'Disaster' at Stellantis, Larry Ellison passes Jeff Bezos, Trump Media troubles: Business news roundup
Plus, United Airlines thinks business-as-usual corporate travel is over
Jeep owner Stellantis $STLA (STLA) is in crisis mode right now. It’s been hit with enormous recalls of its top-sellers, has seen profits plummet as sales stagnate and is even facing offers to offload some of its historic brands. Now, the automaker has been hit with a scathing review from U.S. dealers who say that “disaster has arrived” at the automaker.
Stellantis $STLA (STLA) on Tuesday hit back at the United Auto Workers (UAW), just hours after the union’s president said members will soon vote on whether to authorize a potentially unprecedented strike.
A Delaware judge has found Trump Media & Technology Group legally responsible for breaching an agreement with ARC Global, ordering Trump Media to deliver a larger portion of stock to ARC Global.
The chief commercial officer of United Airlines (UAL) confirmed Wednesday that one of the airline industry’s biggest COVID-19-era shifts will be more permanent than initially imagined. Andrew Nocella said the company is leaning harder on its leisure customer base as businesses continue their cautious spending around travel.
The artificial intelligence boom has sent Oracle $ORCL (ORCL) co-founder Larry Ellison’s net worth past that of Jeff Bezos, making him the new second-richest person in the world.
Target $TGT said on Monday that it plans to hire 100,000 seasonal workers as it prepares for the busy holiday season.
The company said most of these seasonal employees will work in stores, with some working in supply chain facilities, to assist with tasks like order pickup and stocking shelves.
Voyager 1 spent the last 47 years hurtling in a straight line away from Earth, exploring the deepest reaches of space that humanity has ever ventured. However, NASA must carefully manage Voyager 1 as the probe ages and slowly breaks down 15 billion miles away from the closest person. The most pressing dilemma is a rubber diaphragm deteriorating inside the fuel tank.
It seems even billionaires have to beg for the most coveted items in the world. Oracle $ORCL (ORCL) co-founder Larry Ellison says he spent a dinner “begging” for more of Nvidia $NVDA’s (NVDA) artificial intelligence chips.
Shares of Olive Garden parent company Darden $DRI Restaurants jumped 7% during premarket trading following the announcement of a partnership with Uber $UBER
OpenAI said the Safety and Security Committee it formed this year is now an independent board oversight committee