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Major corporations across various sectors, including tech, finance, and retail, are announcing significant layoffs. Companies like Procter & Gamble (7,000 jobs), Microsoft (6,000), and Citigroup (3,500 in China) are redu…
Circle Internet Group's stock soared up to 235% on its IPO debut, opening at $69.50 after pricing at $31. The company raised nearly $1.1 billion, valuing it at $6.8 billion. This successful IPO follows a failed attempt i…
Procter & Gamble (P&G), the maker of Tide and Pampers, announced plans to cut up to 7,000 jobs (6% of its workforce) over the next two years. This restructuring, impacting mainly non-manufacturing roles, aims to address …
Wells Fargo's asset cap of $1.95 trillion, imposed due to past scandals, has been lifted by the Federal Reserve. Analysts and Jim Cramer predict significant upside for the stock, forecasting increased growth in deposits,…
Ford is recalling almost 500,000 Explorer SUVs (2016-2017 models) due to a potential safety hazard. The door trim can detach while driving, creating a road hazard. While Ford was aware of the issue since 2019, they initi…
Tesla's board faces pressure from shareholders, including large pension funds and state treasurers, to address Elon Musk's controversial behavior and its negative impact on the company's reputation and stock. A recent su…
Tesla faces potential losses due to President Trump's "Big Beautiful Bill", which significantly alters EV tax credits and could impact Tesla's sales and profits. The bill phases out clean vehicle tax credits, potentially…
Citigroup ended its seven-year-old policy restricting banking services to firearm manufacturers and sellers. The policy, implemented after the Parkland shooting, required adherence to specific sales practices. Citi cited…
Dollar General's first-quarter earnings exceeded expectations, driven by a surge in middle- and high-income shoppers, a trend unseen in four years. CEO Todd Vasos attributed this to value and new delivery options. Howeve…
Dollar General, the largest US dollar store chain, reported a 2.4% sales jump from February to April, exceeding expectations. This increase is attributed to shoppers trading down from pricier stores amid economic uncerta…
Meta is investing billions to keep an Illinois nuclear power plant operational until 2047. This deal involves purchasing the plant's 'clean energy attributes,' offsetting Meta's carbon footprint without directly powering…
Dollar General's stock surged over 10% after exceeding first-quarter expectations, reporting $1.78 EPS versus the anticipated $1.48 and $10.44 billion revenue against the projected $10.31 billion. The company raised its …
Hims & Hers Health is acquiring the European telehealth platform Zava, aiming to accelerate global expansion. The deal, expected to close by mid-year, will add 1.3 million customers (a 50% increase) and expand services t…
US equity futures dipped after Monday's S&P 500 surge, awaiting potential Trump-Xi trade talks. S&P 500 and Nasdaq 100 futures fell 0.3%, while European stocks remained stable. The dollar strengthened against its G10 pee…
Elon Musk's departure from the Department of Government Efficiency coincides with positive news for his companies. Neuralink secured a $650 million funding round, and Tesla saw a 213% year-on-year sales increase in Norwa…
Initial reports indicated Salesforce acquired AI-powered recruitment startup Moonhub. However, Salesforce clarified that Moonhub is shutting down, and only some of its team will join Salesforce. Moonhub, founded in 2022,…
Bill Gates, Microsoft founder, will donate the majority of his $200 billion fortune to improve African healthcare and education over the next two decades. This commitment, announced during a visit to Addis Ababa, aims to…
Bristol Myers Squibb will pay BioNTech up to $11.1 billion for the rights to a new cancer drug. BioNTech receives an upfront payment of $1.5 billion, plus potential milestone payments of up to $7.6 billion. The companies…
Elon Musk defended his time leading the fictional "DOGE" office in a CBS interview, claiming it was unfairly blamed for budget cuts. He stated that DOGE became a scapegoat, with some even falsely believing it threatened …
Wall Street anticipates losses on Monday due to escalating tensions in the Russia-Ukraine conflict and increased oil prices following OPEC+'s output decision. Futures for major indices show declines. Oil prices surged, b…
Australian investment firms Washington H. Soul Pattinson (Soul Patts) and Brickworks announced a A$14 billion ($9 billion) merger, sending their shares soaring. Soul Patts shares rose 13.78%, while Brickworks jumped 22.3…
The number of former employees returning to their old jobs (boomerang workers) is rising, especially in the information sector. This trend, revealed in ADP payroll data, is driven by a tougher job market and employers' p…
Xpeng delivered 33,525 vehicles in May, a 230% year-on-year increase but a slight decrease from April. This brings its year-to-date deliveries to 162,578, a 293% increase. The company's May sales include strong performan…
JPMorgan Chase CEO Jamie Dimon warned about the US's deteriorating global standing, urging swift action on internal issues like regulation and infrastructure. He highlighted the need to address the "enemy within" to main…
UK steelmakers are calling US President Donald Trump's decision to double tariffs on steel and aluminum imports to 50% a major setback. The move, effective Wednesday, replaces a 25% tariff. While the UK secured a trade d…