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
Meta layoffs clash with massive exec pay plan
Job cuts and billion-dollar incentives highlight a company in transition toward artificial intelligence Meta has entered another turbulent phase, cutting hundreds of jobs while simultaneously unveiling an executive compensation plan that could
Meta faces legal blows as pressure builds
Two courtroom defeats deepen scrutiny of the company’s platforms just as investors question its AI strategy Meta has taken two highly visible legal hits in the same week, a combination that sharpens
Amex adds ChatGPT credit to business cards
New perk could be useful, but only for firms already paying for AI tools American Express is adding a new benefit that may actually feel practical for some business cardholders: a 300-dollar
UBS struggles to steady its US wealth business
Asset outflows and adviser losses cloud a key turnaround effort UBS is running into growing resistance in its effort to rebuild its US wealth management franchise, as client assets leave the platform
Nvidia Moves to Restart China H200 Shipments
Jensen Huang says manufacturing is being switched back on Nvidia is preparing to resume sales of its H200 processors to some customers in China, a development that could reopen an important market
Lucid Targets Positive Cash Flow Later This Decade
Lucid Group told investors it expects to reach positive cash flow later this decade, leaning on a broader vehicle lineup, a bigger push into software subscriptions, and longer-term plans that include robotaxis.
Six Flags to sell seven parks to EPR for $331 million
Portfolio reshuffle targets higher-return properties Six Flags Entertainment said Thursday it will sell seven amusement parks in the United States and Canada to real estate owner EPR Properties for about $331 million,
Ford Recalls 412,000 Explorer SUVs in U.S.
Rear Suspension Defect Prompts Major Recall Ford Motor Company is recalling 412,774 Explorer SUVs in the United States after identifying a potential fracture in the rear toe link that could result in
Stellantis Posts Record Loss Amid EV Reset
Massive Write-Downs Drive Annual Deficit Stellantis reported its first-ever annual net loss on Thursday, posting a deficit of 22.3 billion euros ($26.3 billion) for full-year 2025, compared with a profit of 5.5
Paramount Raises Bid for Warner Bros. Discovery
All-cash offer lifted to $31 per share Warner Bros. Discovery said Tuesday that Paramount Skydance has increased its takeover proposal to $31 per share in cash, up from $30, intensifying a bidding