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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.…
George Conrades, then chairman and CEO of Akamai Technologies, speaks during the National Infrastructure Advisory Council meeting in Washington, April 13, 2004.Jay Marin | Bloomberg | Getty Imagesoracle announced Friday that two longtime board members, both 80 years old, have resigned from the board.George Conrades, former CEO of a content network distribution company AkamaiOracle announced in a filing that it is retiring along with Naomi Seligman, a senior partner at technology research firm Ostriker von Simson. Mr. Conrades, 86, has been a director for 18 years. Mr. Seligman, 87, joined the board in 2005.”Neither termination was the result of any…
We’re here for the Year of the Horse! Although the official Lunar New Year isn’t until February 17th, we’re already preparing for the new year. It is no exaggeration to say that you are fully prepared for the Year of the Snake. Like a snake shedding its skin, this year represented a cycle of death and rebirth for many of us. It was a tough job, but we did it. Now it’s time for the horse to take over. According to Chinese astrology, this Horse is confident, active, independent, and responsible. So whether you consider yourself a “horse girl” or…
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…
Amazon warehouse in Warrington, UK.Nathan Stark | Getty ImagesAmazon has submitted plans for more than one large-format store in the greater Chicago area. walmart The supercenter represents the tech company’s latest experiment in physical retail.As part of the plan, Amazon is proposing to build a one-story, 229,000-square-foot building in Orland Park, Illinois, that would offer a wide range of products, including groceries, household goods and general merchandise, the city announced Saturday. By comparison, Walmart’s average U.S. supercenter is typically 179,000 square feet.Amazon’s facility will also include a “limited warehouse component” to support on-site operations and space for delivery drivers to…
Jen Tran & Devin StraderStatus: SplitOn the Season 21 finale of The Bachelorette, it seemed like Bachelor alum Jen Tran finally had her happy ending with finalist Devin Strader. But Jen revealed on After the Final Rose in September 2024 that Devin snubbed her as soon as the cameras stopped. “He would boldly declare his love and then all of a sudden the next day he wouldn’t say anything and deny that he was in love,” Jen told host Jesse Palmer on the Sept. 3 episode. “All the promises he made to me, all the love he wanted to give…
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…
london — For Europe, Donald Trump’s return to the White House seems certain. The regime’s threat to annex Greenland, an autonomous Danish territory, has thrust NATO into an unprecedented situation. Alliances based on collective defense – where an attack on one country is an attack on all – now face the prospect that one member state could attack another. The White House said on Tuesday that the president was “discussing a wide range of options” for acquiring Greenland, and that he was not considering bringing in U.S. troops. President Trump’s deputy chief of staff, Stephen Miller, declared a return to…
What do you get for someone who already has everything? clearly, arnold schwarzenegger Problem solved. After all, terminator star’s son-in-law chris pratt—Who do you share your children with? Lyra,5, Eloise3, and fordwife and 14 months catherine schwarzenegger- shared an unusual but touching gift his family received from him. “Ernie’s Words of Love is all about giving,” Chris explained during a Jan. 8 appearance on the show. graham norton show. “One of ours was a 6-by-8-foot portrait of him and three kids dressed as Santa Claus.” And he declared it to be “the most beautiful portrait you’ve ever seen,” adding, “It’s…
President Donald Trump speaks at a bill signing ceremony in the Oval Office of the White House on December 12, 2025 in Washington.Francis Chan | Politician | Bloomberg | Getty ImagesPresident Donald Trump said Thursday that he is “directing my members of Congress” to buy $200 billion in mortgage bonds, which he claimed would lower interest rates and monthly payments.In a post on Truth Social, President Trump said he issued the order because government-backed mortgage issuers Fannie Mae and Freddie Mac are well-funded.It is unclear who Trump is referring to as his representative. The White House and the Federal Housing…