Japanese carmaker Nissan has said it will cut another 11,000 jobs globally and shut seven factories as it shakes up the business in the face of weak sales. Falling sales in China and heavy discounting in the US, its two…
Author: John Freddy
John Freddy
John Freddy is a highly respected economist, columnist, and news writer with an accomplished career that began in 1982. Over the past four decades, he has been a prominent voice in financial journalism, delivering in-depth coverage and analysis of the stock market, including major indices like the NYSE, Nasdaq, S&P 500, and DJIA. John is also known for his expertise in commodities, focusing on key sectors such as oil, energy, food, gas, and consumer markets.
Rite Aid filed for bankruptcy protection Monday for the second time, less than a year after the embattled drugstore chain emerged from Chapter 11 as a private company. Rite Aid said in a news release that it’s looking for a buyer and…
Apollo Global Management (NYSE: APO) says it is directing over $100 billion of capital into industries reshaped by trade friction. In a Q2 2024 investor briefing, the firm highlighted a multibillion-dollar allocation across private equity, credit and infrastructure to capitalize on…
Chicago, May 2025 – Conagra Brands has agreed to sell its Chef Boyardee canned pasta business to private equity firm Pinnacle Partners for $600 million in cash. The deal – expected to close in Q1 of fiscal 2026 – transfers an iconic, 97-year-old…
When Walt Disney Animation Studios opened its Vancouver production facility in 2021, the first project it took on was the series adaptation of Moana, which later became the more than $2 billion feature-film box office hit Moana 2. This development served as…
The European Union fined Apple and Meta hundreds of millions of dollars last week. The European Commission has fined Apple €500m (£429m) and Meta €200m for breaking rules on fair competition and user choice, in the first penalties issued under one of the EU’s landmark internet…
In an extraordinary on-air rebuke, one of the top journalists at “60 Minutes” directly criticized the program’s parent company in the final moments of its Sunday night CBS telecast, its first episode since the program’s executive producer, Bill Owens, announced his…
Johnson & Johnson has shifted its generative AI strategy away from broad experimentation across the healthcare conglomerate to a more focused approach.Chief Information Officer Jim Swanson said the move ensures that the company allocates resources only to the highest-value generative AI use cases,…
Dr. Abdul El-Sayed, a progressive former public health official from Ann Arbor, joined the Michigan Senate race on Thursday, casting himself as a populist fighter eager to mount a muscular opposition to the Trump administration. Dr. El-Sayed, a former health…
Andrea Gilbert thought she knew what would happen to her brain. The 79-year-old retired attorney, who has Alzheimer’s disease and receives care at Harborview Medical Center in Seattle, agreed to donate it for research in 2023. She hoped to help…
