Stellantis announced a major five-year strategy involving €60 billion in investments aimed at boosting growth, efficiency, and profitability by 2030. The plan includes €36 billion for its vehicle brands, with most spending focused on North America, and €24 billion for platforms and new technologies. The company expects to launch over 60 new models, refresh 50 existing ones, and expand across electric, hybrid, and traditional vehicles. … Continue reading Stellantis unveils $70 billion turnaround plan

The U.S. government is expanding its investment in quantum computing with over $2 billion in planned CHIPS-related incentives for major tech companies. The Department of Commerce has signed letters of intent with nine firms, including IBM, D-Wave, Rigetti Computing, and others, to support development of quantum hardware and domestic manufacturing capacity. The funding includes major allocations such as $1 billion for IBM’s quantum foundry and hundreds of millions … Continue reading U.S. Puts $2 Billion Behind Quantum Firms as Bitcoin Security Debate Grows

Walmart issued a weaker-than-expected financial outlook for the current and upcoming quarters, raising concerns about pressure on U.S. consumers amid higher fuel prices and economic uncertainty. The company forecast earnings below Wall Street expectations, which sent its shares down about 8%, even though first-quarter revenue rose 7% and beat estimates. Executives said consumers are feeling uneven financial pressure, with higher-income shoppers still spending strongly while … Continue reading Walmart issues worse-than-expected outlook, shares drop 7%

U.S. federal authorities are investigating allegations that Chinese manufacturers may have restricted global shipping container production shortly before the COVID-19 pandemic, potentially driving up prices and disrupting supply chains. Investigators believe several dominant firms reduced output in late 2019 by limiting work hours, which may have contributed to a coordinated effort to tighten supply. The alleged actions came just before pandemic-related disruptions further strained global … Continue reading U.S. probing whether Chinese companies cut production of shipping containers before COVID pandemic

More than 47,000 Samsung Electronics workers are set to begin a strike after wage negotiations between the company and its union collapsed. The dispute centers on performance-based bonuses, with the union demanding higher payouts and changes to the compensation system. The breakdown in talks followed rejected mediation efforts and conflicting accounts between Samsung and union leaders over delays in decision-making. Samsung warned that the union’s … Continue reading Over 47,000 Samsung Electronics workers set to strike as wage talks break down

U.S. Treasury yields have surged to multi-year highs, with the 30-year bond rising above 5.19% and the 10-year approaching 4.69%, sparking concerns about financial market stability. HSBC warned that Treasurys have entered a “danger zone” where higher yields could begin pressuring stocks and other risk assets. Analysts say the selloff reflects concerns over sticky inflation, shifting interest rate expectations, and geopolitical uncertainty, even as some … Continue reading U.S. Treasurys are now firmly in the ‘danger zone,’ strategists say