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
BlackRock to Acquire HPS Investment Partners for $12 Billion
BlackRock announced Tuesday its plans to acquire HPS Investment Partners for $12 billion in stock, aiming to bolster its foothold in the growing private credit market. The acquisition is expected to close
U.S. Launches Sweeping Crackdown on China’s Semiconductor Industry
The United States on Monday announced its third major crackdown in three years on China’s semiconductor industry, imposing export restrictions on 140 companies. The effort, spearheaded by the Biden administration, aims to
Intel CEO Pat Gelsinger Resigns Amid Struggles
Intel announced on Monday that CEO Pat Gelsinger has resigned, marking the end of a difficult stint during which the company struggled to compete in the rapidly evolving semiconductor and AI markets.
Adani Group Faces $55 Billion Stock Market Loss Amid Fraud Indictment
India’s Adani Group announced a staggering $55 billion loss in market capitalization across its 11 listed companies following a fraud indictment by U.S. prosecutors. The charges, unveiled on November 20, allege that
Microsoft Faces FTC Scrutiny in Antitrust Investigation
Microsoft is under the lens of the Federal Trade Commission (FTC) as the agency launches a sweeping investigation into the company’s business practices. The FTC recently sent a letter demanding information from
Banco BPM Faces Surprise Takeover Bid from UniCredit
Banco BPM SpA is at the center of Italy’s banking sector drama as it reviews an unexpected €10.1 billion takeover bid from UniCredit SpA. The unsolicited offer has sparked tensions within the
Warren Buffett Details Plans to Distribute $147 Billion Fortune After Death
Warren Buffett, the legendary investor and chairman of Berkshire Hathaway, celebrated Thanksgiving by continuing his tradition of giving. On Monday, he announced plans to donate over $1.1 billion in Berkshire Hathaway stock
Macy’s Delays Earnings Report Amid $154 Million Accounting Scandal
Macy’s has postponed its quarterly earnings report after discovering a single employee had intentionally concealed $154 million in expenses over nearly three years. The accounting irregularities have raised concerns about oversight at
Amazon Doubles Down on Anthropic with $4 Billion AI Investment
Amazon has announced a significant new investment of $4 billion in Anthropic, a leading artificial intelligence (AI) startup founded by former OpenAI executives. This move cements Amazon’s role in the rapidly evolving
Target Warns of Weak Holiday Season as Middle-Class Shoppers Pull Back
Target has projected a lackluster holiday shopping season, forecasting flat sales for the year’s final quarter and lowering its profit outlook. The announcement comes alongside a modest 0.3% sales increase in its