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
Berkshire Hathaway Increases Stake in VeriSign, Becomes Largest Shareholder
Berkshire Hathaway, led by Warren Buffett, has significantly increased its position in VeriSign (VRSN), an internet infrastructure company, solidifying its status as the company’s largest shareholder. Details of the Recent Purchase According
Bank of America Buys $990 Million in Loans to Aid HomeStreet’s Turnaround
Bank of America Corp. has agreed to purchase approximately $990 million in multifamily commercial real estate loans from HomeStreet Inc., a move aimed at helping the struggling Seattle-based lender return to profitability.
OpenAI to Restructure as a Public Benefit Corporation for Enhanced Equity Financing
OpenAI, the Microsoft-supported pioneer in artificial intelligence, has announced plans to transition its for-profit operations into a Delaware Public Benefit Corporation (PBC). This reorganization aims to address the company’s growing financial needs
Starbucks Workers’ Walkout Expands Nationwide on Christmas Eve
Starbucks employees staged a major walkout this holiday season, culminating on Christmas Eve with expanded labor action across the country. While the Starbucks Workers United union claimed the strike affected more than
American Airlines Flights Resume After Brief System Outage
American Airlines resumed service Tuesday morning following a brief system outage that grounded flights across the United States during one of the busiest travel periods of the year. The airline attributed the
Honda and Nissan Explore Merger to Compete Globally
Honda and Nissan have announced plans to hold formal talks over the next six months to explore a possible merger, a move that could create the world’s third-largest automaker. Mitsubishi, a smaller
U.S. Investigates Chinese Legacy Semiconductors Amid Trade Tensions
The Biden administration has launched a last-minute trade investigation into Chinese-made legacy semiconductors. This probe, under Section 301 of the Trade Act of 1974, aims to counter China’s state-driven expansion in semiconductor
Volkswagen and Labor Unions Near Historic Pay and Jobs Deal
Volkswagen (VW) is edging closer to an agreement with labor representatives after months of tense negotiations over wages, jobs, and plant operations. These discussions, which began in September, mark the company’s longest-ever
Starbucks Workers Strike Nationwide Over Union Contracts
Baristas at Starbucks stores in Burbank swapped their aprons for picket signs on Friday as part of a growing nationwide strike demanding collective bargaining agreements. The walkout is spearheaded by Starbucks Workers
CFPB Sues Zelle and Major U.S. Banks Over Fraud Allegations
The Consumer Financial Protection Bureau (CFPB) has launched a lawsuit against Zelle, the leading peer-to-peer payments network, and three of its major bank partners—JPMorgan Chase, Bank of America, and Wells Fargo—alleging failures