in under two years after it filed for Chapter 11 bankruptcy protection......

Billionaire investor and hedge fund manager Bill Ackman is making a big gamble on the future of Mark Zuckerberg and his Meta platforms. Ackman has allegedly committed an estimated $2 billion to Meta, representing a sizable 10% of Pershing Square’s total portfolio, The Wall Street Journal reported. The move is......

Ford on Tuesday posted its largest quarterly loss since 2008 amid losses in the automaker’s electric vehicle (EV) division, as well as the impact of tariffs and a fire that impacted an aluminum supplier. The Detroit automaker reported a fourth quarter net loss of $11.1 billion after previously disclosing large......

Two men from Pennsylvania admitted to repeatedly traveling from Philadelphia to Minneapolis in an effort to defraud Minnesota’s Housing Stabilization Services (HSS) program, prosecutors announced. The men allegedly defrauded approximately $3.5 million from the program and used artificial intelligence to create false records. The two men, identified as Anthony Waddell......