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
Walmart lifts outlook on online sales and AI focus
Stronger quarter and higher guidance Walmart raised its full year guidance for a second time in 2025 after another solid quarter, signaling confidence ahead of the holiday season. The retailer now expects
Toyota begins battery production at new North Carolina plant
Toyota Motor has officially started production at its new battery facility in North Carolina, marking a major step in the company’s expansion of hybrid manufacturing in the United States. The $13.9 billion
Visa and Mastercard Reach $38 Billion Settlement
Visa and Mastercard have agreed to a revised $38 billion settlement with U.S. merchants after two decades of litigation over credit card fees. The new proposal seeks to resolve allegations that the
Kimberly-Clark to Acquire Kenvue in $48.7B Deal
Major consumer brands merge in blockbuster acquisition Kimberly-Clark announced on Monday that it will acquire consumer health company Kenvue in a $48.7 billion deal, forming one of the largest consumer staples companies
OpenAI Signs $38B AWS Deal, Breaking Microsoft Exclusivity
Massive AI infrastructure shift underway OpenAI has inked a $38 billion agreement with Amazon Web Services (AWS), marking a major expansion of its cloud partnerships and the end of its previous exclusivity
Amazon Cuts Jobs as It Expands AI Investment Plans
Job cuts come despite strong profits and rising AI investment Amazon is laying off tens of thousands of employees even as it posts strong financial results and ramps up artificial intelligence investments.
Citigroup Names Jane Fraser Board Chair and CEO
Fraser Consolidates Power with $25M Stock Bonus Citigroup’s board has appointed CEO Jane Fraser as chair, awarding her a restricted stock bonus valued at $25 million alongside additional stock options. The decision
HSBC invests £10bn to take Hang Seng private
Strategic move to deepen ties with Asia HSBC will spend £10 billion to buy out the remaining 36.5% of shares in its Hong Kong subsidiary, Hang Seng Bank, effectively taking the bank
GM cancels EV tax credit plan after policy pressure
Program aimed to extend $7,500 lease credit post-deadline General Motors has scrapped a plan that would have allowed its dealers to continue offering the $7,500 federal tax credit on electric vehicle (EV)
OpenAI Closes $6.6B Stock Sale at $500B Valuation
Employees cash out as OpenAI becomes most valuable private firm OpenAI has completed a $6.6 billion secondary share sale, allowing eligible current and former employees to sell equity at a record-setting $500