A $70 million furniture manufacturing plant planned by SBA Home, a Lithuanian company that produces furniture for IKEA, will bring 250 new jobs to Mocksville, North Carolina, thanks to significant state and local incentives. The North Carolina Economic Investment Committee approved a $1.4 million job development investment grant, to be distributed over the next 12 years, while Mocksville and Davie County contributed $800,000 in incentives to support the project.
Japanese auto giants Honda Motor and Nissan Motor are reportedly set to begin negotiations toward a merger, aiming to combine resources and strengthen their position against global electric vehicle (EV) competitors.
Bitcoin reached a record price of $100,000 on Wednesday, marking an extraordinary milestone for the once-niche digital currency. The achievement underscores Bitcoin’s evolution from an experimental asset dismissed by Wall Street into a central player in global finance.
The Bank of Russia announced that it will suspend foreign currency purchases in order to "reduce the volatility of financial markets," Reuters reported.
Nearly 60 conservative asset managers, state treasurers, and nonprofit organizations issued an open letter to more than 1,000 U.S. CEOs, demanding that they disclose their diversity, equity, and inclusion (DEI) policies.
Investment management firm BlackRock has purchased an Australian blood processing facility and a pharmaceutical lab alongside fund manager Wentworth Capital.
Jack Hollis, Toyota’s North American Chief Operating Officer (COO), said that policies surrounding electric vehicles (EVs) are not working with consumer demand.
