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
Jeff Bezos Plans to Sell $4.8 Billion in Amazon Shares
Bezos to Sell 25 Million Shares Over the Next Year Amazon founder Jeff Bezos has announced plans to sell up to 25 million shares of the company over the next year, according
Tesla Denies CEO Succession Plans Amid Leadership Struggles
Tesla Rejects Report on CEO Succession Search Tesla’s chair, Robyn Denholm, has vehemently denied a Wall Street Journal report that the company’s board was searching for a new CEO to replace Elon
Kohl’s Fires CEO After Less Than Five Months on the Job
CEO Ashley Buchanan Fired Over Unethical Behavior Kohl’s has terminated CEO Ashley Buchanan after just five months in the role, citing unethical behavior. Buchanan’s dismissal, labeled “for cause,” followed an investigation by
McDonald’s Strategy Shows Signs of Recovery in Q2
McDonald’s Faces Early Struggles Amid Economic Concerns McDonald’s experienced a challenging first quarter, with same-store sales showing a decline in the U.S. due to a weak start to the year and broader
Starbucks to Hire More Baristas, Scale Back Automation
Starbucks is taking a new approach under CEO Brian Niccol, who joined the company in September 2024, in a bid to turn the chain around. The company plans to hire more baristas,
Rising Tariffs Hit U.S. Shoppers on Temu and Shein
Consumers are feeling the pinch as U.S. tariffs imposed by President Donald Trump on Chinese goods are pushing up prices on popular e-commerce platforms like Temu and Shein. Rena Scott, a retired
Adidas Warns of Price Hikes Due to U.S. Tariffs
Sportswear giant Adidas announced on Tuesday that U.S. President Donald Trump’s tariffs would result in cost hikes for all its U.S. products. The company noted that while it does not yet know
JetBlue Plans Partnership with Larger U.S. Airline
JetBlue Airways is preparing to announce a partnership with a U.S. airline with a larger network in the coming weeks, according to the carrier’s president, Marty St. George. One possibility for this
Pfizer CEO Discusses Impact of Trump’s Pharmaceutical Tariffs
Pfizer CEO Albert Bourla voiced concerns on Tuesday about the uncertainty surrounding President Donald Trump’s planned pharmaceutical tariffs, which are deterring the company from increasing investments in U.S. manufacturing and research and
HSBC Reduces Stake in BOCOM, Facing $1.6 Billion Loss
HSBC announced on Tuesday that it would reduce its stake in Bank of Communications (BOCOM) to about 16%, down from 19.03%. This change follows BOCOM’s fundraising through a private placement of shares,