Starlink Becomes SpaceX’s Profit Engine
The Growth Story Behind The IPO SpaceX is best known for reusable rockets and its high-profile push into artificial intelligence through its merger with xAI. But as Elon Musk’s company prepares investors
Schlitz Beer Retired After 177 Years
A Milwaukee Icon Reaches Its End Schlitz beer, one of Milwaukee’s most historic brands and once the largest brewer in America, is being retired after 177 years. Pabst Brewing Company, which owns
Meta Layoffs Deepen AI Workforce Anxiety
A Different Tone From Zuckerberg Meta is preparing another major round of job cuts, but the message from the top is different from the one employees heard during the company’s first post-pandemic
Berkshire Earnings Dip Amid Tariff Uncertainty
Q2 operating profit falls as insurance weakens Berkshire Hathaway reported a 4% drop in second-quarter operating earnings, totaling $11.16 billion. The decline was primarily driven by weaker insurance underwriting results, though other
Moderna Cuts Outlook as COVID Vaccine Sales Plunge 41%
Spikevax sales slump while seasonal demand delays revenue Moderna reported a 41% decline in quarterly sales, down to $114 million from $241 million a year earlier. The sharp drop is attributed to
Moderna to Cut 10% of Workforce Amid Declining Sales
Vaccine Market Pressures Force Restructuring Moderna announced Thursday that it plans to reduce its global workforce by approximately 10% before the end of the year. The company, which had around 5,800 full-time
Microsoft Hits $4 Trillion Milestone on Cloud Momentum
Strong Earnings and AI Confidence Fuel Market Surge Microsoft reached a major financial milestone on Thursday as its market capitalization surpassed $4 trillion, joining Nvidia as one of only two publicly traded
Union Pacific Seeks $85B Merger With Norfolk Southern
Transcontinental Rail Giant in the Making Union Pacific has proposed an $85 billion acquisition of Norfolk Southern, a landmark deal that would create the first U.S. transcontinental freight railroad. The merger would
Boeing Cuts Losses as Aircraft Deliveries Surge
Strongest Quarter for Deliveries Since 2018 Boeing reported a significant improvement in its second-quarter performance, with the company delivering 150 aircraft — its highest since 2018 — and reducing losses compared to
Starbucks Sees Sales Slide, But CEO Signals Turnaround
Same-Store Sales Decline for Sixth Straight Quarter Starbucks reported a 2% global same-store sales drop in its fiscal third quarter, marking the sixth consecutive quarterly decline. Despite that, CEO Brian Niccol remains
Volkswagen Cuts Forecasts After $1.5B Tariff Blow
Trade War Hits VW’s Bottom Line Volkswagen reported a €1.3 billion ($1.5 billion) first-half hit from U.S. tariffs, prompting the German automaker to slash its 2025 full-year sales and profit margin forecasts.
Intel Shares Plunge After Foundry Strategy Shakeup
Strong Earnings Overshadowed by Manufacturing Uncertainty Intel’s stock tumbled more than 8% on Friday, despite better-than-expected second-quarter earnings. The sharp decline came as investors reacted to the company’s plan to slash foundry
Nvidia Responds to Smuggling Claims, Defends Chip Policy
Unauthorized Chip Use in China Sparks Firm Rebuke Nvidia issued a strong statement denouncing the illegal use of its chips in Chinese data centers, calling it a “losing proposition” for companies trying