GM announces new gas-powered Cadillac vehicles amid EV pullback
General Motors will launch new gas-powered Cadillac vehicles starting next spring, shifting away from its previous all-electric vehicle strategy.
Goldman Sachs creates private markets platform as rich investors seek the next SpaceX and Stripe
Goldman Sachs launched a new platform to help wealthy clients invest directly in fast-growing private companies like SpaceX and Stripe before they go public.
Nike to cut off thousands of online distributors in China, restructure digital footprint
Nike plans to eliminate thousands of online distributors in China starting next year, consolidating its digital presence to official channels and major marketplaces to improve brand consistency and reverse regional sales declines.
Cyclospora outbreak tests RFK Jr.’s promise to overhaul food system, rebuild trust in CDC
A cyclospora outbreak affecting thousands tests newly appointed HHS Secretary Kennedy’s promise to overhaul the food system and rebuild trust in federal health agencies amid budget cuts and staffing shortages.
Faisal Islam: The UK’s Trump trade deal no longer looks world-beating
The UK’s trade deal with the US faces challenges as the EU secures better tariff terms, partly due to implementing forced labour legislation that Britain has not adopted.
Moody’s says ‘unprecedented’ AI spending threatens credit quality of Amazon, Meta, Alphabet and others
Moody’s warns that massive AI infrastructure spending at tech giants is eroding free cash flow and increasing balance-sheet risk, threatening credit quality despite strong current positions.
Trump orders Smithsonian to post warnings about ‘inaccurate’ US history
President Trump has ordered warning signs placed at the Smithsonian’s National Museum of American History, directing visitors to locations offering what his administration considers more accurate information about U.S. history.
Dodging snipers, housing crisis forces Yemenis to live on front line
A severe housing shortage in Yemen forces impoverished residents to settle in dangerous front-line areas where sniper fire poses constant threats to families.
As defaults on student loans surge, millions are trying to get their lives back on track
Student loan defaults have surged by over 4.2 million borrowers in the past year as payments resumed after the pandemic freeze, leaving millions struggling financially and facing potential wage garnishment.
Sex work or starve: Aid workers in Nepal left jobless by USAID cuts turn to sex work to survive
Over 280,000 aid workers worldwide lost their jobs after the United States slashed foreign aid funding, with approximately 100 LGBTQ+ workers in Nepal turning to sex work to survive.