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Investing
GM self-driving arm Cruise is laying off 24% of its workforce
General Motors’ beleaguered self-driving car subsidiary Cruise said Thursday that it was laying off roughly a quarter of its workforce, after…
To punish UPenn over antisemitism, Pennsylvania House Republicans block vet school funding
To punish the University of Pennsylvania for its response to antisemitism, Pennsylvania House Republicans stopped millions of dollars of state…
The battle for the future of Disney just got serious
A powerful activist investor is escalating his battle over the future of Disney in a long-simmering feud with CEO Bob Iger and the company’s…
GM’s robotaxi unit Cruise dismisses 9 top execs, announces layoffs amid probe into San Francisco crash that injured…
Cruise, the troubled autonomous-vehicle unit of General Motors Co., has dismissed nine “key leaders” and said it plans to lay off more than 20% of its…
Mortgage rates drop under 7% for the first time since August
Mortgage rates fell under 7% for the first time since mid-August this week. It is the seventh straight week that rates have dropped, as…
Berkshire Hathaway bought more Occidental stock on day of CrownRock deal
Warren Buffett’s Berkshire Hathaway bought stock in Occidental Petroleum on the same day the oil producer announced a $12 billion deal. A Securities and…
Why Shohei Ohtani, baseball’s best player, will barely make more than some of the worst MLB players
Baseball superstar Shohei Ohtani just inked a monster contract with a unique structure that will surely make Bobby Bonilla smile.…
Vivendi shares surge as media conglomerate outlines plans to split itself in three
French media conglomerate Vivendi on Wednesday said it is exploring plans to split itself into three separate listed companies, causing its share price to…