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Electric vehicle rental company Hertz is offloading nearly a third of the EV fleet it aggressively built up in 2021, replacing the cars with gas-powered vehicles amid lower-than-expected customer demand…
Mortgage rates have fallen significantly over the past few months, providing some welcome relief to the housing market after over a year of rising rates. As of January 10th, 2024,…
Google has laid off hundreds of employees across its hardware, Assistant, and AR/VR teams as part of a major company reorganization, according to multiple reports published on January 11th, 2024.…
Engine manufacturer Cummins has agreed to a landmark $2 billion settlement over emissions cheating devices installed in nearly 600,000 Dodge Ram pickup trucks equipped with Cummins diesel engines. The deal…
The December Consumer Price Index (CPI) report, set for release on January 12th, has the potential to shift the market's outlook on interest rates and the pace of disinflation. Economists…
The Nasdaq composite led markets higher on Wednesday, rallying over 100 points as investors positioned themselves ahead of major inflation data and the start of earnings season. Several key factors…
Amazon is laying off hundreds of employees across its Prime Video and entertainment studio divisions in a move to cut costs and shift strategy amid increasing economic pressures. The layoffs…
An Alaska Airlines flight from San Francisco to Portland was forced to make an emergency landing Monday after a critical exterior panel blew out in midair, causing rapid decompression. The…
Citigroup disclosed major charges and reserve builds on Wednesday that will significantly impact its fourth quarter 2023 earnings results, scheduled to be released on Friday. The charges relate to restructuring…
US stock futures were muted on Wednesday morning as investors braced for key inflation data and the start of the earnings season. The Consumer Price Index (CPI) report due later…
JPMorgan Chase CEO Jamie Dimon warned Tuesday that the U.S. economy is showing worrying signs of 1970s-style stagflation, with slowing growth and persistently high inflation. His comments come as investors…
The 2024 Consumer Electronics Show (CES) kicked off on January 9th in Las Vegas, with companies and startups showcasing the latest innovations in consumer technology. This year's themes centered around…
Shares of Spanish pharmaceutical company Grifols lost over 40% of their value this week after short seller Gotham City Research published a damaging report accusing the company of financial fraud.…
Tesla has officially launched an updated version of its popular Model 3 electric sedan in North America. Dubbed the "Model 3 Highland", the refreshed car features subtle exterior changes, improved…
The Biden administration issued a new rule on Monday that seeks to make more gig economy workers classified as employees rather than independent contractors. The move could have sweeping implications…
Walmart unveiled several new AI-powered technologies at CES 2024 aimed at revolutionizing the retail shopping experience both in stores and online. The announcements signal Walmart's aggressive push into innovative technologies…
Chaos gripped the crypto markets Monday after the U.S. Securities and Exchange Commission's official Twitter account was apparently hacked, falsely announcing that the agency had approved several spot bitcoin exchange-traded…
Nvidia's stock price surged to an all-time high on Monday, January 8th 2023, after the company made several announcements that reinforced its leadership position in AI and data center computing.…
The National Association of Realtors (NAR) is facing yet another leadership crisis, as president Tracy Kasper announced her resignation on January 8th, 2024 after allegedly receiving blackmail threats seeking to…
Unity Software, the company behind the popular Unity game engine, announced major layoffs on January 8th, 2023, letting go of 25% of its workforce. This amounts to approximately 1,800 employees…
The Biden administration has enacted a major new policy that could dramatically impact the lives of millions of gig workers across the country. The new rules from the Department of…
Carta, the leading startup cap table management and valuation software platform, announced this week that it is shutting down its secondary market business following allegations that the company was trying…
Carta, the leading startup cap table management and valuation software platform, announced this week that it is shutting down its secondary market business following allegations that the company was trying…
The major stock indexes were mixed on Monday, with the tech-heavy Nasdaq Composite closing sharply higher while the Dow Jones Industrial Average lagged. Investors are looking ahead to key inflation…
