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
Spirit Airlines Exits Bankruptcy, Eyes New Growth
Discount carrier Spirit Airlines (SAVEQ) has emerged from bankruptcy protection, finalizing a debt restructuring plan aimed at restoring profitability and strengthening its position in the competitive airline industry. Restructuring for a Stronger
Deutsche Bank Flags Auto Sector as Key Risk
Deutsche Bank warned on Thursday that the auto sector poses a growing risk to its portfolio, citing potential U.S. tariffs, economic challenges, slow EV adoption, and competition from China. Auto Sector Under
Volkswagen and Stellantis Avoid Tariffs While BMW Faces Levies
Automakers Volkswagen and Stellantis have confirmed that their North American-made vehicles will be exempt from U.S. President Donald Trump’s newly imposed 25% tariffs. Meanwhile, BMW has stated that it will face levies,
Walgreens Boots Alliance to Go Private in $23.7 Billion Deal
Walgreens Boots Alliance is set to go private in a deal worth up to $23.7 billion, marking the end of nearly a century as a publicly traded company. The move follows years
Dine Brands Revamps Applebee’s and IHOP Amid Sales Decline
Dine Brands, the parent company of Applebee’s, IHOP, and Fuzzy’s Taco Shop, is launching a bold initiative to modernize its restaurant chains as it faces declining sales and shifting consumer habits. Challenges
Macy’s Forecasts Weak Sales and Profit as Tariffs Weigh
Macy’s projected lower-than-expected annual sales and profit on Thursday, highlighting ongoing struggles for U.S. retailers facing reduced consumer spending and new trade restrictions. Shares of the company fell 3% in early trading
Disney to Cut Nearly 200 Jobs at ABC News and TV Networks
The Walt Disney Co. is laying off just under 200 employees at ABC News and its Disney Entertainment Networks division as the traditional TV industry faces ongoing economic challenges, according to a
Target Expands Marketplace, Delivery to Boost Growth
Target plans to accelerate growth by expanding its third-party marketplace, media network, and same-day delivery services, aiming to drive more than $15 billion in revenue growth over the next five years, the
Citigroup Accidentally Credits $81 Trillion in Banking Blunder
Citigroup mistakenly credited $81 trillion — instead of the intended $280 — to a customer’s account in April, highlighting ongoing operational issues the bank has been striving to resolve. The error was
Rolls-Royce Sees Weak Profit Despite Revenue Growth in 2024
Rolls-Royce Holdings Plc (RYCEF.PK, RR.L, RYCEY.PK) reported weaker-than-expected profit for fiscal 2024 on Thursday, despite an increase in revenues. The British aerospace and defense giant attributed its performance to a challenging supply