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
Microsoft Cuts 9,000 Jobs, Trims Xbox and Sales Teams
Layoffs target gaming and global divisions as AI investments climb Microsoft is laying off approximately 9,000 employees, marking its largest round of job cuts in over two years. The move, which affects
UPS Offers Driver Buyouts, Sparking Union Backlash
Teamsters call the move illegal as UPS seeks to cut 20,000 jobs UPS has announced voluntary buyouts for unionized delivery drivers for the first time in its history, a move aimed at
Luxury Jewelry Shines as Other Sectors Falter
U.S. luxury spending dips despite post-election optimism The luxury retail sector entered 2025 with high hopes following strong holiday sales and renewed optimism after the U.S. election. Yet new data from Citigroup
Home Depot to Buy GMS in $4.3B Deal to Target Pros
Acquisition sharpens focus on professional contractors Home Depot announced Monday that it will acquire GMS, a major distributor of building products, in a $4.3 billion deal aimed at expanding its reach among
Walmart Tests ‘Dark Stores’ to Speed Up Online Orders
Miniature fulfillment centers aim to rival Amazon’s delivery power Walmart has quietly launched a new type of store in Dallas—but you won’t be able to shop there. These “dark stores,” designed solely
SEG Solar CEO Urges Congress to Save U.S. Solar Jobs
Jim Wood warns tax credit cuts threaten clean energy and local workers Jim Wood, president and CEO of SEG Solar Inc., has penned a public letter to Senator Thom Tillis of North
U.K. Auto Production Hits 75-Year Low Amid Trade Headwinds
Trump tariffs and EU export declines drive sharp drop in May output The U.K.’s automotive industry continues to suffer under mounting trade pressures, with new data showing a dramatic 32.8% drop in
Xiaomi Unveils YU7 SUV to Undercut Tesla in EV Price War
New electric vehicle promises longer range, advanced AI, and a lower price Chinese tech giant Xiaomi is intensifying its push into the electric vehicle market with the launch of its new YU7
Nike Sees Profit Hit Bottom as Turnaround Costs Peak
Sales decline 12% but beat estimates; margins pressured by inventory strategy Nike reported fourth-quarter results on Thursday that slightly beat Wall Street expectations, despite marking the company’s sharpest profit drop in years.
FedEx Surpasses Q4 Forecasts, Cuts Set to Continue
Shipping Giant Plans $1B in New Reductions After Hitting $4B Target FedEx closed its fiscal year with stronger-than-expected earnings and revenue, but investor enthusiasm was muted as the company’s outlook for the