The cryptocurrency industry is on the edge of its seat this week as the US Securities and Exchange Commission (SEC) is expected to make a decision on whether to approve…
U.S. launch services company Rocket Lab announced Monday that it has won a $515 million contract from the Space Development Agency (SDA) to design and deploy a satellite constellation for…
Hewlett Packard Enterprise (HPE) is in advanced talks to acquire Juniper Networks in a deal valued at around $13 billion, according to multiple reports published January 8th. The deal would…
A high-stakes legal drama is unfolding in a New York courtroom between Russian billionaire Dmitry Rybolovlev and auction giant Sotheby's. Rybolovlev alleges that Sotheby's helped art dealer Yves Bouvier inflate…
Volkswagen rocked the automotive world today by announcing at CES 2023 plans to integrate AI chatbot ChatGPT into vehicles beginning in spring 2024. The integration will enable intelligent conversational interactions…
Executives at Tesla and SpaceX have reportedly expressed concerns over Elon Musk's illegal drug use, according to a Wall Street Journal report published last week. Musk has strongly denied these…
The National Association of Realtors (NAR) is facing another leadership crisis as president Tracy Kasper resigned on Monday alleging an unnamed group threatened to publicly disclose a personal matter if…
The annual JPMorgan Healthcare Conference, one of the largest healthcare industry events, kicks off this week in San Francisco. Major pharmaceutical and medical device companies have already announced a flurry…
South Korean tech giant Samsung Electronics Co Ltd flagged a steeper-than-expected 35% drop in fourth-quarter operating earnings on Monday, as demand for electronic devices and memory chips used in personal…
Samsung Electronics, the world's largest memory chip and smartphone maker, has reported a substantial 35% drop in operating profit for the fourth quarter of 2023. This marks the tech giant's…
The U.S. economy added 216,000 jobs in December, far exceeding economists' expectations and capping off the strongest year of job growth since 2021. The unemployment rate held steady at 3.7%.…
Unity Software, creator of the widely-used Unity game engine, announced plans to lay off 1,800 employees on January 8th, 2023, representing around 25% of its total workforce. The layoffs come…
Boeing's stock plunged over 8% on Monday morning after the Federal Aviation Administration (FAA) ordered the grounding of all 737 MAX airplanes, following two fatal crashes within the last year.…
At its press conference at the 2024 Consumer Electronics Show (CES) in Las Vegas, Hyundai laid out an ambitious vision to utilize hydrogen energy and software to power a wide…
An iPhone that fell out of an Alaska Airlines plane during an emergency landing last week has been recovered in working condition after plummeting over 16,000 feet to the ground…
Berkshire Hathaway and the Haslam family have reached an agreement to settle lawsuits related to a dispute over the valuation of Pilot Travel Centers, canceling a trial that was set…
JetBlue Airways announced on January 8th, 2023 that CEO Robin Hayes will step down from his role on February 15th after nearly 9 years leading the airline. Hayes will be…
Nvidia's share price catapulted to an all-time high on Monday, crossing the $300 mark for the first time ever. The semiconductor company's relentless focus on artificial intelligence (AI) chips continues…
Nutramigen, a specialty hypoallergenic baby formula meant for infants with severe milk allergies and gastrointestinal issues, has been voluntarily recalled across the United States and Canada after testing revealed possible…
Boeing's stock plunged over 8% on Monday after several airlines grounded some of the company's most popular jetliners. The moves come amid an investigation into the causes of two recent…
Elon Musk is firing back against a recent Wall Street Journal report that alleged he has actively used illegal drugs and that his purported drug use is raising concerns among…
An Apple iPhone that fell over 16,000 feet to the ground after being sucked out of an Alaska Airlines plane has miraculously survived the immense fall. The intact phone was…
Bank of America announced Monday that it will take a $1.6 billion non-cash charge in the fourth quarter as it transitions away from using the London Interbank Offered Rate (LIBOR)…
Audio entertainment company Audacy, owner of radio stations across the United States, filed for Chapter 11 bankruptcy protection on Sunday amid high debt levels and declining advertising revenue. The filing…
Jeff Lawson, the co-founder and CEO of cloud communications platform Twilio, has stepped down from his role as chief executive after more than 13 years leading the company he started.…
Interest rates on certificates of deposit (CDs) have climbed to their highest levels since 2018, according to data from Bankrate. As the Federal Reserve continues raising interest rates to fight…
