State Kentucky Financial News

The venture capital arms of General Motors and Stellantis are among investors sinking $33 million into a Minnesota company with technology to make magnets for electric vehicle motors without using expensive rare-earth metals

By Gabriella Borter

By Joseph Ax

Japanese automaker, Toyota Motor Corp. (NYSE:TM) announced that they are recalling 1.9m RAV4 compact SUVs in the US due to a defect that could potentially lead to a fire.

Gov. Andy Beshear says the second of two workers trapped under a coal mine preparation plant that collapsed earlier this week in eastern Kentucky has died

Crews began the arduous process of removing layers of rubble and debris from a collapsed coal mine preparation plant in eastern Kentucky Thursday

(Reuters) — The collapse of an idle coal-sorting building in Kentucky killed one man and trapped another man under the rubble, authorities said on Wednesday.

Toyota will invest an additional $8 billion in the hybrid and electric vehicle battery factory it’s constructing in North Carolina

Waystar, which was set to launch its initial public offering (IPO) roadshow to pitch investors this week, has now delayed it until at least December, the Wall Street Journal reported on Tuesday. Reuters reported in August that Louisville, Kentucky-based Waystar was eyeing an IPO that could value the company at as much as $8 billion, including debt. The company will likely wait until 2024, the Journal's report added, citing people familiar with the matter. Waystar did not immediately comment on the report. Waystar, which provides software that helps hospitals and clinics manage their finances, has said it intends to list its common stock on the Nasdaq under the symbol «WAY». The company was formed in 2017 through the merger of Navicure and ZirMed. The company develops payment software helping clients such as large hospital systems with the collection of bills from patients. Waystar made its IPO filing public in October after confidentially filing it in August, joining a wave of new listings that followed a months-long dry spell wrought by high interest rates and fears of a recession. Still, hopes of the new listings — including those of chip designer Arm, and grocery delivery app Instacart — buoying the IPO market were dashed after the stocks fell below their IPO price soon after debut. Earlier this month, Birkenstock's shares ended more than 12% below its IPO price in an underwhelming Wall Street debut that signaled investors remain cautious about new listings. Waystar was valued at $2.7 billion when EQT and CPPIB acquired a majority stake in the company in 2019 from Bain Capital, which stayed on as a minority investor.

Ford has reported significant growth in the third quarter, although its financial results fell short of Wall Street estimates

Comodo Motors general manager Jordan Baker joins The Big Money Show to discuss the impact on auto dealers and car buyers from the ongoing UAW strike.

last tour, named "The Long Goodbye." They will be joined by Steely Dan, also esteemed members of the Rock and Roll Hall of Fame. The tour is set to commence on September 7 at Madison Square Garden in New York. The group expressed gratitude to their management team, road crew, and backup musicians for unwavering support during the years. The tour will include Don Henley, Joe Walsh, Timothy B. Schmit, Vince Gill, and Deacon Frey, with a commitment to accommodate audience demand. The addition of six new dates between January 19 and March 13 next year was also announced. Pre-sale for these dates begins on November 1, with general on-sale on November 3 at 10 a.m. local time.

First it was Ford, then Stellantis, and now a General Motors factory has been added to the growing list of highly profitable plants where the United Auto Workers union is on strike

The United Auto Workers union has once again escalated its strikes against Detroit Three automakers, this time adding a factory that makes Ram pickup trucks for Stellantis

Mitch McConnell, the Senate Minority Leader, has stated that he is fully recovered and back to work after experiencing two public incidents that raised questions about his health. At 81 years old, McConnell, who has served as a Kentucky senator since 1985 and held various leadership roles in the Senate, addressed these concerns on «Face the Nation.» Skepticism surrounding his health emerged when McConnell abruptly stopped speaking during news conferences in July and August, appearing disoriented. This led to inquiries about his recovery from a spring concussion.

United Auto Workers President Shawn Fain said Friday that while Detroit’s automakers have increased their wage and benefit offers, he believes the union can gain more if it holds out longer in its contract talks

Comodo Motors general manager Jordan Baker joins 'The Big Money Show' to discuss the impact on auto dealers and car buyers from the ongoing UAW strike.

(Reuters) — Ford Motor (NYSE:F) said late on Wednesday it is laying off another 150 workers in Michigan because of the ongoing United Auto Workers strike, bringing the total to 2,730 workers furloughed.

Ford Motor Co. Executive Chairman Bill Ford has called on autoworkers to come together and end a monthlong strike that he says could cost the company the ability to invest in the future

Comodo Motors general manager Jordan Baker joins The Big Money Show to discuss the impact on auto dealers and car buyers from the ongoing UAW strike.

Comodo Motors general manager Jordan Baker joins The Big Money Show to discuss the impact on auto dealers and car buyers from the ongoing UAW strike.