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
CoreWeave Surges on $14.2B AI Cloud Deal with Meta
Meta taps CoreWeave for Nvidia-powered AI infrastructure CoreWeave (CRWV) stock jumped nearly 12% after the company revealed a massive $14.2 billion multi-year cloud services agreement with Meta (META). The Nvidia-backed AI data
EA to Be Taken Private in Record $55B Buyout Deal
EA agrees to historic leveraged buyout Electronic Arts, the gaming giant behind franchises like “Battlefield” and “Madden NFL,” is set to go private in a massive $55 billion deal — the largest
Citi Sells 25% of Banamex to Mexican Tycoon
Strategic move ahead of Banamex IPO plans Citigroup has reached an agreement to sell a 25% stake in Grupo Financiero Banamex to a firm owned by Mexican billionaire Fernando Chico Pardo and
Pfizer to Buy Metsera in $7.3B Obesity Drug Push
Deal signals major move into booming weight loss market Pfizer announced Monday that it will acquire obesity drugmaker Metsera in a deal worth up to $7.3 billion, marking a significant move to
NBH to Acquire Vista Bank in $369M Deal
Acquisition expands NBH’s Texas presence and assets National Bank Holdings (NBH), based in Denver, announced it will acquire Dallas-based Vista Bancshares in a stock-and-cash transaction valued at $369.1 million. The deal includes
UBS Considers U.S. Move Amid Swiss Capital Rules
Stricter regulations push global bank to rethink its base Swiss banking giant UBS is reportedly exploring a potential relocation to the United States in response to proposed regulatory changes from the Swiss
SpaceX to Buy EchoStar Spectrum in $17B Starlink Deal
Massive acquisition to boost satellite 5G network SpaceX announced Monday it will acquire wireless spectrum licenses from EchoStar for approximately $17 billion, marking a critical move to scale its Starlink satellite network
BBVA Pushes Ahead With $17.4B Sabadell Takeover
Regulatory approval clears path for shareholder offer BBVA has received final regulatory clearance for its €17.4 billion bid to acquire Banco de Sabadell, marking the last major step before opening the offer
Visa ends U.S. open-banking unit amid rising tensions
Fintech access to bank data faces mounting challenges Visa has shut down its open-banking operations in the United States, a move signaling the growing divide between traditional banks and fintech firms. The
Hertz to sell used cars through Amazon Autos
Strategic move to expand retail operations Hertz announced Wednesday a new partnership with Amazon Autos, allowing the car rental company to sell preowned vehicles directly through Amazon’s platform. This initiative aims to