A proposed class action lawsuit filed against Subway highlights serious concerns over misleading advertising practices in the fast-food industry. The lawsuit, submitted in federal court in Brooklyn, accuses Subway of presenting its Steak & Cheese sandwiches in advertisements that show an...

Volkswagen, Europe’s largest automaker, is navigating a turbulent phase that could reshape its operations in Germany significantly. The company plans to close at least three factories and lay off tens of thousands of employees as it aims to streamline operations and cut costs amid growing pressures...

Tesla CEO Elon Musk has once again reassured investors by announcing a robust growth forecast for 2024. Musk expects Tesla’s vehicle sales to increase by 20% to 30% next year, building on the company’s profitable core business of selling electric vehicles (EVs). This optimistic outlook has...

Hyundai Motor Co, the world's third-largest automaker, issued a warning on Thursday about slowing global demand and mounting competition in the automotive industry. Despite these concerns, the company remains committed to achieving its 2024 earnings target, even after reporting a 7% drop in...

Boeing, the iconic American aerospace manufacturer, is navigating one of the most tumultuous periods in its history. With a staggering loss of $6.17 billion in the third quarter alone and a total loss nearing $8 billion for the year, the company is at a critical juncture. In light of these...

Taiwan Semiconductor Manufacturing Company (TSMC), the world’s largest contract chipmaker, has notified the U.S. government about a potential attempt by Huawei to circumvent American export restrictions. These controls, imposed two years ago, are aimed at preventing the Chinese company from...

HSBC, one of the world’s largest banking institutions, is undergoing a major overhaul as part of a sweeping restructuring led by new CEO Georges Elhedery. With the goal of streamlining operations, reducing costs, and sharpening its focus on core markets, HSBC is repositioning itself to tackle the...

Meta, the parent company of Facebook, has recently unveiled a series of innovative AI models from its research division, including a groundbreaking "Self-Taught Evaluator." This development has the potential to significantly alter the landscape of the AI industry by reducing the reliance on human...

The US National Highway Traffic Safety Administration (NHTSA) has recently launched a preliminary investigation into 2.4 million Tesla vehicles equipped with the automaker's Full Self-Driving (FSD) software. This inquiry comes on the heels of four reported collisions, including a fatal crash that...

Netflix's performance in the third quarter of 2024, while impressive, reflects larger trends that may influence the entire global video streaming industry. The company added 5.1 million streaming subscribers during the quarter, surpassing Wall Street expectations by over a million. These results...

Taiwan Semiconductor Manufacturing Co. (TSMC), the world’s largest contract chipmaker, has reported a significant 54% surge in its third-quarter profit, driven by unprecedented demand for chips used in artificial intelligence (AI) applications. TSMC, whose clientele includes tech giants like Apple...