Several General Motors employees who were laid off Monday described their jobs being terminated to CNBC.
Wealthy individuals are hiring more household staff, leading to record salaries for roles like private chefs (up to $300k) and butlers (up to $180k). Demand is driven by complex lives, multiple properties, and a shrinking pool of experienced candidates.
Volkswagen Group's plan to cut 100,000 jobs and close four German factories by 2030 was reportedly rejected by its supervisory board. The company faces challenges with costly tariffs and declining market share in China and North America, impacting profit margins.
Wealthy individuals are hiring more household staff, including private chefs and butlers, leading to record-high salaries and increased job-hopping. Demand for roles like personal assistants and nannies has surged due to complex lives and multiple properties.
Polestar's decision to exit the US market by 2027, due to a rule banning Chinese-made connected vehicle software, leaves thousands of owners and dozens of dealers facing uncertainty about vehicle service, software updates, and resale value. Unlike bankruptcies, this exit is government-mandated, leaving stakeholders vulnerable.
India has approved a manufacturing joint venture between China's Vivo and local firm Dixon Technologies. This 51/49 venture, majority-owned by Dixon, allows Vivo to manufacture smartphones in India and could serve as a template for other Chinese brands, boosting India's role beyond Apple's export dominance.
Two new exchange-traded funds (ETFs) have been created to allow investors to avoid companies associated with Elon Musk, such as Tesla and SpaceX. The funds, named Nasdaq-100 Ex-Elon Enterprises ETF and S&P 500 Ex-Elon Enterprises ETF, aim to provide capital appreciation by excluding these specific companies.
