Stellantis, the company behind Chrysler and Jeep, plans to reopen a factory in Illinois and increase production in the United States to mend relations with the U.A.W. and the Trump administration. The move comes under interim management following the resignation of CEO Carlos Tavares, with a commitment to invest in U.S. operations and create American jobs. The company will produce a new pickup truck in Belvedere, rehire 1,500 union workers, and continue production of the Dodge Durango in Detroit, addressing concerns about potential moves to Mexico and securing investments in Ohio and Indiana plants.
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This Is, Officially, the 3rd Priciest Stock Market in Over 150 Years — and There's No Mistaking What Comes Next for Stocks, Based on History
Investors have faced significant volatility in the first seven months of the year, highlighted by the S&P 500's steepest two-day decline since 1950 and the Nasdaq entering a bear market for the first time in three years. However, since April 8, both indexes have rebounded to record highs, while the Dow Jones Industrial Average approaches its first all-time high since December, suggesting a strong bull market despite historical caution. Want More Context? 🔎
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