General Motors Shares Fall After Offering Its US Employees Paid Voluntary Separation

According to a statement addressed to staff Thursday by CEO Mary Barra, General Motors (NYSE: GM) will offer voluntary buyouts to a “majority” of its 58,000 U.S. white-collar employees in order to eliminate $2 billion in structural expenses over the next two years. The “Voluntary Separation Program” (VSP) will be available to all salaried employees […]

Canada’s Economy Continues to Add Jobs Despite High Interest Rates

For the third consecutive month, Canada’s economy added more jobs than economists’ forecasts, solidifying an already-tight labour market that fails to show signs of easing despite rising interest rates. Latest figures from Statistics Canada showed that businesses hired another 22,000 workers in February, following increases of 69,000 and 150,000 in December and January, respectively. The […]

Mexican Cartel Is Sorry For American Deaths, Surrender Five “Rogue” Members

To show how deeply they regret what happened last Friday that ended with the kidnapping and killing of 4 US nationals in Mexico, the drug cartel blamed responsible for the crime surrendered 5 of their members “who acted on their own.” US and Mexican authorities have been seeking four Americans who were kidnapped last Friday […]

What’s Driving the Price of Oil Down? — With Will Rhind

For today’s episode of the Daily Dive, we see the return of Will Rhind, Founder & CEO of GraniteShares. Will joins us this afternoon to share his insights on some of the week’s biggest stories such as interest rates, Biden’s billionaire tax proposal, oil prices, US-China relations, and gold. We close out the interview with […]

US Unemployment Rate Unexpectedly Rises

Latest data from the Bureau of Labour Statistics shows that job creation in the US is still as robust as ever, despite the Federal Reserve’s strong efforts to tame inflation and slow down an overheated economy. February’s nonfarm payrolls jumped by 311,000, significantly above Dow Jones estimates calling for an increase of 225,000. The unemployment […]

Silicon Valley Bank Shut Down By California Regulator

It appears we’ve reached the end of the line for Silicon Valley Bank (NASDAQ: SIVB), who was halted at the open this morning prior to trading during regular market hours. The Federal Deposit Insurance Corporation this morning issued a release, indicating that the bank has been shut down by the California Department of Financial Protection […]

Georgia Withdraws “Foreign Agents” Bill After Massive Protests Stormed Parliament

Georgia’s ruling Georgian Dream Party has officially withdrawn the proposed “foreign agents” bill after tens of thousand of citizens protested at the country’s capital, Tbilisi. The much-criticized legislation was feared to drive a much larger divide between the Caucasian nation and Europe. The latest protest took place on Wednesday, a day after the law was […]

Robot Lawyer DoNotPay Is Being Sued For Being A Robot And Not A Lawyer

DoNotPay Inc, which touts itself as “the world’s first robot lawyer” and claims to utilize artificial intelligence to assist consumers, is facing a new lawsuit from a major plaintiffs’ law firm, which claims the company is practicing law without a license. Jonathan Faridian of Yolo County filed a case in San Francisco Superior Court on […]