Author: Editor-In-Chief
GM Hummer EV production in Detroit.Photo by Jeffrey Sauger of General MotorsDetroit – general motors announced Thursday that it would record $7.1 billion in special charges related to the exit of electric vehicles and restructuring efforts in China in the fourth quarter of last year.The Detroit automaker said in a public filing that the charges include about $6 billion related to changes to its EV plans amid weak demand and $1.1 billion in cash, including $500 million primarily related to a previously announced review of its China joint venture.This charge will impact GM’s net income but not its adjusted results.…
On Saturday, U.S. forces carried out a dramatic offensive in Venezuela that resulted in the capture and forcible removal of President Nicolás Maduro and his wife, Cilia Flores. They were airlifted to New York and are currently in federal custody. Maduro appeared in federal court on drug and weapons charges and pleaded not guilty. Several governments, international law experts and United Nations officials have said the military operation was an illegal “kidnapping” and a violation of international law. The UN Secretary-General warned that this would set a “dangerous precedent” that undermines fundamental norms of sovereignty under the UN Charter.But while…
President Donald Trump announced Saturday that the United States had detained Venezuelan President Nicolas Maduro and his wife after a “major attack” in the South American country.The attack was carried out by the US Army’s elite Delta Force. Venezuela’s interior minister announced Wednesday that at least 100 people were killed in the attack. President Trump said there were no casualties among U.S. troops, but some service members were injured in the helicopter crash.The Trump administration has for years considered prosecuting Maduro through the U.S. judicial system. In 2020, during President Trump’s first term, Maduro was indicted in the Southern District…
Top articles in Friday’s newspapers and transfer rumors…transferArsenal are set to join Crystal Palace and Manchester City in the race for England defender Marc Guehi-The Mirror. Wolves are open to letting Jorgen Strand Larsen go this month, while Nottingham Forest are keen to sign his talkSPORT signature. Nottingham Forest added Brighton forward Evan Ferguson to their list of potential strikers in January, the Daily Mail reports. sprayer This content is provided by sprayercookies and other technologies may be used. To view this content, you must allow cookies. You can change the settings and enable it using the buttons below. sprayer…
Illustrated photo showing prescription drugs next to pill bottles on July 23, 2024 in New York.Spencer Pratt | Getty Images News | Getty ImagesA coalition of patient advocacy groups is asking a federal court to block third-party companies from purchasing drugs from countries outside the FDA-regulated U.S. supply chain, arguing that the practice endangers the health of American patients.The court filing comes in the wake of a CNBC investigation documenting how these third-party agencies, commonly referred to as alternative funding programs (AFPs), have spread to employer-sponsored health plans across the country. Under its growing business model, AFP sources expensive specialty…
Saudi-backed forces moved to capture major cities in southern Yemen on Thursday after Riyadh accused the UAE of helping separatist leaders flee. Citing “credible information”, Yemen’s Saudi-led coalition said Aidars al-Zubaidi, head of Yemen’s UAE-backed Southern Transitional Council (STC), left the country by boat for Somaliland “in the middle of the night”, then boarded a plane bound for Mogadishu, before being transferred to Abu Dhabi’s military airport. CNN has contacted the UAE Ministry of Foreign Affairs for comment. Yemen’s Saudi-backed government’s interior ministry said in a statement that the government-allied National Shield Force (NSF) had “secured” the southern city of…
With England left to lick their wounds after yet another Ashes drubbing in Australia, we look at the most pressing questions facing the team as they address the fallout from their 4-1 series defeat…Should McCullum and Key keep their jobs?The expectation is that both head coach Brendon McCullum and managing director of men’s cricket Rob Key will keep their jobs, with any calls to axe the former complicated by the fact he is due to lead England’s white-ball side in the T20 World Cup next month. Spreaker This content is provided by Spreaker, which may be using cookies and other…
A pedestrian passes in front of the Saks Fifth Avenue store in Chicago on December 30, 2025.Scott Olson | Getty ImagesEmbattled retail chain Saks Global is struggling to raise as much as $1 billion to stay afloat amid the possibility of filing for Chapter 11 bankruptcy, CNBC reported. The company is working to secure “debtor-in-possession” financing to help finance its operations should it potentially file for bankruptcy, the people said. But investors have so far shown little interest in lending money to Sachs, skeptical that it can successfully turn around and repay the debt, said the people, who asked not…
MiniMax Group Inc. logo on a smartphone in Shanghai, China.Bloomberg | Bloomberg | Getty ImagesChina-based AI startup MiniMax Group soared as much as 90% on its first day of trading in Hong Kong on Friday, becoming the second major Chinese developer to list a large-scale language model. The company raised HK$4.8 billion ($620 million) in its IPO, outpacing local rivals. Shiura AIwas listed in Hong Kong the previous day and rose just 13% on its first day of trading.The last trading price of MiniMax shares was HK$298 per share as of 3pm local time, compared with the public offering price…
The Greenlandic flag, known nationally as El Fallasorput, flies above a house in Nuuk, Greenland, on March 28, 2025. Leon Neal | Getty ImagesEurope spent much of 2025 beefing up its defenses against Russia, but just one week into the new year, it is being forced to rethink its security again following President Donald Trump’s threat to annex Greenland. President Trump has stepped up his calls for Greenland, a semi-autonomous Danish territory, to be brought under U.S. government control. The White House announced this week that President Trump is considering a variety of options, including military action. Greenland, the world’s…