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
Disney’s $67 Billion National Economic Impact Report
For decades, Disney’s domestic theme parks have driven tourism, job creation, and tax revenue in Southern California and Central Florida. On Thursday, the company revealed its broader impact on the U.S., reporting
Kimberly-Clark Partners with Suzano in Tissue Business
Kimberly-Clark (KMB) announced on Thursday a partnership with Brazilian pulp and paper producer Suzano (SUZ) to jointly manage Kimberly-Clark’s international tissue and paper products business. Under the terms of the agreement, Kimberly-Clark
P&G to Cut 7,000 Jobs in Restructuring Amid Trade Challenges
Procter & Gamble (P&G) announced plans to cut 7,000 jobs, or 15% of its non-manufacturing workforce, as part of a broader two-year restructuring program. This move comes as the company faces rising
Citigroup Ends Firearm Banking Restrictions After Seven Years
Citigroup has announced the end of a policy that had restricted how it provided banking services to firearm manufacturers, sellers, and resellers. The decision marks the conclusion of a seven-year policy introduced
Akio Toyoda Leads $33 Billion Buyout of Toyota Industries
In a strategic move to strengthen the Toyoda family’s control over Japan’s biggest business empire, Akio Toyoda, chairman of Toyota Motor Corp., is leading a group that has agreed to privatize Toyota
Meta and Constellation Energy Secure Long-Term Nuclear Deal
Meta Platforms has announced its first deal with a nuclear power plant, agreeing to partner with Constellation Energy to keep its Illinois-based Clinton Clean Energy Center operating for another 20 years. The
New U.S. Export Restrictions Target China, Raising Concerns
The United States has imposed new export restrictions on companies, preventing them from shipping certain products to China without a license. This move, which includes products like electronic design automation (EDA) software,
Best Buy Slashes Guidance as Tariffs Weigh on Earnings
Best Buy (BBY) investors woke up to disappointing news on Thursday as the retailer reported mixed earnings and lowered its forecast for 2025, citing the ongoing impact of tariffs. Shares plunged nearly
Citi Increases Dell Target to $128, Keeps Buy Rating
Citi analyst Asiya Merchant recently increased the price target for Dell Technologies Inc. (NYSE: DELL) to $128 from $105, while maintaining a Buy rating on the stock. This adjustment is part of
Gap Faces $300 Million Hit from Trump’s Tariffs
Gap announced Thursday that the tariffs imposed by President Donald Trump on China and other countries will cost the retailer between $250 million and $300 million this year. The company, which owns