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
HSBC to Wind Down M&A and Equity Capital Markets in the West
HSBC is preparing to exit its M&A and equity capital markets businesses in the U.K., Europe, and the U.S. as part of a broader restructuring of its investment banking operations. The decision
Costco Shareholders Reject Proposal to Assess DEI Risks
Costco Wholesale shareholders overwhelmingly voted against a proposal to assess the risks of maintaining the company’s diversity, equity, and inclusion (DEI) initiatives. The vote, announced on Thursday, signals strong investor support for
UnitedHealthcare Appoints New CEO After Brian Thompson’s Death
UnitedHealthcare has appointed Tim Noel as its new CEO following the shocking murder of Brian Thompson in midtown Manhattan. The company confirmed the leadership change in an emailed statement on Thursday, marking
Target Ends DEI Programs, Shifts Corporate Strategy
Retailer Phases Out Diversity and Inclusion Initiatives Target announced on Friday that it will roll back its diversity, equity, and inclusion (DEI) programs, including initiatives aimed at increasing workforce and product diversity.
Goldman Sachs Boosts CEO David Solomon’s Pay to $39M, Adds $80M Retention Bonus
Goldman Sachs Increases CEO Compensation and Locks in Leadership Goldman Sachs has raised CEO David Solomon’s compensation by 26% to $39 million for 2024, according to a regulatory filing. Additionally, the firm’s
Supreme Court Upholds TikTok Ban Law, Forcing ByteDance to Divest
U.S. Supreme Court Rules Against TikTok’s Parent Company In a unanimous decision, the U.S. Supreme Court has upheld the law requiring China-based ByteDance to divest its ownership of TikTok by Sunday, January
American Express to Pay $230 Million to Settle U.S. Probes
Settlement Reached Over Deceptive Sales Practices American Express (NYSE: AXP) announced on Thursday that it will pay approximately $230 million to settle U.S. criminal and civil investigations into alleged deceptive sales practices
Blue Origin’s New Glenn Rocket Successfully Reaches Orbit
Historic First Flight for Blue Origin’s Heavy-Lift Rocket Blue Origin, the space launch company founded by Jeff Bezos, successfully tested its New Glenn heavy-lift rocket for the first time early this morning.
Tesla Discounts Cybertruck Amid Slowing Production and Sales
Price Cuts on New and Demo Cybertruck Models Tesla has started offering discounts on new Cybertruck vehicles in its inventory, marking the latest shift in pricing strategy for the highly anticipated electric
Wells Fargo Shares Soar After Beating Earnings Estimates and Issuing Strong 2025 Guidance
Fourth-Quarter Earnings Exceed Expectations Wells Fargo reported better-than-expected earnings for the fourth quarter of 2024, sending shares up over 5% on Wednesday. Here are the key highlights compared to Wall Street’s expectations: