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Business

Crash Test Dummies Fuel Growth at Humanetics as Automotive Safety Demand Surges
Business
1ย hour, 39ย minutes ago

Crash Test Dummies Fuel Growth at Humanetics as Automotive Safety Demand Surges

Humanetics, the leading manufacturer of automotive crash test dummies, has been refining its products to better replicate human responses in safety tests. The company's dummies, which undergo rigorous assembly and testing, have been instrumental in i

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iRobot Files for Bankruptcy Amid Debt and Tariff Burden
Business
13ย hours, 36ย minutes ago

iRobot Files for Bankruptcy Amid Debt and Tariff Burden

iRobot, the US-based manufacturer of Roomba robot vacuums, has filed for bankruptcy due to significant debt and increased costs from tariffs, with outstanding unpaid tariffs totaling $3.4 million to US Customs and Border Protection. The company's fin

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Ford Abandons Ambitious EV Plans, Takes $19.5 Billion Hit
Business
13ย hours, 50ย minutes ago

Ford Abandons Ambitious EV Plans, Takes $19.5 Billion Hit

Ford is scaling back its electric vehicle plans, citing lackluster demand and regulatory changes, and will instead focus on producing profitable hybrid and gas-powered vehicles. The company expects a $19.5 billion hit to its profits as a result of th

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Tech Stocks Plummet as AI Bubble Shows Signs of a Healthy Correction
Business
1ย hour, 41ย minutes ago

Tech Stocks Plummet as AI Bubble Shows Signs of a Healthy Correction

A sharp decline in tech stocks, particularly AI hyperscalers Oracle and CoreWeave, has sparked concerns of an AI bubble bursting, with Oracle's shares plummeting 44% from its September high and CoreWeave's shares down 60% since July. Despite the sign

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New York City's Gaming Landscape Transformed with Approval of Three Las Vegas-Style Casinos
Business
7ย hours, 39ย minutes ago

New York City's Gaming Landscape Transformed with Approval of Three Las Vegas-Style Casinos

The New York State Gaming Commission has awarded licenses to three Las Vegas-style casino projects, marking the city's entry into the lucrative metropolitan-area gaming market. The approved sites, located in Queens, the Bronx, and near JFK Airport, a

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Ford Takes $19.5 Billion Hit as it Shifts Electric Vehicle Strategy
Business
7ย hours, 39ย minutes ago

Ford Takes $19.5 Billion Hit as it Shifts Electric Vehicle Strategy

Ford has taken a significant $19.5 billion write-down as it pivots its electric vehicle strategy, scrapping production of certain larger EV models and refocusing on more affordable, customer-driven options. The Dearborn-based automaker aims to redire

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SpaceX Valuation Surges to $800 Billion as Elon Musk Prepares for Public Debut
Business
2ย days, 1ย hour ago

SpaceX Valuation Surges to $800 Billion as Elon Musk Prepares for Public Debut

SpaceX, the rocket and satellite manufacturer led by Elon Musk, is poised to become the world's most valuable private company after announcing a deal to buy $2.56 billion worth of shares at $421 each, valuing the company at approximately $800 billion

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Thames Water Halts ยฃ2.5 Million in Senior Manager Bonuses Amid Pollution Concerns
Business
1ย hour, 41ย minutes ago

Thames Water Halts ยฃ2.5 Million in Senior Manager Bonuses Amid Pollution Concerns

Thames Water, the UK's largest water and sewage company, has deferred ยฃ2.5 million in bonuses for its senior managers, citing pressure to refrain from rewarding staff amidst the company's poor environmental performance. This move follows a pause on m

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Ford Abandons F-150 Lightning, Shifts Focus to More Affordable EV Options
Business
1ย hour, 45ย minutes ago

Ford Abandons F-150 Lightning, Shifts Focus to More Affordable EV Options

Ford has ceased production of its F-150 Lightning, a full-size battery electric pickup truck, and will shift focus to cheaper vehicles, hybrids, and range-extended electric vehicles, including a new F-150 Lightning model with a gasoline generator tha

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UK Unemployment Rate Surges to 5.1%, Young Workers Hit Hardest
Business
1ย hour, 51ย minutes ago

UK Unemployment Rate Surges to 5.1%, Young Workers Hit Hardest

The UK unemployment rate rose to 5.1% in the three months to October, with a significant 85,000 increase in unemployed 18-24-year-olds, the largest rise since November 2022. This trend reflects a "subdued labour market" that is disproportionately aff

