World and Business

In the wake of last month’s E. coli outbreak linked to slivered onions at McDonald’s restaurants, the fast-food giant has announced plans to invest over $100 million to boost restaurant sales and support franchisees heavily impacted by the crisis. A Bold Investment for Recovery According to an internal memo sent to franchise owners and employees, […]

On November 15, 2024, H&E Equipment Services, Inc. (H&E) announced that its Board of Directors has declared a quarterly cash dividend of $0.275 per share, set to be paid on December 13, 2024, to shareholders of record as of November 29, 2024. This decision highlights the company’s robust financial position and its commitment to delivering

Last Friday, General Motors Co. (GM) carried out a significant round of layoffs, cutting approximately 1,000 employees worldwide, most of whom worked at the company’s Global Technical Center in Warren, Michigan, according to an internal source. This workforce reduction, part of GM’s restructuring efforts, affected both salaried and hourly employees across multiple departments. The move

Ford Motor Co. will pay the second-largest civil penalty in the history of the National Highway Traffic Safety Administration (NHTSA) after the Dearborn-based automaker failed to comply with federal recall requirements. According to an NHTSA press release, Ford and NHTSA agreed on a three-year consent order with a civil penalty of up to $165 million,

Goldman Sachs, one of the world’s leading financial institutions, has recently made a significant move to expand its digital asset portfolio by substantially increasing its stake in BlackRock’s iShares Bitcoin Trust (IBIT). According to a new filing submitted to the U.S. Securities and Exchange Commission (SEC) and first reported by MacroScope, Goldman Sachs now holds

DigitalX, a leading crypto fund manager in Australia, has announced an impressive 99% annual growth in its Bitcoin Fund. In the context of a dynamic global crypto market, marked by significant breakthroughs and political shifts, especially in the U.S., the company is implementing substantial cost-cutting measures to ensure sustainable growth and focus on long-term strategies.

dLocal, a leader in digital payments across emerging markets, has announced impressive financial results for Q3 2024, showcasing notable achievements. During this quarter, Total Payment Volume (TPV) reached a record $6.5 billion, representing a 41% year-over-year increase and an 8% quarter-over-quarter increase. This signals strong, stable growth for dLocal amid the volatile global financial landscape.

Tesla announced on Wednesday that it is recalling 2,400 Cybertruck vehicles in the U.S. due to a faulty part that could lead to a loss of power and increase the risk of a crash. This is the sixth recall of Cybertrucks this year. The issue is related to the driver inverter in Cybertrucks manufactured before