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 to Lay Off 5% of Workforce in 2025 Performance-Driven Cuts
Meta Announces Workforce Reductions Meta has confirmed plans to cut approximately 5% of its workforce, targeting the company’s lowest-performing employees. The move was detailed in an internal memo from CEO Mark Zuckerberg,
JPMorgan Promotes Jennifer Piepszak to COO Amid Leadership Shuffle
JPMorgan Promotes Jennifer Piepszak to COO Amid Leadership Shuffle JPMorgan Chase announced a significant management reshuffle on Tuesday, naming Jennifer Piepszak as the new chief operating officer (COO). However, the nation’s largest
China Reportedly Weighs Elon Musk Acquisition of TikTok’s U.S. Operations
China Reportedly Weighs Elon Musk Acquisition of TikTok’s U.S. Operations The Chinese government is reportedly considering a plan for Elon Musk to acquire TikTok’s U.S. operations as a contingency to prevent the
Insurers Face Heavy Losses as California Wildfires Drive Stock Selloff
Insurers Face Heavy Losses as California Wildfires Drive Stock Selloff Shares of major insurance companies tumbled Friday as devastating wildfires in Los Angeles escalated, prompting concerns about record-breaking insured losses. Allstate, Chubb,
Venu Sports Streaming Service Canceled Amid Regulatory Challenges
Venu Sports Streaming Service Canceled Amid Regulatory Challenges The highly anticipated Venu Sports streaming service, a joint venture between Disney’s ESPN, Warner Bros. Discovery, and Fox, will no longer launch. The decision
Meta’s Moderation Shift Under Trump Sparks Concerns Over Online Safety
Zuckerberg Responds to Trump’s Stance Mark Zuckerberg has signaled a significant shift in Meta’s content moderation policies, announcing the removal of third-party fact-checkers in the United States and adjustments to moderation practices.
U.S. Government Sues Berkshire Hathaway Unit Over Unaffordable Loans
The U.S. Consumer Financial Protection Bureau (CFPB) has filed a lawsuit against Clayton Homes, the manufactured housing division of Warren Buffett’s Berkshire Hathaway, accusing it of pressuring borrowers into unaffordable loans. In
GM and Ford Report Best Annual U.S. Sales Since 2019
Both General Motors (GM) and Ford Motor Co. (Ford) closed 2024 with their highest U.S. vehicle sales since 2019, marking a significant recovery from the challenges posed by the COVID-19 pandemic and
Carvana Stock Drops Amid Short-Seller Claims, but JPMorgan Stays Bullish
Carvana (CVNA) shares continued to decline on Friday following a short-selling report from Hindenburg Research, which raised concerns about the used-car retailer’s financial practices. Despite the negative attention, JPMorgan analysts maintained their
Top U.S. Retailers by Revenue in 2024: Resilience Amid Challenges
Despite economic uncertainty and rising inflation, some retailers have managed to thrive by adapting to changing consumer behaviors. According to rankings by the National Retail Federation (NRF) and Kantar, companies like Walmart,