Nvidia's share price hit another all-time high on Monday, continuing its epic run over the past year driven largely by excitement around artificial intelligence. The stock closed up over 4%…
Berkshire Hathaway and the Haslam family have reached a settlement regarding the valuation and sale of the Haslam's majority stake in Pilot Company, the nation's largest operator of truck stops.…
An Apple iPhone has incredibly survived a 16,000-foot fall from an Alaska Airlines flight after the plane lost an exterior door panel during flight. The phone was later found in…
Boeing shares plunge after FAA grounds 737 MAX jets Boeing's stock tumbled over 5% in premarket trading after the FAA ordered the company to ground all 737 MAX 8 and…
Oscar Mayer has put out the call for the next class of Wienermobile drivers to take the giant hot dog replicas across the United States. The famous Wienermobile fleet tours…
2024 is being hailed as a breakthrough year for artificial intelligence (AI), with major advances in generative models like chatbots and image generators. However, there are also growing concerns about…
Saudi Arabia dramatically cut its official selling prices (OSPs) for February crude oil sales to Asia on Monday, reacting to weakening demand and increased competition, according to trading sources. This…
Johnson & Johnson (J&J), the pharmaceutical and medical devices giant, announced Monday that it will acquire Ambrx Biopharma for $2 billion. The deal signals J&J's ambitious push into cutting-edge antibody-drug…
Chinese stocks plunged to their lowest levels in 5 years on Monday, as concerns over the country's sluggish economic recovery and rising geopolitical tensions weighed heavily on investor sentiment. Sharp…
Merck is set to expand its oncology pipeline through the acquisition of clinical-stage biotech Harpoon Therapeutics in a deal worth up to $680 million. The buyout will give Merck access…
Berkshire Hathaway and the Haslam family have reached a settlement regarding the valuation and attempted buyout of truck stop operator Pilot Company, just one day before a highly anticipated trial…
Tesla and SpaceX CEO Elon Musk is denying allegations of frequent illegal drug use after a Wall Street Journal article claimed he has used substances like LSD and ketamine. Musk…
Certificate of deposit (CD) rates have climbed to levels not seen in over a decade, prompting many savers to lock in rates for their cash. As the Federal Reserve continues…
Boeing's stock plunged over 5% in premarket trading Monday after Alaska Airlines grounded all 24 of its 737 MAX jets over an ongoing investigation into a safety issue. This latest…
Major U.S. stock indexes fell for the first week of 2024, ending a winning streak from late 2022 amid a continued tech selloff. Rising Treasury yields and concerns over future…
A potent winter storm has brought heavy snow, icy conditions and strong winds to a wide swath of the northeastern United States, leading to extensive travel disruptions and power outages…
Friday night's Mega Millions drawing failed to produce a jackpot winner, causing the top prize to roll over to an estimated $165 million for the next drawing on Tuesday, January…
Warren Buffett’s Berkshire Hathaway and the Haslam family have reached a last-minute settlement regarding the valuation of the Haslam’s stake in truck stop operator Pilot Co. The settlement was announced…
Saudi Arabia has drastically cut the official selling price (OSP) of its flagship Arab Light crude grade to Asia by $5.50 per barrel for February deliveries. This is the steepest…
The cryptocurrency industry is holding its breath this week as the US Securities and Exchange Commission (SEC) faces a January 10 deadline to approve or deny several spot bitcoin exchange-traded…
Audacy, the second-largest owner of radio stations in the United States, filed for Chapter 11 bankruptcy protection on Sunday in an attempt to restructure its heavy debt load. The company…
The 42nd Annual JP Morgan Healthcare Conference kicked off on January 7th in San Francisco, bringing together executives and investors from across the healthcare industry. With over 500 companies presenting…
Elon Musk is denying allegations of extensive illegal drug use after a Wall Street Journal report detailing supposed concerns from leaders at Tesla and SpaceX. While Musk claims "not even…
Netflix Cuts Programming as Competition Heats Up The streaming wars are taking their toll, with industry leader Netflix announcing plans to cut over 100 shows from their programming slate. This…
Overview The Consumer Electronics Show (CES) 2024 has kicked off in Las Vegas, showing off the latest innovations in consumer technology. There is a heavy focus on artificial intelligence this…
