Lourenco Goncalves, the President and CEO of Cleveland-Cliffs, has called Northeast Ohio home for over a decade, leading the Cleveland-based steel company since 2014. However, if his ambitious bid to acquire US Steel succeeds, Goncalves has announced he will relocate out of state, to Pittsburgh. During a nearly two-hour news conference in Western Pennsylvania on
PPI December Data: Wholesale prices rose less than expected in December, providing a positive signal for the economy amid concerns that inflation is not decreasing as quickly as the Federal Reserve had hoped to reach its 2% target. The Bureau of Labor Statistics released its producer price index (PPI) report on Tuesday, revealing that wholesale
The Most Important Inflation Reading in Years: Investors are gearing up for a crucial inflation report this Wednesday, as December’s Consumer Price Index (CPI) data could significantly impact market expectations. The report could either reinforce the view that the Federal Reserve will keep rates steady throughout 2025, or potentially spark concerns of further rate hikes.
Walmart Reveals New Logo After Nearly Two Decades: Walmart has unveiled a fresh new logo in its first major brand refresh in nearly two decades. This updated logo, revealed on Monday, highlights the retailer’s evolution while nodding to its legacy and founder Sam Walton’s vision. As the company adapts to meet the needs of today’s
Capital One is facing a lawsuit from the U.S. government’s Consumer Financial Protection Bureau (CFPB) for allegedly “cheating millions of consumers” by not paying more than $2 billion in interest to holders of its high-interest savings accounts. The case centers around the bank’s management of its “360 Savings” accounts, which the CFPB claims were unfairly
Blue Origin’s New Glenn Rocket Readies for Liftoff: Blue Origin’s New Glenn rocket, one of the most anticipated developments in space exploration, is gearing up for its maiden voyage, marking a monumental step for both the company and the broader space industry. Designed to rival the likes of SpaceX’s Falcon 9, New Glenn aims to
Kohl’s to Shut Down 27 Underperforming Stores by April 2025: Kohl’s, the Wisconsin-based retailer, has announced plans to close 27 underperforming stores by April 2025. The move comes as part of the company’s ongoing transformation efforts, driven by declining sales. The company has communicated with employees at the affected locations, offering them competitive severance packages
Maruti Swift 2025 Launch: The Maruti Swift has earned its reputation as a popular hatchback in India, known for its sporty design, impressive fuel efficiency, and practicality. With the 2025 model, Maruti Suzuki has further elevated the Swift’s appeal with significant updates that make it even more attractive to a diverse range of buyers. This
Yamaha R15 V5 Launch 2025: The Yamaha R15 has long been a favorite in the entry-level sports bike category, renowned for its performance, handling, and sleek design. Now, the upcoming Yamaha R15 V5 is set to raise the bar even higher. With more power, advanced technology, and a modernized look, the R15 V5 will appeal
Kawasaki Ninja H2 Hybrid: Kawasaki has boldly stepped into the future of motorcycling with the release of the Ninja H2 Hybrid. This groundbreaking model takes the high-performance prowess of the legendary Ninja H2 and blends it with the eco-friendly benefits of hybrid technology. The result? A sportbike that delivers both exhilarating power and enhanced efficiency,