Intuit Inc. is an American multinational business software company founded in 1983 and headquartered in Mountain View, California. It specializes in financial software. Some of its products include TurboTax, a tax preparation software, and Quickbooks, an accounting software for businesses. According to reports, Intuit has announced plans to lay off 1,800 employees, which amounts to…
CNN To Layoff 100
CNN, also known as Cable News Network, is a multinational 24-hour cable news channel that provides continuous coverage of news events from around the world. It was founded in 1980 and is headquartered in Atlanta, Georgia. According to reports, CNN has announced plans to lay off 100 employees as part of a plan to merge…
BMW Recalls 394,029 Vehicles For Airbag Failure
BMW has issued a recall of 394,029 vehicles in the United States due to faulty airbag inflators. According to the notice from the National Highway Traffic Safety Administration (NHTSA), the faulty airbag inflators, PSDI-5, manufactured by Takata Corporation, could explode during an airbag deployment, propelling sharp metal fragments that can hit the driver or passenger…
Lucid Recalls 12,757 Vehicles
Lucid has issued a recall of 12,757 vehicles due to a software error as well as an issue with the coolant heater. According to reports, the software error could cause the vehicle to lose drive power and increase the risk of a crash. Affected vehicles include 5,251 units of its 2022-2023 Air luxury sedans. The…
Dyson To Layoff 1,000
Dyson Limited, also known as Dyson, is a Singapore-based multinational technology company founded in 1991 as Barleta Limited in England. The company designs and manufactures household appliances such as vacuum cleaners, air purifiers, hand dryers, hair dryers, and lights. It is currently headquartered in St James Power Station, HarbourFront, Singapore. According to reports, Dyson has…
TSMC: $1 Trillion Market Cap
TSMC, Taiwan Semiconductor Manufacturing Company Limited, the multinational semiconductor manufacturing and design company that is used by Apple, Qualcomm, Huawei, Intel, AMD, and Nvidia for a series of chips, hit the $1 trillion USD market cap mark after its shares rose 4.8% on July 8, 2024. According to reports, the success is a result of…
BYD: $1 Billion Manufacturing Plant In Turkey
BYD, the Chinese automotive company, has announced plans to set up a manufacturing plant in Turkey worth $1 billion USD as part of the company’s expansion outside China. According to reports, the plant will have the capacity to manufacture 150,000 vehicles annually. It is expected to start production by the end of 2026 and will…
The First All-Electric NASCAR
NASCAR (National Association of Stock Car Auto Racing) is a popular auto racing organization in the United States. It was founded in 1948 and is headquartered in Daytona Beach, Florida. It is considered to be one of the top-ranked motorsports organizations in the world and is one of the largest spectator sports in America. According…
John Deere To Layoff 600
Deere & Company, also known as John Deere, is an American corporation founded in 1837 and headquartered in Moline, Illinois. It is a manufacturer of agricultural machinery, heavy equipment, construction equipment, as well as parts and services. According to reports, John Deere has announced plans to lay off 600 employees across 3 factories in the…
Bob’s Store Is Shutting Down
Bob’s Stores is a chain of retail stores in the northeastern United States, founded in 1954 and headquartered in Meriden, Connecticut. It offers a wide range of products such as clothing, footwear, and outdoor gear. According to reports, Bob’s Stores recently filed for Chapter 11 bankruptcy protection due to unpaid debts and, as a result,…