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
JP Morgan Struggles With Office Space as It Ends Remote Work
JP Morgan Faces Space Crunch in London HQ JP Morgan is facing a shortage of desk space at its Canary Wharf headquarters as it pushes its 22,000 UK employees to return to
GM Plans to Offset Up to 50% of Trump’s Auto Tariffs
General Motors (GM) CEO Mary Barra said Tuesday that the company has contingency plans in place to mitigate between 30% and 50% of the potential tariffs President Donald Trump is threatening to
Nokia Appoints Justin Hotard as New CEO Amid AI Shift
Nokia (NOKIA.HE) announced on Monday that Pekka Lundmark will step down as CEO, with Justin Hotard set to take over the role on April 1. Hotard, an executive at Intel (INTC.O), brings
Meta Lays Off 4,000 Workers in Latest Cost-Cutting Move
Meta is laying off thousands of employees as part of its latest push for higher productivity, according to a Business Insider report. The cuts, affecting about 5% of the company’s workforce, will
UK Retailers Urge Government to Close Tax Loophole
Retailers and tax campaigners are calling on the UK government to close a loophole that allows companies like Shein and Temu to flood the market with cheap imports, avoiding taxes and undercutting
Temu Shifts Strategy After U.S. Ends Tax Loophole
Chinese online retailer Temu is promoting more products from U.S. warehouses after former President Donald Trump revoked the long-standing de minimis tax exemption. The move, part of a broader tariff increase on
Nissan Drops Honda Merger Talks, Seeks New EV Partner
Nissan is preparing to pull out of merger discussions with Honda as it looks for a new partner to accelerate its transition to electric vehicles (EVs). The talks, which began in December
Pfizer Beats Q4 Estimates, Eyes Growth Beyond Covid Products
Pfizer (PFE) reported fourth-quarter earnings on Tuesday that surpassed analyst expectations, driven by higher-than-expected demand for its Covid products and ongoing cost-cutting efforts. Q4 Earnings Highlights Despite the earnings beat, Pfizer stock
Starbucks CEO Promises Growth But Stays Cautious on Timeline
Starbucks (SBUX) CEO Brian Niccol is committed to brewing a turnaround, but he’s not yet ready to give a definitive timeline. That hasn’t stopped Wall Street from showing confidence, as shares of
Chevron, GE Vernova Partner to Power AI Data Centers
Chevron Corp., investor Engine No. 1, and GE Vernova Inc. have announced a partnership to develop natural gas-fired power plants adjacent to data centers. The initiative aims to support the growing energy