Business - Page 3

Get the latest updates on the business world, from corporate news and startup trends to industry developments and market-leading companies shaping the economy.

Trump-Media-Co-Founders-Sell-Nearly-$100-Million-in-Stock-Following-Lockup-Expiration

Business

1 month ago

Trump Media Co-Founders Sell Nearly $100 Million in Stock Following Lockup Expiration

The co-founders of Trump Media & Tech Group, Andrew Litinsky and Wesley Moss, who were instrumental in launching the Truth Social platform, have reportedly sold nearly all their shares in the company.

Disney-Prepares-Leadership-Shift-as-James-Gorman-Steps-In-as-Chairman

Business

4 weeks ago

Disney Prepares Leadership Shift as James Gorman Steps In as Chairman

In a key leadership change, Disney has appointed James Gorman as its next board chairman, starting January 2024, as the company gears up for a new chapter in leadership. Gorman, who joined

DirecTV-Acquires-Dish-Network-in-Long-Awaited-Merger

Business

2 months ago

DirecTV Acquires Dish Network in Long-Awaited Merger

DirecTV announced on Monday that it will acquire rival Dish Network, marking the conclusion of decades of on-and-off merger discussions between the two satellite TV providers. Both companies have struggled to retain

Corporate Shadows and Legal Battles Abercrombie Faces Dark Past

Mike Jeffries, the former CEO of Abercrombie & Fitch, finds himself entangled in a complex web of criminal charges related to sex trafficking and prostitution. This case, which has shaken both the

4 weeks ago

Business

Netflix’s Earnings Surprise Pushes Stock Up 11%

Netflix shares soared by 11% on Friday morning after the streaming giant posted third-quarter earnings that beat market expectations. This strong financial performance, combined with the growing success of its ad-supported membership

1 month ago

Business

Meta Lays Off Employees Across Instagram, WhatsApp, and Reality Labs

Meta (META.O) is once again undergoing a round of layoffs, this time impacting employees in key divisions such as Instagram, WhatsApp, and Reality Labs, according to a report by The Verge on

1 month ago

Business

Amazon Invests in X-Energy to Boost SMR Development for Data Centers

Amazon has taken a significant step towards securing low-carbon energy for its data centers by acquiring a stake in U.S. nuclear developer X-energy. The investment is part of a broader collaboration to

1 month ago

Business

Walgreens to Close 1,200 Stores Amid Financial Challenges and Competition

Facing mounting pressure from online competition and declining earnings from prescription drugs, Walgreens, one of the largest U.S. drugstore chains, has announced plans to close approximately 1,200 stores over the next few

1 month ago

Business

Tesla Stock Dips as Autonomy Plans Leave Investors Doubtful

At Tesla’s eagerly awaited event on Thursday, CEO Elon Musk introduced bold visions for the future of autonomous vehicles, including a driverless “Cybercab,” a robovan, and even dancing humanoid robots. Held at

1 month ago

Business

U.S. Antitrust Case Against Google Could Reshape Tech Industry

The U.S. government is contemplating a major antitrust action against Google, reminiscent of the landmark breakup of AT&T into the “Baby Bells” over four decades ago. This potential move could fundamentally alter

1 month ago

Business

TD Bank Faces $3 Billion Fine, U.S. Growth Restrictions

TD Bank is facing significant regulatory challenges, with reports indicating that the Canadian financial institution could be hit with $3 billion in fines and new restrictions on its U.S. operations. These penalties

1 month ago

Business

Hurricane Milton Threatens $100 Billion Losses for Insurers

As Hurricane Milton barrels toward Florida’s Gulf Coast, analysts warn that the global insurance industry could face losses of up to $100 billion. The Category 5 storm, among the most powerful to

1 month ago

Business

Buffett’s Portfolio Shuffle Shows His Focus on Safety Amid Market Uncertainty

Warren Buffett, renowned as the Oracle of Omaha, has made a significant move in his portfolio recently, selling nearly $10 billion worth of Bank of America stock since the third quarter of

1 month ago

Business