Published on January 24, 2025, 10:03 PM UTC
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Recent US dollar strength has impacted the earnings of several S&P 500 companies across various sectors due to unfavorable foreign-exchange conversions. Tech giants like Apple and Alphabet, as well as consumer-facing brands such as McDonald's and Coca-Cola, have reported headwinds related to the dollar's rise. Analysts predict the dollar's strength may continue, driven by factors such as Trump's policies and the Federal Reserve's stance on interest rates.
Published on: February 18, 2025, 12:03 PM UTC
General Motors is closing a plant in Shenyang, China, as part of its restructuring in the country. The plant makes Buick GL8 minivans and the Chevrolet Tracker SUV for the China market.
Published on: February 14, 2025, 11:00 PM UTC
Humanoid robots are heating up, with Google joining the race via a $350 million funding round for Apptronik. The company aims to scale production and target industrial, manufacturing, healthcare, and eldercare applications. Market research predicts a surge in humanoid robots, with potential uses in parcel delivery, construction, and home services.
Published on: February 13, 2025, 03:02 PM UTC
Commerzbank to cut 3,900 jobs, unveils new financial targets in strategy revamp
Published on: February 13, 2025, 07:05 AM UTC
Devastating wildfires in Los Angeles highlight America's homeowners insurance crisis, as climate change intensifies potential property damage. Insurance costs have surged, while underwriting profits for insurers have been negative. State lawmakers and regulators are leading efforts to find solutions, including mandating discounts for mitigation efforts, encouraging insurers to invest in communities, and allowing for more realistic pricing.
Published on: January 27, 2025, 04:00 PM UTC