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Tesla will temporarily halt Model Y and Cybertruck production at its Austin factory the week of July 4th for planned maintenance and upgrades. This is at least the third such shutdown in a year, allowing for employee tra…
The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) fell to 32 in June, down from 34 in May, indicating negative builder sentiment. High mortgage rates and economic uncertainty are pus…
Chase Sapphire Reserve credit card undergoes significant changes. The annual fee increases to $795, but new benefits offset the cost. These include statement credits for travel, dining, and entertainment, plus compliment…
Global markets reacted to Israel's evacuation warning for a part of Tehran, impacting European and Asian share prices. US futures also declined. Oil prices surged over $1 a barrel due to escalating tensions between Israe…
US steel and aluminum tariffs on UK goods will remain at 25%, despite prior agreements to eliminate them. Both countries will continue negotiations. While the deal includes exemptions for UK aerospace goods from a 10% ta…
US stocks rebounded on Monday, with the S&P 500 up 0.9%, the Dow gaining 0.8%, and the Nasdaq rising 1.5%. Oil prices eased, falling after Friday's surge following Israeli attacks on Iranian targets. While concerns remai…
Home decor retailer At Home, with over 200 US locations, filed for Chapter 11 bankruptcy Monday. The restructuring aims to eliminate $2 billion in debt and secure $200 million in capital. The company, owned by Hellman & …
The Trump Organization launched Trump Mobile, a 5G wireless service offering an unlimited plan for $47.45 monthly. Donald Trump Jr. and Eric Trump announced the MVNO, utilizing major US carriers. The service includes a n…
The Trump Organization launched "Trump Mobile," a new mobile phone plan and a $499 smartphone. The plan, called "The 47 Plan," costs $47.45 monthly and includes unlimited talk, text, data, roadside assistance, and telehe…
President Trump secured a "golden share" in U.S. Steel as part of a deal allowing Nippon Steel's investment. This grants Trump significant control, including veto power over major decisions like relocation, job transfers…
Elon Musk is fighting to keep federal tax incentives for electric vehicles (EVs). President Trump's proposed bill would eliminate these incentives, potentially harming Tesla's sales. Tesla, however, possesses substantial…
Starbucks CEO Brian Niccol is implementing a turnaround strategy focused on improving employee morale and customer experience. This includes adding seating to cafes, increasing internal promotions (aiming for 90% of stor…
Donald Trump's 2024 financial disclosure reveals over $57 million in income from his cryptocurrency venture, World Liberty Financial (WLF), controlled by his sons and Barron Trump. WLF's USD1 stablecoin launch coincides …
Anne Wojcicki's nonprofit, TTAM Research Institute, will acquire the bankrupt genetic testing company 23andMe for $305 million, outbidding Regeneron Pharmaceuticals. The acquisition, which includes 23andMe's assets and c…
Safeway and Albertsons workers in four Colorado cities initiated a strike Sunday after nine months of unsuccessful contract negotiations. The United Food and Commercial Workers Local 7 cited unfair labor practices, inclu…
Oracle appointed two new presidents, Clay Magouyrk (cloud boss) and Michael Sicilia (head of industries), as revealed in SEC filings. This move is seen as part of a succession plan for Oracle's executive chairman and CTO…
President Trump issued a new order regarding the proposed acquisition of United States Steel Corporation by Nippon Steel Corporation. Initially blocking the deal due to national security concerns, the President now allow…
JBS, a Brazilian meat giant, saw its shares fall 3.9% on their New York Stock Exchange debut despite a long-held goal of trading in the US market. The dual listing, approved by minority shareholders despite opposition fr…
European airline stocks are plummeting due to the escalating Israel-Iran conflict and the recent Air India crash. Wizz Air, suspending flights to and from Tel Aviv and rerouting others, saw a 4.8% share drop. Other airli…
US stock futures plunged Thursday night following Israel's airstrike on Iran. The Dow futures dropped nearly 1.4%, S&P 500 and Nasdaq 100 futures each fell 1.6%. This occurred despite positive US economic data, including…
AMD unveiled its next-generation MI400 chips, partnering with OpenAI and other tech giants like Meta and Microsoft. The MI400, launching in 2026, will power AI infrastructure. AMD also launched the Instinct MI350 GPUs, b…
The S&P 500 saw a 0.4% increase for the fourth time in five days, driven by positive inflation data. The Nasdaq 100 rose slightly (0.2%), although some tech giants like Tesla and Meta fell. Oracle surged 13%, boosted by …
General Atlantic and Apollo Global Management have abandoned early recruitment for junior roles starting in 2027, following pressure from JPMorgan Chase CEO Jamie Dimon. Dimon criticized the practice of firms recruiting …
A new report reveals that ultra-wealthy family offices struggle to hire and retain staff, despite high compensation. The survey of 146 family offices found that nearly 80% faced hiring difficulties, with the problem most…
UK goods exports to the US plummeted by £2 billion in April, the largest monthly decline since 1997. This follows the implementation of US tariffs on British goods, despite a recently announced trade deal outline. While …