Factory workers at Mercedes Benz’s assembly plant in Vance, Alabama, are taking steps to join the United Auto Workers (UAW) union. They are planning to submit a petition to U.S. regulators this week, aiming to initiate a formal election process to unionize the workforce. The move comes after a majority of the approximately 6,000 employees
Wall Street
Payroll and human resources software provider, Paychex (NASDAQ:PAYX) is set to release its earnings report tomorrow before the opening bell. Last quarter, the company reported revenues of $1.26 billion, showing a 5.7% increase compared to the previous year. However, this fell short of analysts’ expectations by 0.7%, indicating a slightly weaker performance. Heading into the
In a market where competition is fierce, Xiaomi’s entry into the electric vehicle sector has garnered significant interest from consumers. The company’s first-ever electric sedan, the SU7, has seen an overwhelming response, with 88,898 pre-orders placed within the first 24 hours of availability. However, potential buyers are being warned that they could face considerable wait
Uber Technologies Inc. (NYSE:UBER) has established itself as a key player in the ride-sharing and delivery services industry, attracting the attention of Wall Street analysts. The company’s global presence in Mobility and Delivery services has positioned it for strategic expansion and financial scrutiny. With a focus on non-UberX products and a growing share of bookings
A recent development in the financial sector has seen a federal judge in Texas blocking the enforcement of new regulations that were set to overhaul how lenders extend loans and other financial services to low- and moderate-income Americans. This decision has sparked controversy and has raised concerns within the banking and business communities. U.S. District
A federal judge in a Texas court has recently made a decision to transfer a lawsuit challenging a rule that curbs credit card late fees to a court in Washington, D.C. This move has sparked controversy and debate among various parties involved in the case. Let’s take a closer look at the implications and criticisms
Electric vehicle manufacturer Fisker recently announced significant price cuts for its 2023 electric Ocean SUV model in an effort to stimulate demand and address concerns about the company’s financial stability. The price reductions apply to all three variants of the Ocean SUV, with the entry-level Ocean Sport now priced at $24,999, down from $38,999. Similarly,
The recent evaluation of the low-carbon transition plans of major oil and gas companies in Europe and North America has revealed concerning results. According to the leading investor climate action group, Climate Action 100+, the current plans put forth by companies like Exxon Mobil, Shell, and Chevron are lacking in several key areas. The assessment
The U.S. stock market saw a decline, with the Dow and S&P 500 experiencing their third consecutive decline. This downtrend occurred despite Tesla gaining 2.92% after launching a trial of its Full Self-Driving technology. The market is eagerly awaiting the release of the Personal Consumption Expenditures Price Index (PCE) data, which is expected to provide
Recently, Evercore ISI reiterated its positive outlook on Apple Inc. (NASDAQ:AAPL), maintaining an Outperform rating and a $220.00 price target for the company’s shares. This decision comes on the heels of Apple’s announcement regarding its collaboration with Baidu (NASDAQ:BIDU) to integrate the latter’s artificial intelligence platform, Ernie, into its Chinese operations. The partnership between Apple