Production of aluminum at Ford Motor supplier Novelis still has not fully resumed more than four months after a devastating fire disrupted supply of the metal to Ford's lucrative pickup trucks, accord... ...

Elon Musk plans to merge SpaceX with xAI ahead of its IPO, with a combined valuation of $1.25 trillion, Bloomberg News reported on Monday, citing people familiar with the matter. ...

Palantir Technologies CEO Alex Karp defended the firm's surveillance technology as it reported a big jump in sales on Monday, saying it has safeguards to prevent government overreach, without mentioni... ...

OpenAI is unsatisfied with some of Nvidia's latest artificial intelligence chips, and it has sought alternatives since last year, eight sources familiar with the matter said, potentially complicating ... ...

Core Insights - Boeing and General Electric have identified a potential durability issue with a seal on the engine powering Boeing's 777X aircraft, which could impact the aircraft's performance and safety [1] Company Summary - Boeing is facing challenges related to the durability of a seal in the engine of its 777X aircraft, which may lead to further scrutiny and potential delays in the aircraft's delivery schedule [1] - General Electric, as the engine manufacturer, is involved in addressing the identified issue, which may affect its reputation and operational efficiency [1] Industry Summary - The aviation industry may experience implications from this durability issue, as it raises concerns about engine reliability and safety standards, potentially affecting consumer confidence and regulatory scrutiny [1] - The situation highlights the ongoing challenges faced by aircraft manufacturers and engine suppliers in ensuring product durability and compliance with safety regulations [1]

Group 1 - Apollo is acquiring a minority stake in The GoodLife Group, which is Canada's largest fitness club operator [1] - The acquisition was confirmed through a statement viewed by Reuters [1]

Core Viewpoint - Donerail Group has proposed an acquisition of MarineMax at a price of $35 per share, which would result in a valuation of over $1 billion for the superyacht service company [1] Company Summary - The acquisition offer from Donerail Group is an all-cash deal, indicating a strong commitment to the purchase [1] - MarineMax operates in the superyacht service industry, which is characterized by high-value transactions and specialized services [1]

Bitcoin investors liquidated $2.56 billion in recent days, according to data provider CoinGlass, as cryptocurrencies slumped following a sell-off in other risk assets, including equities and precious metals. ...

Core Viewpoint - Venezuelan state oil company PDVSA's workers and retirees are optimistic that recent oil-industry reforms, influenced by U.S. intervention, will enhance their purchasing power amid declining wages and pensions [1] Group 1: Impact of U.S. Intervention - The U.S. intervention last month is expected to catalyze reforms in the oil industry, which could lead to improved economic conditions for workers and retirees [1] - Workers and retirees are particularly hopeful that these reforms will address the erosion of their wages and pensions, which have been significantly affected by economic challenges [1] Group 2: Economic Conditions - The current economic situation in Venezuela has led to a decline in the purchasing power of PDVSA employees, prompting a demand for reforms to stabilize their financial conditions [1] - The anticipated reforms are seen as a potential solution to the ongoing financial struggles faced by those dependent on the oil industry for their livelihoods [1]

Banks expect demand for business loans across all categories to strengthen this year, a Federal Reserve survey showed on Monday, with most saying they expect lower interest rates and higher spending or investment needs will drive that trend. ...