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
Indeed and Glassdoor Cut 1,300 Jobs Amid AI Shift
Recruit Holdings Moves Toward AI-Driven Operations Recruit Holdings, the Japanese parent company of job platforms Indeed and Glassdoor, is laying off around 1,300 employees as it accelerates its adoption of artificial intelligence.
Kraft Heinz Plans $20B Grocery Business Spinoff
Strategic Move Aims to Unlock Shareholder Value Kraft Heinz is preparing to spin off a significant portion of its grocery business, potentially creating a standalone entity worth up to $20 billion, according
MP Materials Soars After Pentagon Rare Earths Deal
U.S. backs domestic magnet supply with $400M investment MP Materials announced a landmark agreement with the U.S. Department of Defense (DoD) on Thursday to significantly expand domestic production of rare earth minerals.
Ferrero Buys WK Kellogg in $3.1 Billion Mega Deal
Iconic cereal and candy brands unite amid inflation pressure Ferrero, the Italian confectionery giant behind Nutella and Ferrero Rocher, has struck a $3.1 billion deal to acquire WK Kellogg, the legacy cereal
Tesla Faces Deepening Crisis Amid Musk’s Political Turn
Slowing sales, profit threats, and political backlash hit hard Tesla is facing one of its most precarious moments in years, as financial pressures mount and CEO Elon Musk’s political involvement adds a
Apple Promotes Sabih Khan to Chief Operating Officer
30-year veteran to succeed Jeff Williams in key leadership role Apple has named Sabih Khan as its new chief operating officer, marking a key leadership shift within the company’s senior executive team.
Honeywell Plans Review of Logistics Units Before Split
Strategic options considered for $2B revenue businesses Honeywell announced Tuesday it is exploring strategic alternatives for two of its logistics-related businesses as it prepares for a planned three-way corporate split. The move
Southwest CEO Explains Changes and His In-Flight Habits
Bob Jordan says working with crew keeps him grounded Southwest Airlines CEO Bob Jordan prefers to fly in a vest, not a suit — and for good reason. In a recent interview
CoreWeave to Acquire Core Scientific in $9B AI Deal
AI infrastructure firm targets energy assets CoreWeave has agreed to acquire data center operator Core Scientific in an all-stock deal valued at approximately $9 billion, aiming to fast-track its expansion into AI
Air France-KLM to Take Control of SAS by 2026
Franco-Dutch carrier to boost stake to 60.5% amid broader consolidation push Air France-KLM plans to increase its stake in Scandinavian airline SAS from 19.9% to 60.5%, marking a major step in its