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
Chipotle Slashes Sales Outlook Amid Traffic Decline
Second Consecutive Forecast Cut as Consumer Visits Drop Chipotle Mexican Grill has lowered its outlook for same-store sales in 2025, expecting flat growth instead of the modest increase it previously anticipated. The
CN Lowers Forecast as Trade Uncertainty Clouds Outlook
Rail Giant Withdraws Multi-Year Guidance, Cites Tariff Disruption Canadian National Railway has pulled its long-term financial guidance, citing persistent uncertainty around tariffs and international trade. The Montreal-based company reported modest profit growth
7-Eleven Owner Rebuts Couche-Tard’s Failed Deal Claims
Seven & i Accuses Couche-Tard of Misrepresenting Negotiations The parent company of 7-Eleven, Seven & i Holdings, has issued a firm response to Couche-Tard’s explanation for the breakdown of their takeover negotiations.
Uber, Lucid and Nuro Launch Global Robotaxi Program
New Alliance Aims to Deploy 20,000 Robotaxis Uber has announced a major expansion into autonomous mobility by partnering with electric vehicle maker Lucid and self-driving tech firm Nuro to launch a next-generation
Wells Fargo Halts China Travel After Staff Exit Ban
Banker Barred from Leaving Sparks Travel Freeze Wells Fargo has suspended all business travel to China after one of its senior bankers, Chenyue Mao, was blocked from leaving the country, according to
Bank of America Beats Q2 Estimates as Trading Revenue Surges
Strong Markets, Higher NII Lift Earnings Bank of America reported second‑quarter net income of $7.1 billion, or $0.89 per share, exceeding analysts’ forecast of $0.86. The upside came from record sales‑and‑trading revenue and
Netflix Earnings Set to Test Valuation Hype
Revenue and Profit Expected to Show Strong Growth Netflix is scheduled to release its second-quarter earnings report after market close on Thursday, amid high expectations and a 40% year-to-date stock rally. Wall
ASML Forecasts Uncertain 2026 Despite Q2 Beat
Revenue and Profit Beat Expectations in Second Quarter ASML reported stronger-than-expected results for the second quarter, surpassing analyst estimates in both revenue and profit. The Dutch semiconductor equipment maker posted net sales
Nissan to Shut Down Historic Oppama Plant by 2028
Production Shifts to Kyushu Amid Major Cost-Cutting Plan Nissan Motor Corp. announced it will shut down its iconic Oppama plant in Kanagawa Prefecture by the end of the 2027 fiscal year, with
Starbucks Expands Office Mandate to Four Days a Week
Corporate Staff Face October Return or Exit Offer Starbucks has informed its corporate workforce that they will be required to return to the office four days per week starting in October. The