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
JPMorgan Rebrands DEI Program Amid Policy Shifts
From “Equity” to “Opportunity” JPMorgan Chase (JPM.N) is making significant changes to its Diversity, Equity, and Inclusion (DEI) initiatives, including a rebranding to Diversity, Opportunity, and Inclusion (DOI). Chief Operating Officer Jenn
SoftBank to Acquire Ampere Computing for $6.5 Billion
Deal Expands AI and Semiconductor Investments SoftBank Group announced on Wednesday that it will acquire Ampere Computing, a semiconductor startup specializing in Arm-based server chips, for $6.5 billion. The Japanese conglomerate expects
Nike Faces Challenges as Tariffs and Weak Spending Cloud Earnings
Analysts Expect Modest Q3 Results Nike is set to report its fiscal third-quarter earnings after the market close on Thursday. As the world’s largest sneaker company navigates economic uncertainty, analysts have lowered
Ben & Jerry’s Sues Unilever Over CEO Removal and Censorship
Escalating Dispute Between Ice Cream Brand and Parent Company Ben & Jerry’s has filed a new lawsuit against Unilever, accusing the conglomerate of unlawfully removing its CEO and censoring its social media
Boeing Shares Surge as Japan Airlines Expands 737-8 Order
Japan Airlines Adds 17 More Boeing 737-8 Jets Boeing (BA) stock surged on Wednesday, leading S&P 500 gainers after Japan Airlines announced an additional order of 17 Boeing 737-8 aircraft. This follows
Samsung Halts Investment in Mexico Amid Tariff Concerns
Samsung Cancels Expansion Plans Over Economic Uncertainty Samsung has decided to suspend future investments in Mexico due to growing economic uncertainty fueled by President Donald Trump’s proposed tariffs, according to multiple media
PepsiCo Acquires Prebiotic Soda Brand Poppi for $2 Billion
PepsiCo announced Monday that it is acquiring prebiotic soda brand Poppi for nearly $2 billion, as it moves to capitalize on the growing demand for functional beverages. While overall soda consumption has
Forever 21 Files for Bankruptcy Again, Blames Shein & Temu
Fast-fashion retailer Forever 21 has filed for bankruptcy protection for the second time in six years, citing competition from Shein and Temu as key factors in its collapse. The company’s U.S. operations
FTC Says Amazon Trial Will Proceed as Planned
The U.S. Federal Trade Commission (FTC) confirmed Wednesday that it does not need to delay its September trial against Amazon (AMZN.O), reversing an earlier claim that resource shortfalls due to government cost-cutting
Dollar General Reports Mixed Q4 Results, Plans Store Closures
Dollar General (DG) on Thursday posted fiscal fourth-quarter revenue that slightly exceeded Wall Street estimates, though profit took a hit due to a store portfolio review. Store Closures and Strategic Shift As