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The Department of Justice (DOJ) is considering dropping its criminal case against Boeing related to two fatal 737 Max crashes that killed 346 people. Boeing had initially agreed to a plea deal, but a judge rejected it. T…
A NJ Transit rail strike caused major chaos for commuters in Newark Penn Station Friday. Thousands were stranded as all rail service was shut down due to a contract dispute between transit officials and the Brotherhood o…
A strike by NJ Transit locomotive engineers began May 16th, halting train service after contract negotiations failed. Bus service continues, though with increased capacity challenges. Governor Murphy criticized the union…
President Trump concluded his Middle East tour with a massive $1.4 trillion in investment pledges from the UAE, Saudi Arabia, and Qatar. The UAE's portion, totaling $200 billion, highlights a significant investment in ar…
The European Commission is conducting a market test to assess Microsoft's new concessions regarding its Teams and Office products, aiming to resolve an antitrust probe initiated by a Slack complaint. Microsoft unbundled …
Charter Communications and Cox Communications announced a $34.5 billion merger Friday, creating a major US TV and internet provider. The deal faces scrutiny from the Trump administration's antitrust enforcers, despite ex…
Microsoft has agreed to unbundle its Teams app from Office 365 and Microsoft 365 suites in Europe. This decision follows concerns from the European Commission regarding anti-competitive practices. The concessions include…
Novo Nordisk CEO Lars Fruergaard Jørgensen is stepping down amid declining share prices and increased competition in the obesity drug market. The company's share price has fallen over 50% since mid-2024 following disappo…
A strike by New Jersey Transit train engineers has begun, halting commuter rail service and impacting hundreds of thousands of riders. Negotiations between the Brotherhood of Locomotive Engineers and Trainmen (BLET) unio…
Dick's Sporting Goods, the largest US sports retailer, is acquiring Foot Locker for approximately $2.4 billion. Foot Locker, with a global presence of about 2,400 stores, has struggled recently, while Dick's seeks intern…
US stocks rallied for a fourth straight session, boosted by a temporary US-China tariff reduction and falling Treasury yields. The S&P 500 rose 0.41% to 5,916.93, the Dow gained 0.65% to 42,322.75, while the Nasdaq dippe…
Dick's Sporting Goods' acquisition of Foot Locker for $2.4 billion is seen as beneficial for Nike, which is a major supplier to both retailers. Analysts believe the deal will streamline operations, improve Nike's retail …
Over 1,000 Starbucks baristas at 75 US stores have walked out in protest against a new, stricter dress code, implemented Monday. The union, Starbucks Workers United, argues the code should be collectively bargained. The …
Walmart reports first-quarter earnings on Thursday, with analysts predicting $165.88 billion in revenue and 58 cents earnings per share. Despite economic uncertainty and tariff fluctuations, Walmart's diverse product ran…
Netflix's ad-supported plan, launched in 2022, now boasts over 94 million monthly users globally, more than double the number from May 2024. This significant growth follows the addition of new ad formats such as pause an…
ESPN launched its new $30/month streaming service, sparking debate about its market viability. Analysts suggest it's a strategic move, a "Trojan Horse" to shift existing pay-TV subscribers to ESPN's app. This allows for …
Wall Street experienced a mixed close, with the S&P 500 slightly up (0.1%) despite most stocks declining. Technology companies like Nvidia boosted the index. The Dow fell 0.2%, and the Nasdaq rose 0.7%. American Eagle Ou…
President Trump secured a historic $1.2 trillion economic commitment from Qatar, including a $96 billion Boeing aircraft deal and other significant agreements in energy, technology, and defense. These deals will create h…
Boeing secured a record-breaking $96 billion deal with Qatar Airways for up to 210 aircraft, including 787 Dreamliners and 777Xs. The agreement, signed during President Trump's visit to Qatar, is Boeing's largest-ever wi…
Nvidia's massive AI deal with Saudi Arabia, involving 18,000 Blackwell chips for a new supercomputer, has sent Nvidia's stock soaring. The partnership, highlighted during a U.S.-Saudi forum attended by top tech CEOs, sig…
President Trump's visit to Saudi Arabia resulted in a flurry of multi-billion dollar business deals. Agreements announced include a $142 billion defense pact, chip sales to Saudi AI startups by Nvidia and AMD totaling ov…
A temporary truce in the US-China tariff war has brought relief to Chinese exporters, with the US slashing tariffs on Chinese goods from 145 percent to 30 percent for 90 days. While shipments to the US are expected to in…
Burberry announced plans to cut approximately 1,700 jobs, nearly a fifth of its global workforce, to reduce costs by 2027. The luxury brand reported a £66 million loss last year. The majority of job cuts will affect head…
Tencent, China's tech giant, reported a strong first-quarter 2025 performance, exceeding revenue expectations with 180.02 billion yuan ($25 billion). While revenue increased 13% year-on-year, net profit slightly missed e…
UnitedHealth Group CEO Andrew Witty resigned unexpectedly due to personal reasons. He will be succeeded by former CEO and current board chairman Stephen Hemsley. Witty's tenure included navigating the aftermath of the mu…