An LG Energy Solution Co. battery cell at the InterBattery exhibition in Seoul, South Korea, on Wednesday, March 5, 2025. SeongJoon Cho | Bloomberg | Getty Images Shares of LG Energy Solution surged as much as 16.56% Thursday after its U.S. unit secured a deal to supply battery cells for DTE Energy‘s storage projects in Michigan. The eight … Read more
American consumers have been pessimistic for so long that now economists are wondering when — or even if — households will ever feel financially better off. The University of Michigan Surveys of Consumers, a closely-watched bellwether, hit all-time lows in May, according to a preliminary reading released last week. That is just one of several … Read more
DETROIT — An ominous email about an oddly timed 15-minute virtual meeting. A scripted message from human resources. And an abrupt end to that meeting, as well as their job. That’s how several General Motors employees who were laid off Monday by the Detroit automaker described their jobs being terminated to CNBC. “No appreciation or … Read more
Kite aerial of Brant Point and harbor and Coatue, Nantucket, MA. J. Greg Hinson, Md, Www.ackdoc.com | Moment | Getty Images The tiny island of Nantucket, Massachusetts, is home to some 14,000 year-round residents. Joining their ranks will cost you at least $1 million, according to a new list of luxury housing markets by Realtor.com. … Read more
A sign of Swiss pharmaceutical giant Novartis is seen on the top of a building at Novartis Campus in Basel on Sept. 9, 2025. Fabrice Coffrini | AFP | Getty Images Novartis, one of the world’s largest pharmaceutical companies, and Genentech, a major biotech firm, say they’ve uncovered a “dangerous scheme” to import their allergy … Read more