Industry

GM recalls nearly 600,000 trucks and SUVs due to a risk of sudden engine failure in V8 models.

UPS to cut 20,000 jobs and close 73 facilities as it reduces Amazon deliveries and increases automation.

Martinelli's recalls over 170,000 apple juice bottles in 28 states due to potential patulin contamination risk.

Merck KGaA to acquire U.S. biotech firm SpringWorks for $3.9 billion to expand its cancer and rare disease drug portfolio.

Toyota considers investing in a $42 billion buyout of supplier Toyota Industries amid governance reform pressures.

Grain Millers recalled 63,000 pounds of oats due to plastic contamination risk, according to the FDA.

DOGE's cost-cutting efforts under Elon Musk may end up costing U.S. taxpayers billions, experts warn.

Tariffs threaten the EV industry's growth, but Tesla and Volkswagen may gain an advantage with more American-made vehicles.

Shein and Temu raise prices as the U.S. ends a key tariff loophole for low-cost imports.

Trump signs executive order to fast-track U.S. deep-sea mining, aiming to compete with China's control of critical minerals.

China has quietly rolled back tariffs on some U.S. semiconductors, signaling a shift amid ongoing trade tensions with the US.

Meta lays off staff in Reality Labs as it restructures VR and AR teams to boost efficiency.

Starbucks faces a lawsuit over claims it profited from forced labor on Brazilian coffee farms.

McDonald's brings back McCrispy Strips nationwide on May 5, rejoining the fast-food chicken battle.

GM Recalls Nearly 600,000 Trucks, SUVs Over Sudden Engine Failure Risk