Rob Sabo
Author
Rob Sabo has worked as a business journalist for more than two decades and covers a broad range of business topics for The Epoch Times.
LATEST
BMW Recalls 318,000 Vehicles, Says Overheated Starter Could Cause Engine Fire
The recall extends an earlier NHTSA recall issued on Jan. 30 that involved faulty engine starters in 87,394 automobiles.
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T-Mobile Says Customer Attrition Likely to Increase Next Quarter Due to Plan Migration
The company’s shares closed down nearly 15 percent on July 23.
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Icahn Enterprises Agrees to Sell Pep Boys to Mavis in $700 Million Deal
Pep Boys operates nearly 800 locations in the United States and Puerto Rico.
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GM Ramps Up Investments to Move Production Back to US, Introduces New Gas-Powered Cadillacs
The company raised its full-year 2026 earnings forecast on strong second-quarter results, led by pickup sales.
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Buyers Trading in Vehicles With Negative Equity Face Record Monthly Payments: Edmunds
Nearly 30 percent of U.S. auto trade-ins had negative equity in the second quarter.
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UnitedHealth Group Reports Strong 2nd-Quarter Earnings, Lifts Full-Year Guidance
The insurer is undergoing a broad organizational turnaround that was launched in 2025 to strengthen its operations.
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26 Employees Sue Meta, Allege Unfair AI Selection for Layoffs
The suit alleges Meta’s AI algorithms failed to account for protected leaves and disproportionately scored workers on leave.
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Global Smartphone Shipments Hit 13-Year Low in 2nd Quarter Amid Memory Chip Shortage
Samsung nabbed the top spot in shipments, while Apple’s share of global smartphone shipments reached 20 percent for the first time, a Counterpoint report shows.
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IBM Shares Plunge After Warning of Worse-Than-Expected Earnings
The company attributed the weak quarterly results to disappointing performance of its flagship z17 artificial intelligence mainframe program.
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