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 Overhauls Washington Post Opinion, Sparks Backlash
Washington Post owner Jeff Bezos announced a sweeping overhaul of the newspaper’s opinion section on Wednesday, prompting editorial page editor David Shipley to resign. The changes, which Bezos outlined in a company-wide
Starbucks Cuts 1,000 Jobs and Trims Menu to Boost Sales
Starbucks announced on Monday it will lay off over 1,000 corporate employees and eliminate complex and unpopular drinks from its menu in an effort to reverse declining sales and revitalize the coffee
Apple to Invest $500 Billion in U.S., Build New Texas Factory
Apple announced on Monday its plan to invest over $500 billion in the United States over the next four years, including hiring 20,000 people and building a new server factory in Texas.
Meta Increases Executive Bonuses Amid Layoffs and Growth
Executives at Meta are set to receive bigger bonuses this year after the company approved an increase in the target bonus percentage for its annual executive bonus plan. According to a corporate
U.S. Business Activity Slows Amid Tariff and Spending Concerns
U.S. business activity nearly stalled in February as mounting concerns over tariffs on imports and significant federal government spending cuts dampened economic optimism. According to S&P Global’s report on Friday, business activity
HSBC Reports 3% Workforce Reduction and Stable Bonus Pool
HSBC’s headcount fell by 3% in 2024 while its staff bonus pool remained largely unchanged, according to the bank’s financial report issued on Wednesday. The Asia-focused lender continues to focus on cost-cutting
JetBlue Seeks New Airline Partnership After DOJ Block
JetBlue Airways announced on Wednesday that it is in discussions with multiple airlines to establish a new partnership and is prepared to allocate additional funds to secure a deal. Exploring New Partnerships
Southwest Airlines Announces First-Ever Mass Layoffs
Southwest Airlines said Monday it will cut 15% of its corporate workforce, or 1,750 people — marking the first mass layoffs in the company’s history. Details of the Workforce Reduction The layoffs,
Coca-Cola Enters the Prebiotic Soda Market with Simply Pop
Prebiotic sodas are trending, and Coca-Cola is joining the craze with its latest launch: Simply Pop. The new beverage line, under the Simply Beverages brand, offers Coca-Cola’s first-ever prebiotic soda, promising “real
Blue Origin’s New Glenn Completes First Test Flight
The 320-foot-tall (98-meter-tall) New Glenn rocket successfully lifted off for the first time on January 16 from Florida’s Space Coast. The test flight achieved its primary objective, delivering a test version of