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DETROIT There is an addiction in the auto sector. It is a capital-hungry company that has been spending astronomically on all-electric and driverless cars for years. And it's waking up from the drug and going to treatment now. Amid economic concerns, billions of dollars wasted on self-driving cars, and a longer, if not unclear, return on investment in EVs amid slower-than-expected uptake, automakers from Detroit to Japan and Germany are trying to cut costs and expenses. These problems accompany declining consumer demand, rising commodity prices, and some Wall Street experts warning that global auto sales and earnings are set to peak as China's sector continues to grow. While other manufacturers like Nissan Motor, Volkswagen Group, and Chrysler parent Stellantis are taking even more drama...

Prior to 2005, when the National Retail Federation (NRF) first used the term "Cyber Monday," online shopping was flourishing.With the founding of Amazon in 1994, eBay in 1995, and Walmart's website in 2000, consumers soon became used to placing products in virtual shopping carts as opposed to real ones. Nevertheless, e-commerce vendors felt excluded from the annual Black Friday sales increase that was assured for physical retailers. As online purchasing grew, online-only companies like Amazon sought to take advantage of Thanksgiving weekend sales, according to Catherine Cullen, vice president of industry and consumer insights at the NRF. Online sales took over the Monday after Thanksgiving, setting it apart from Black Friday. Since its inception, Cyber Monday has developed into the tradit...

In order to decide whether to authorize the sale of conspiracy theorist Alex Jones' media company to the satirical journal The Onion, a federal court announced on Monday that he might schedule an evidentiary hearing the next month. Insolvency The sale, which follows an auction on November 13, is in limbo until such a hearing, when interested parties can present their case and he can determine which of Jones' assets, if any, can be sold, according to Houston Judge Christopher Lopez. They did not immediately pick a date. In addition, he noted that "whatever was status quo pre-auction remains status quo" and declined to rule on Jones' request for a temporary restraining order to invalidate the Onion's bid right once. This effectively permits Jones to continue broadcasting from his primary pla...

The Dow Jones Industrial Average, S&P 500, and small-cap-focused Russell 2000 index all set new marks on Monday as a result of a wide stock rise. Investors wagered that Scott Bessent, the Treasury secretary nominee of President-elect Donald Trump, would steer the economy without causing inflation. The blue-chip Dow increased by 0.99%, or 440.06 points, to 44,736.57. The broad S&P 500 ended the day at 5,987.37, up 0.3%. During the session, both reached new all-time highs, and the Dow closed at a new record close as well. The Nasdaq Composite ended the day at 19,054.84, up 0.27%. As markets applauded Trump's choice to select Besset, the founder of Key Square Group, Monday saw a wide increase. At session highs, the Russell 2000 surged 1.47% and overtook a previous all-time high achiev...

In an attempt to change its reputation as a fast-fashion store and establish itself as a high-end brand, Spanish retailer Mango is launching a daring expansion strategy in the United States. In an interview with CNBC, Mango CEO Toni Ruiz stated that the privately held company, which has its headquarters in Barcelona, intends to establish 42 new outlets in the United States by the end of the year and 20 more in 2025, mostly in the Northeast and Sun Belt. By next year, the company will have 1,200 employees in the United States thanks to the $70 million growth plan, which also includes a new logistics center outside of Los Angeles and roughly 600 additional employment. According to Ruiz, this is a long-term commitment. He added, "We also have the opportunity to have bigger stores in the U.S....

Following an episode in which Rogan suggested that Ukrainian and American officials were going to initiate World War III, Ukrainian Wladimir Klitschko, a longstanding boxing champion regarded as one of the greatest heavyweights ever, accused podcaster Joe Rogan of repeating Russian propaganda. The host of the Joe Rogan Experience on Friday expressed his disapproval of President Joe Biden's decision to allow Ukraine to use long-range missiles supplied by the United States to attack Russia, saying he didn't feel secure about them firing missiles into Russia. When you're leaving, how are you permitted to do that? According to Rogan, "the people don't want you there anymore." There ought to be a pause of some kind for important measures that might trigger World War III. Perhaps it would be be...

Starbucks announced on Monday that its baristas' ability to view and manage their schedules has been affected by a ransomware attack on one of its software vendors. Starbucks stated that it is collaborating closely with the provider to find a solution. The third party's name was not revealed by the business. The Starbucks employee platform, which lets the firm track how many hours workers have put in and displays their schedules to baristas, is impacted by the outage. Although the company stated that it is making sure that workers would be paid for all hours worked, store managers and baristas are now overcoming the outage manually. Customers have not been directly impacted by the disruption, and Starbucks stated that it is still serving customers in its locations. More from CNBC ...

In order to decide whether to authorize the sale of conspiracy theorist Alex Jones' media company to the satirical journal The Onion, a federal court announced on Monday that he might schedule an evidentiary hearing the next month. Insolvency The sale, which follows an auction on November 13, is in limbo until such a hearing, when interested parties can present their case and he can determine which of Jones' assets, if any, can be sold, according to Houston Judge Christopher Lopez. They did not immediately pick a date. "I want a fair and transparent process, and let's see where that process goes," Lopez stated, before adding, "Everyone will have their day in court." A limited liability corporation connected to Jones' dietary supplement company, First United American Companies, was another ...

After Los Angeles County's top prosecutor was fired earlier this month and suggested a fresh sentencing that would allow the brothers' release, Erik and Lyle Menendez's attempts to shorten their life sentences without the possibility of parole have been put on hold. After a court decided on Monday that a resentencing hearing scheduled for December 11 should be postponed in part to allow the county's new district attorney to review the case, that uncertainty will persist for the time being. The hearing was delayed for January 30 and January 31 by Los Angeles County Superior Court Judge Michael Jesic, who also stated that he needed additional time to consider the recommendation. The brothers were due to appear in court for the first time in years, but technical difficulties prevented the rem...

Armed with shotguns, Erik and Lyle Menendez stormed into their family's Beverly Hills home's den in the summer of 1989 and started shooting, killing their father and mother. The brothers claimed they shot their parents after years of horrifying sexual abuse at the hands of their father after being charged with the murders of Jose and Kitty Menendez. Prosecutors denied the accusations, claiming the siblings were driven by greed. When the jury failed to return a verdict, their televised trial—which included the brothers narrating the alleged torture in gory and gruesome detail—came to an end. The siblings were found guilty of first-degree murder during a second trial and given a life sentence without the prospect of release. In October, the top prosecutor for Los Angeles County stated that t...