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
Super Micro Stock Drops Amid Lowered Outlook, Tariff Concerns
Super Micro Computer (SMCI) saw its stock drop nearly 6% midday Wednesday after the company revised its full-year revenue guidance for 2025, citing the ongoing economic uncertainty exacerbated by President Trump’s global
Disney’s Q2 Earnings Beat Expectations, Shares Rise 10%
Disney reported strong fiscal second-quarter results on Wednesday, surpassing Wall Street’s expectations with better-than-expected earnings and revenue growth. The company credited robust subscriber growth for its Disney+ streaming platform, which saw an
Apple and Alphabet Shares Drop After AI Search Remarks
Shares of Alphabet and Apple fell sharply on Wednesday after Eddy Cue, Apple’s services chief, made comments regarding the future of search engines in which he suggested that AI search engines could
Palantir Shares Drop 13% Despite Earnings Beat
Shares of Palantir Technologies (PLTR.O) fell by more than 13% on Tuesday, despite a solid earnings report and a raised revenue forecast. The decline came after the company exceeded revenue expectations but
Ford Beats Q1 Expectations but Suspends 2025 Guidance
Ford Motor exceeded Wall Street’s first-quarter expectations but suspended its 2025 financial guidance due to expected $2.5 billion in tariff-related costs, a move prompted by the ongoing impact of President Donald Trump’s
IBM Targets AI Growth with New Tools for Business
IBM is making a significant push into the crowded artificial intelligence (AI) field with new tools designed to help businesses manage fleets of AI agents for key applications. CEO Arvind Krishna highlighted
Skechers to be Acquired by 3G Capital for $63 Per Share
Skechers, the global footwear giant, has agreed to be acquired by private equity firm 3G Capital for $63 per share, marking the end of its nearly three-decade run as a public company.
Shell Considers BP Takeover Amid Falling Shares
Shell Explores Potential Acquisition of BP Shell is reportedly in discussions with advisers about the feasibility of acquiring rival oil giant BP. According to sources familiar with the matter, Shell has been
Airbnb Reports Q1 Earnings, Lowers Q2 Revenue Outlook
Airbnb Reports Mixed First-Quarter Earnings Airbnb’s first-quarter earnings were mostly in line with expectations, but the company issued a disappointing revenue forecast for the upcoming period, causing shares to decline more than
TikTok Fined €530 Million by E.U. Privacy Regulator
TikTok Faces Major Privacy Fine Over Data Protection Issues TikTok has been slapped with a €530 million ($600 million) fine by its lead E.U. privacy regulator, the Data Protection Commissioner (DPC) of