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Volkswagen Closes First German Plant in 88-Year History
Business
7ย hours, 53ย minutes ago

Volkswagen Closes First German Plant in 88-Year History

Volkswagen is set to close its Dresden, Germany plant, marking the first time in its 88-year history that it has shut a production facility in its home country. The move, which will see the last vehicle roll off the assembly line on Tuesday, is a res

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Aldi's Skincare Dupes Challenge Luxury Brands with Surprising Similarity
Business
2ย days, 7ย hours ago

Aldi's Skincare Dupes Challenge Luxury Brands with Surprising Similarity

Supermarket skincare dupes, which mimic high-end luxury brands, are gaining popularity among UK shoppers, with over a quarter of consumers opting for budget-friendly alternatives. A recent example is Aldi's Lacura face cream, priced at ยฃ8.49 for 50ml

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Stocks Teeter on Jobs Report Eve as Bond Yields Plummet
Business
19ย hours, 38ย minutes ago

Stocks Teeter on Jobs Report Eve as Bond Yields Plummet

Stocks and bonds experienced volatility ahead of the highly anticipated US jobs report, with the S&P 500 index fluctuating as investors await key economic data to inform the Federal Reserve's interest rate decisions. The tech sector, led by declines

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Ford Halts Production of Money-Losing F-150 Lightning
Business
13ย hours, 37ย minutes ago

Ford Halts Production of Money-Losing F-150 Lightning

Ford Motor Company has discontinued production of its all-electric F-150 Lightning pickup truck, citing customer demand for more affordable options and the model's unprofitability. The decision will redirect battery production to support the electric

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New York City Lands 3 Las Vegas-Style Casinos in Major Gaming Market Shift
Business
13ย hours, 40ย minutes ago

New York City Lands 3 Las Vegas-Style Casinos in Major Gaming Market Shift

New York City has been awarded its first Las Vegas-style resort casino licenses, with three disparate sites in Queens, the Bronx, and near JFK Airport set to host the lucrative gaming establishments. The state Gaming Commission's approval comes with

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iRobot Files for Bankruptcy Amid Tariff-Driven Financial Strains
Business
1ย day, 1ย hour ago

iRobot Files for Bankruptcy Amid Tariff-Driven Financial Strains

iRobot, the US-based company behind the popular Roomba vacuum cleaner, has filed for bankruptcy protection due to intense competition from Chinese rivals and increased costs from US tariffs, which have drained its valuation from $3.56 billion in 2021

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iRobot Files for Bankruptcy, Picea Robotics to Assume Ownership
Business
19ย hours, 50ย minutes ago

iRobot Files for Bankruptcy, Picea Robotics to Assume Ownership

iRobot, the US-based company behind the popular Roomba smart vacuum cleaner, has filed for bankruptcy protection due to increased competition from Chinese rivals and the impact of tariffs, which have resulted in significant cost increases of $23 mill

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Carrier Screening Expands: Weighing the Benefits and Costs of Genetic Testing
Business
2ย days, 19ย hours ago

Carrier Screening Expands: Weighing the Benefits and Costs of Genetic Testing

Genetic testing company Nucleus Genomics is expanding its services to offer customers the option to select embryos for desirable traits, while another company is offering expanded carrier screening to test for hundreds of genes in would-be parents. T

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DEVELOPING: Roomba Maker Files for Bankruptcy Amid Crushing Debt and Tariff Burden
Business
21ย hours, 40ย minutes ago

DEVELOPING: Roomba Maker Files for Bankruptcy Amid Crushing Debt and Tariff Burden

iRobot, the US-based manufacturer of Roomba robot vacuums, has filed for bankruptcy due to crushing debt and the burden of tariffs imposed on its imported Vietnamese-manufactured products, with outstanding debts totaling $3.4 million to US Customs an

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"iRobot Declares Bankruptcy Amid Roomba Sales Slump"
Business
1ย day, 7ย hours ago

"iRobot Declares Bankruptcy Amid Roomba Sales Slump"

iRobot, the US-based company behind the popular Roomba vacuum cleaner, has filed for bankruptcy protection due to increased competition from Chinese rivals and rising costs from tariffs imposed by the US government. The company's main manufacturer, P

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