The U.S. economy added 216,000 jobs in December, far exceeding economists' forecasts of 155,000 jobs, according to the Labor Department's monthly jobs report released Friday. The unemployment rate edged up…
Stellantis, the automaker formed in 2021 from the merger of Fiat Chrysler and Peugeot maker PSA Group, has withdrawn from the 2024 Chicago Auto Show. This ends the company's participation…
Overview On Saturday, January 6th, 2024, National Grid has scheduled a planned power outage affecting over 7,000 customers in parts of Monroe, Ontario, Livingston and Genesee counties in New York…
Elon Musk and Mark Cuban, two of the world's wealthiest entrepreneurs, engaged in a heated Twitter debate this week over the value of corporate diversity, equity and inclusion (DEI) programs.…
Dallas to Bozeman Flight Diverts to Amarillo After Passenger Outburst An American Airlines flight from Dallas to Bozeman was forced to divert to Amarillo on Thursday after a disruptive passenger…
Verizon has agreed to pay $100 million to settle a class action lawsuit alleging the company charged wireless customers misleading administrative fees over the past several years. The proposed settlement…
The cryptocurrency industry awaits a pivotal decision next week on whether the Securities and Exchange Commission (SEC) will finally approve the first spot Bitcoin exchange-traded funds (ETFs). Multiple Bitcoin ETF…
Amazon has launched its annual Winter Sale, offering massive discounts across its entire site just as consumers get ready to spend holiday gift cards and make returns. This year's sale…
The US economy added 223,000 jobs in December, wrapping up a year of remarkably persistent job growth that defied rising interest rates and predictions of an impending recession. The unemployment…
The US Department of Justice (DOJ) is reportedly on the cusp of filing a sweeping antitrust lawsuit against tech giant Apple over alleged anti-competitive practices regarding its App Store. If…
India's government predicted the economy will expand 7.3% in the fiscal year ending March 2024, exceeding expectations as improving consumption and investment help cement the country's place among the world's…
Passenger Arrested After Bizarre Midair Assault An American Airlines flight from Dallas to Bozeman was forced to make an emergency landing on Friday after an apparently intoxicated passenger allegedly punched…
Elon Musk and Mark Cuban exchanged barbs this week over the value of diversity, equity and inclusion (DEI) programs, reigniting debates over the role of identity in business. Musk Calls…
Hiring Surges in December with Addition of 216,000 Jobs The December 2023 jobs report handily exceeded analysts' expectations, providing further evidence of the continued underlying strength of the job market…
Nvidia's stock price surged over 200% in 2023 on the back of artificial intelligence hype. However, as the AI market enters the "trough of disillusionment" in 2024, analysts have varying…
Amazon saw massive sales success over the 2022 holiday season. With consumers still relying heavily on online shopping and Amazon's wide selection, competitive pricing, and fast shipping, the ecommerce giant…
A growing number of cases of lead poisoning have been linked to recalled cinnamon applesauce products across multiple states, according to recent updates from the FDA and CDC. Over 30…
U.S. employers added 223,000 jobs in December, a slowdown from previous months but still a solid gain that suggests the economy can avoid sliding into recession next year. The unemployment…
Constellation Brands, the producer of Modelo and Corona beers, reported higher third-quarter profit on Thursday, driven by strong beer sales even as its wine and spirits division continued to struggle.…
The U.S. Department of Justice (DOJ) is reportedly preparing to file a broad antitrust lawsuit against Apple over policies related to its App Store, according to sources cited in top…
Medical Properties Trust (MPW), the largest owner of hospital properties in the United States, saw its stock price plunge over 30% on January 3rd, 2023 after the company announced that…
A salmonella outbreak that has sickened at least 24 people across 14 states has been traced back to charcuterie meat samplers sold at Sam's Club. The ready-to-eat charcuterie sampler trays…
Over 20 Injured As Subway Trains Collide and Derail During Rush Hour On Thursday January 4th, 2024, two subway trains collided and derailed on the Upper West Side of Manhattan…
An American Airlines flight from Dallas to Bozeman was forced to make an emergency landing on January 4th after an apparently intoxicated passenger allegedly punched a flight attendant in the…
The 42nd Annual JP Morgan Healthcare Conference kicks off on January 8th in San Francisco, bringing together industry leaders and dealmakers from across the healthcare spectrum. With over 500 companies…
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