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
Southwest explores launching its own lounge network
A push to capture premium travelers Southwest Airlines is weighing a major shift in its customer experience strategy: building a network of airport lounges. CEO Bob Jordan said in an interview that
Eli Lilly plans $6 billion plant in Alabama
New facility expands U.S. manufacturing footprint Eli Lilly announced Tuesday that it will invest $6 billion in a new manufacturing complex in Huntsville, Alabama, aimed at significantly increasing production of its experimental
Netflix to acquire Warner Bros Discovery for $72 billion
Streaming giant makes bold move into Hollywood’s studio elite Netflix has agreed to buy Warner Bros Discovery for $72 billion, gaining control of some of Hollywood’s most iconic film and TV franchises.
BMO lifts dividend as U.S. banking overhaul shows progress
Improved credit performance drives stronger earnings BMO Financial Group reported $2.3 billion in fourth quarter profit and announced a higher dividend as improvements in its U.S. loan portfolio helped reduce provisions for
Delta says shutdown cut profit by $200 million
Longest government impasse hurt travel bookings Delta Air Lines reported that the recent U.S. government shutdown reduced its pretax profit by about $200 million, following a noticeable softening in bookings during the
Goldman Sachs to acquire Innovator Capital
Two billion dollar deal to expand ETF offerings Goldman Sachs said Monday it agreed to acquire Innovator Capital Management for about $2 billion, marking the latest move to strengthen its asset management
BYD Extends Growth in European Car Sales
Sales expand across the region Chinese automaker BYD continued to post higher new-car registrations in Europe last month, strengthening its position in a market that is becoming increasingly competitive. Data from the
Alphabet approaches landmark valuation threshold
Premarket rally pushes the tech giant higher Alphabet shares climbed sharply in premarket trading on Tuesday, setting the company up to cross the four trillion dollar valuation mark for the first time.
Kohl’s names Michael Bender as permanent CEO
Leadership shift aims to stabilize the retailer Kohl’s announced that Michael Bender, who has served as interim CEO since May, has been appointed permanent chief executive. The decision, effective Sunday, marks the
Major media groups submit bids for Warner Bros. Discovery
First-round offers target film and streaming assets Warner Bros. Discovery has received formal first-round takeover bids from Paramount Skydance, Comcast and Netflix, according to people familiar with the process. The offers were