Business - Page 105

United Auto Workers (UAW) members at General Motors’ Flint assembly plant in Michigan have narrowly rejected a proposed contract with the automaker, according to the local UAW chapter. This vote suggests that

Global hedge funds have significantly increased their bearish positions this week, reaching the highest level seen in nearly five years, according to a report from Goldman Sachs released on Friday. While the

Billionaire investor Ron Baron predicts that Elon Musk’s space exploration company, SpaceX, will reach a staggering valuation of approximately $500 billion by the year 2030. Baron, who himself holds more than $1

On Friday, Wall Street’s primary indices closed with significant gains, driven by robust performances from heavyweight technology and growth stocks, as Treasury yields stabilized. Investors were also looking ahead to next week’s

Hamilton Insurance Group (HG.N) achieved a valuation of $1.68 billion as its shares eked out a 1.7% gain in a lukewarm market debut on Friday, highlighting subdued investor interest in new listings.

British Finance Minister Jeremy Hunt has expressed optimism about the government’s strategy to combat inflation and stimulate economic growth. This comes in the wake of recent official data revealing that the UK’s

Spain’s Cellnex reported a significant improvement in its financial performance for the first nine months of the year. The company’s net loss narrowed to 198 million euros ($211.4 million), down from a

Allianz (ALVG.DE) reported a 30% decline in its net profit for the third quarter, primarily due to an increase in claims stemming from natural disasters. Despite this setback, the German financial services

Zimmer Biomet Holdings Inc (ZBH.N) has adjusted its annual revenue growth forecast downward due to the strengthening of the dollar, despite exceeding third-quarter profit expectations in its knee unit. In morning trading,