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
Boeing Reports $6.17 Billion Loss in Q3 as Labor Vote Looms
Boeing continues to face a challenging year, with its third-quarter earnings report revealing a net loss of $6.17 billion, adding to a total loss of nearly $8 billion so far in 2024.
Corporate Shadows and Legal Battles Abercrombie Faces Dark Past
Mike Jeffries, the former CEO of Abercrombie & Fitch, finds himself entangled in a complex web of criminal charges related to sex trafficking and prostitution. This case, which has shaken both the
Disney Prepares Leadership Shift as James Gorman Steps In as Chairman
In a key leadership change, Disney has appointed James Gorman as its next board chairman, starting January 2024, as the company gears up for a new chapter in leadership. Gorman, who joined
Netflix’s Earnings Surprise Pushes Stock Up 11%
Netflix shares soared by 11% on Friday morning after the streaming giant posted third-quarter earnings that beat market expectations. This strong financial performance, combined with the growing success of its ad-supported membership
Trump Media Co-Founders Sell Nearly $100 Million in Stock Following Lockup Expiration
The co-founders of Trump Media & Tech Group, Andrew Litinsky and Wesley Moss, who were instrumental in launching the Truth Social platform, have reportedly sold nearly all their shares in the company.
Meta Lays Off Employees Across Instagram, WhatsApp, and Reality Labs
Meta (META.O) is once again undergoing a round of layoffs, this time impacting employees in key divisions such as Instagram, WhatsApp, and Reality Labs, according to a report by The Verge on
Amazon Invests in X-Energy to Boost SMR Development for Data Centers
Amazon has taken a significant step towards securing low-carbon energy for its data centers by acquiring a stake in U.S. nuclear developer X-energy. The investment is part of a broader collaboration to
Walgreens to Close 1,200 Stores Amid Financial Challenges and Competition
Facing mounting pressure from online competition and declining earnings from prescription drugs, Walgreens, one of the largest U.S. drugstore chains, has announced plans to close approximately 1,200 stores over the next few
Tesla Stock Dips as Autonomy Plans Leave Investors Doubtful
At Tesla’s eagerly awaited event on Thursday, CEO Elon Musk introduced bold visions for the future of autonomous vehicles, including a driverless “Cybercab,” a robovan, and even dancing humanoid robots. Held at
U.S. Antitrust Case Against Google Could Reshape Tech Industry
The U.S. government is contemplating a major antitrust action against Google, reminiscent of the landmark breakup of AT&T into the “Baby Bells” over four decades ago. This potential move could fundamentally alter