Socioeconomics

General Motors (GM) reported its third-quarter earnings on Tuesday, and while there was some good news, the overall report painted a bleak picture for the automaker. Detroit Flop City GM’s net income and revenue beat analyst expectations, but profits were still down 7% from last year. The ongoing United Auto Workers (UAW) strike has also

“Greed is good again in the UK” The UK’s Financial Conduct Authority said Tuesday that it’s ending a cap on bonuses for bankers that’s been in place since 2014. The cap was originally an EU rule that Britain held onto post-Brexit and born out of the economic rubble of the 2008 financial crisis. As Their

The attorney generals of 41 states and the District of Columbia have filed a lawsuit against Meta, the parent company of Facebook and Instagram, alleging that the company intentionally designed its platforms with features that are harmful to young users. The lawsuit is based on evidence found in the “Facebook Files,” a collection of leaked

Chevron’s Hess Acquisition Fuels Broader M&A Frenzy in the Energy Sector Chevron has made a significant move in the energy sector by acquiring energy player Hess in a deal worth $53 billion. This acquisition is taking place during a period of intense activity in the industry, despite talk of a green revolution and a deal

Elon Musk and the EU are Going to Space Together According to a report by The Wall Street Journal, the European Space Agency (ESA) has contracted Elon Musk’s SpaceX to launch navigation satellites into orbit next year. This comes as a surprise, since Musk is not particularly popular in Europe. However, the EU has been