British luxury automaker Aston Martin said on Wednesday that it will cut up to 20% of its workforce as tariff and regulatory headwinds along with a challenging market backdrop weigh on the business. The company said the cuts will result in an annualized savings of about 40 million pounds ($54 million), most of which will occur this year. The company employs about 3,000 workers.Aston Martin didn't specify when the cuts would occur this year, and they include the 5% workforce reduction the company announced l ...

JPMorgan Chase CEO Jamie Dimon issued a warning that some of the conditions in financial markets are reminding him of the years leading up to the 2008 financial crisis. "Unfortunately, we did see this in '05, '06, '07, almost the same thing," Dimon said Monday in remarks at JPMorgan Chase's annual investor day. "The rising tide was lifting all boats, everyone was making a lot of money, people leveraging to the hilt. The sky was the limit.""I think today, the rising tide is lifting all boats. My own view is ...

President Donald Trump said his administration plans to make housing more affordable for new homebuyers while keeping home values high for existing homeowners. Trump delivered his State of the Union address to a joint session of Congress on Tuesday night and touted the lower cost of new mortgages since he took office in January 2025."Mortgage rates are the lowest in four years and falling fast, and the annual cost of a typical new mortgage is down almost $5,000 just since I took office. One year," Trump sai ...

Even as higher-end department stores struggle, off-price retail is thriving, showing that Americans are still spending, just more selectively. TJX Companies – which owns TJ Maxx, Marshalls and HomeGoods – blew past Wall Street expectations in its fourth quarter earnings report Wednesday morning.Sales surged 9% year-over-year to $17.7 billion in the fourth quarter, with comparable store sales up 5%. TJX also boosted its quarterly dividend 13% to 48 cents per share, and brought in a net income of $1.8 billion ...

Core Insights - Apple is expanding its U.S. manufacturing footprint by producing Mac minis in Houston, which will create thousands of jobs [1][11] - The company is opening a 20,000-square-foot Advanced Manufacturing Center in Houston for workforce training, reflecting its commitment to increase U.S. manufacturing [2] - The expansion includes the assembly of servers and logic boards at the new factory, which will be deployed across Apple's U.S. data center network [3] Manufacturing Expansion - The Houston expansion will effectively double the size of Apple's campus and increase production of advanced AI servers [1] - Apple has sourced over 20 billion U.S.-made chips from 24 factories across 12 states, collaborating with suppliers like TSMC and Broadcom [8] - The company plans to purchase over 100 million advanced chips from TSMC's Arizona facility by 2026 [8] Strategic Focus - The expansion aligns with a broader industry trend of increasing domestic AI infrastructure capacity and reassessing overseas supply chain exposure [6] - Apple has also expanded its Apple Manufacturing Academy in Detroit to provide training in AI and smart manufacturing to U.S. businesses [9] - The increased U.S.-based production of advanced chips and AI servers indicates Apple's growing reliance on domestic facilities for its operations [13]

An American Airlines jet was found Monday with possible bullet holes on its exterior after completing a flight from Medellin, Colombia, to Miami. The damage was discovered during a routine post‑flight inspection of the Boeing 737 MAX 8 at Miami International Airport.According to Airlive.net, the puncture marks resembled bullet holes and were found on the plane’s right wing assembly. American Airlines confirmed to FOX Business that the plane was impacted and is currently undergoing inspection. AMERICA’S AIRP ...

Consumer confidence ticked higher in February as American households' expectations for the labor market improved. The Conference Board's consumer confidence index rose 2.2 points to 91.2 in February from an upwardly revised 89 in January. The January data was initially reported as 84.5, the lowest level since May 2014.Economists polled by LSEG estimated the February reading for the index would come in at 87. FED'S FAVORED INFLATION GAUGE SHOWED CONSUMER PRICE GROWTH REMAINED ELEVATED IN DECEMBER"Confidence ...

Spirit Airlines announced Tuesday that it reached a deal with lenders that will allow it to exit bankruptcy by the late spring or early summer. The low-cost carrier filed for its second bankruptcy in August 2025 amid mounting losses and dwindling cash reserves. Spirit first filed for Chapter 11 bankruptcy protection in November 2024 after unsuccessful merger talks with JetBlue and Frontier.The airline will still face challenges under the deal, though it has a clearer path to survival after months of uncerta ...

Lamborghini will cancel its plan to release an electric vehicle in 2028 due to what the company is calling a lack of consumer demand. Lamborghini CEO Stephan Winkelmann spoke with The Sunday Times in an interview and said the EV will no longer join its lineup after the company's analysis found little demand for the EV, which was named the Lanzador in 2023. The company is owned by Volkswagen through its subsidiary, Audi.Winkelmann told The Sunday Times the "acceptance curve" for EVs in Lamborghini's target m ...

Novo Nordisk on Tuesday announced plans to cut the list price of its popular diabetes and weight-loss drugs Ozempic and Wegovy by as much as 50% in the U.S. next year. The Danish drugmaker indicated the price cuts will be effective on Jan. 1, 2027, and the timing will coincide with new, lower prices for Ozempic and Wegovy under Medicare plans for older Americans.The company's announcement indicated the list price for various doses of its Ozempic and Wegovy medicines will be lowered to $675, which represents ...