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
Trump’s Return: Business Sectors Brace for New Policies
Donald Trump’s return to the White House after winning the 2024 presidential election promises to reshape U.S. business policies, influenced by key appointments and legislative shifts. Significant outcomes depend on cabinet choices,
Home Depot Cofounder Bernie Marcus Dies at 95
Bernard “Bernie” Marcus, cofounder of Home Depot and a prominent Republican donor, passed away at the age of 95, the company announced on Tuesday. Marcus, who amassed a fortune through his pioneering
Boeing CEO Faces Major Challenges After Strike Ends
After a seven-week strike that disrupted operations at Boeing, newly appointed CEO Kelly Ortberg now faces the daunting task of repairing a divided and demoralized company. The narrow vote to accept Boeing’s
Why Warren Buffett’s Berkshire Is Selling Apple Stock
Warren Buffett’s Berkshire Hathaway, long one of Apple’s largest shareholders, has been quietly reducing its stake in the tech giant throughout 2024. At the start of the year, Berkshire owned 907.6 million
Starbucks CEO Plans Return to Personal Touches to Revive Café Experience
In an effort to bring Starbucks back to its roots and address declining customer traffic, CEO Brian Niccol announced a return to personal touches like handwritten names on cups, ceramic mugs, and
Judge Pauses Lawsuit to Block Elon Musk’s $1 Million Voter Giveaway in Key Swing States
In a closely watched case just days before the U.S. presidential election, a Pennsylvania judge announced he would pause a lawsuit seeking to halt Elon Musk’s controversial $1 million voter giveaway. The
Can Volkswagen Cost-Cut Its Way Out of Crisis as Competition Intensifies?
Volkswagen (VW) is embarking on a sweeping cost-cutting plan, including German plant closures and thousands of job cuts, as it contends with steep profit declines and growing competition from Chinese automakers. With
Pfizer Raises Revenue Outlook Amid Pressure to Prove Post-COVID Value
Pfizer has raised its revenue and earnings outlook for the year, now expecting between $61 billion and $64 billion in revenue and adjusted earnings per share of $2.75 to $2.95. This optimistic
JPMorgan Cracks Down on ATM Fraud as Viral “Infinite Money” Glitch Sparks Legal Wave
JPMorgan Chase has taken a strong stand against alleged ATM fraud following a viral “infinite money glitch” that shook social media and, soon after, the banking world. This technical loophole allowed some
Southwest Airlines Strikes Deal with Elliott Investment to Avoid Proxy Fight
Southwest Airlines has reached an agreement with activist hedge fund Elliott Investment Management, effectively averting a potential proxy fight. The deal involves naming six new directors to Southwest’s board, including five from