Business News – 11-22-2021

Authentic Brands Group delays IPO to sell stake in deal, making company worth $12.7B Authentic Brands Group has canceled its plans for an IPO and instead has planned to sell significant equity stakes in its business to private equity firm CVC Captial, and other current shareholders which value the company at $12.7 Billion The CEO… Continue reading Business News – 11-22-2021

Business News – 11-11-2021

Disney stock continues to fall as inflation increases Shares of Disney have continued to be negative for this year in 2021 and remain behind the S&P 500 Index Return As Disney’s3rd quarter earning swerve announced, it shows that streaming subscriber additions slowed down and costs for its content and Parks business rise GM aims to… Continue reading Business News – 11-11-2021

Business News – 11-10-2021

Crew-3 SpaceX mission to launch 4 more astronauts for NASA On November 10, SpaceX will launch the Crew-3 mission for NASA which marks the company’s 5th crewed mission in the past 18 months The crew are set for liftoff at 9:03 om ET at NASA’s Kennedy Space Center in Florida with the astronauts set to… Continue reading Business News – 11-10-2021

Business News – 09-10-2021

Retail company Kroger suffers from higher costs and theft despite high sales On September 10, Kroger announced that the company had seen many favorable trends in their fiscal second quarter as shoppers are buying more groceries Despite a strong fiscal second quarter, Kroger investors have expressed their concern about the supermarket operator’s margins as they… Continue reading Business News – 09-10-2021

Business News – 09-28-2021

BrightDrop, GM’s EV business to supply Verizon with new van In 2021, General Motors commercial electrical vehicle business BrightDrop plans to ass a second van to its lineup and the first customer for the midsize commercial van will be Verizon Communications This new product follows behind the first production models of BrightDrop’s large van named… Continue reading Business News – 09-28-2021

Business News – 10-26-2021

Chevrolet Corvette Z06 unveiled by GM showing spectacular performance On October 26, General Motors unveiled a high-performance Z06 version of the Chevrolet Corvette set for 2023 The car is track-focused and will be powered by a new 5.5-liter V-8 naturally aspirated engine with a 0-60 mph or 2.6 seconds Blue Eden project worth $2.35 billion… Continue reading Business News – 10-26-2021

Business News – 10-22-2021

Starship test-fired by SpaceX as FAA reviews key license for first orbital launch Elon Musk’s SpaceX completed two test firings of the engines on its Starship 20 prototype on October 21 SpaceX is preparing for the rocket’s first orbital launch while the Federal Aviation Administration reviews its license request GMC Sierra Denali and AT4X pickups… Continue reading Business News – 10-22-2021

Business News – 09-09-2021

General Motors shutdown of Bolt EV production extended The shutdown of GM’s Chevrolet Bolt EV has been extended at their Michigan production plant as they work with battery supplier LG Chem to fix manufacturing defects The Orion Assembly plant will be shut down for the week of September 13 through September 20 US sailings increased… Continue reading Business News – 09-09-2021

Business News – 08-19-2021

Starlink internet satellites will have new capabilities as SpaceX plans to use with Starship Elon Musk’s SpaceX has disclosed new details about their plan for the next generation Starlink satellites on August 18 in federal filings SpaceX also want to use their Starship rocket as the primary vehicle to deliver the spacecraft into Earth’s orbit… Continue reading Business News – 08-19-2021

Business News – 08-07-2021

Production issues cause used car prices to remain at high prices Legacy automakers like Ford and General Motors have been forced to cut production of vehicles due to the semiconductor chip shortage this year Ernie Garcia, the CEO of Carvana has said that the high used car prices will not start to fall until automakers… Continue reading Business News – 08-07-2021

Business News – 08-04-2021

New eviction ban issued by CDC will be effective until October 3 For most of the United States, the Centers for Disease Control and Prevention have issued a new eviction ban which will remain effective until October The former moratorium expired last month, even as some 11 million Americans continue to be behind on their… Continue reading Business News – 08-04-2021

Business News – 07-19-2021

GM announces pickup truck alongside Hummer production Today vehicle manufacturer General Motors confirmed they will be offering a fully-electric full-size pickup truck Slated for production in April 2022, General Motors plans this electric variant of the Chevrolet Full-size pickup General Motors plans to release 30 Electric vehicles globally by 2025; they plan to invest $27… Continue reading Business News – 07-19-2021

Business News – 07-14-2021

General Motors announces warning to Chevrolet Bolt EV owners about fire risk After two Bolt EVs in Vermont and New Jersey caught fire, General Motors has issued a warning to owners of the 2017-2019 versions of this vehicle to not park the car inside or charge them unattended overnight Starting in November, GM issued a… Continue reading Business News – 07-14-2021

Business News – 07-01-2021

 Although Porsche is increasing EV plans, they still plan to have investments in gas vehicles With the success of their new all-electric vehicles, Porsche has seen record sales  The CEO of the company Kjell Gruner has reported that the company is looking into investing into all-electric cars, internal combustion engines, and plug-in hybrids Compared to… Continue reading Business News – 07-01-2021

Business News – 06-17-2021

Dutch Airline KLM to resume most of its routes for 2021 with increased vaccinations  KLM a Dutch Airline reports that they have plans to resume a majority of their international flights sometime this year in 2021 KLM also reported that they will also add a new route to Saudi Arabia and Riyadh as they expand… Continue reading Business News – 06-17-2021

Business News – 06-14-2021

Vaccines cannot keep up with amount of Covid-19 cases across the world  The World Health Organization has reported that the amount of Covid-19 cases is spreading faster than vaccinations worldwide Despite the amount of cases of the vaccine are tending to decline worldwide, the amount of deaths related to Covid-19 have not declined the same… Continue reading Business News – 06-14-2021