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Oracle CEO Safra Catz is stepping down after 11 years, handing the reins to co-CEOs Clay Magouyrk and Mike Sicilia. Magouyrk led cloud infrastructure, while Sicilia oversaw applications and AI. This transition follows Or…
Pfizer announced a $7.3 billion deal to acquire Metsera, a weight-loss drugmaker, aiming to enter the booming obesity market. The acquisition includes an upfront cash payment and contingent value rights based on Metsera'…
Google faces a trial in Virginia, where a judge ruled parts of its digital advertising technology an illegal monopoly. The trial will determine remedies to restore fair market conditions, potentially involving Google sel…
Build-A-Bear Workshop, a company known for its experiential shopping, reported record-breaking revenue in the first half of fiscal 2025, reaching $252.6 million. This success is attributed to strategic planning, includin…
Despite concerns about a weakening labor market and high inflation, the stock market is soaring after the Federal Reserve's interest rate cut. The Dow, S&P 500, and Nasdaq reached record highs, fueled by strong corporate…
UK-based fintech Tide, serving over 1.6 million micro and small enterprises globally, has achieved unicorn status after securing $120 million in funding led by TPG. The funding round values Tide at $1.5 billion. India is…
Vermont's severe drought is crippling dairy farmers, forcing them to spend thousands on supplemental feed and water for their cattle due to failed crops. The drought, impacting 78% of the state, has led to record low str…
Warehouse clubs like Costco, Sam's Club, and BJ's are experiencing a surge in popularity, fueled by inflation and younger shoppers. These retailers are expanding aggressively, opening new locations and improving in-store…
The Federal Reserve's interest rate cut, aimed at supporting a weakening labor market, unexpectedly ignited a broad market rally. This fueled a surge across assets, including junk bonds and unprofitable tech stocks, push…
Intel's stock surged 23% after a $5 billion investment from Nvidia, boosting its Asian suppliers. Japanese companies heavily reliant on Intel, including Lasertec Corp. (up 15%), Ibiden Co. (up 12%), Tokyo Electron Ltd., …
A global stock market rally stalled after the Bank of Japan announced it would begin selling its substantial ETF holdings. The MSCI Asia Pacific Index dropped 0.4% following the news, despite earlier gains spurred by rec…
FedEx exceeded Wall Street's expectations in its first-quarter fiscal report, posting adjusted earnings per share of $3.83 against an anticipated $3.59 and revenue of $22.24 billion versus a projected $21.66 billion. Des…
Despite a recent immigration raid delaying a battery plant opening, Hyundai Motor Group confirms a $2.7 billion expansion of its Georgia plant. Production capacity will increase by 200,000 vehicles annually over three ye…
American Express unveiled an updated Platinum Card with increased perks and a higher annual fee of $895. New benefits include a $400 dining credit, a $600 hotel credit, a $300 Lululemon credit, and a $300 digital enterta…
Poland has closed its border with Belarus, halting 90% of rail freight between China and the EU. This decision, driven by security concerns amid heightened geopolitical tensions, impacts €25 billion in annual trade and d…
Hyundai Motor raised its 2025 revenue forecast to 5-6%, but lowered its operating profit margin target to 6-7% due to US tariffs. The upward revenue revision was announced ahead of a CEO investor day in New York, the fir…
Spirit Airlines is implementing a 25% capacity cut in November to reduce costs, following its second bankruptcy in less than a year. CEO Dave Davis announced further job cuts are inevitable as the airline optimizes its n…
Cracker Barrel Old Country Store announced mixed fourth-quarter earnings, with revenue slightly exceeding expectations but earnings per share falling short. The company's stock dropped 10% after hours following the repor…
Frontier Airlines CEO Barry Biffle refuted United Airlines CEO Scott Kirby's claim that the deep discount airline model is failing. Biffle highlighted Frontier's lower unit costs and its ability to attract price-sensitiv…
A proposal to build a casino in Times Square has been rejected by a community advisory committee. The plan, by SL Green Realty, Caesars Entertainment, and Roc Nation, involved converting a building housing the Minskoff T…
GlaxoSmithKline (GSK) announced a $30 billion investment in US research, development, and manufacturing over the next five years. This includes $1.2 billion for advanced manufacturing, AI, and digital technologies, creat…
US Transportation Secretary Sean Duffy revoked the antitrust immunity of Delta and Aeromexico's partnership, citing unfair practices by Mexico. Mexico's redirection of flights to a less accessible airport, Felipe Angeles…
The National Highway Traffic Safety Administration (NHTSA) launched an investigation into Tesla Model Y vehicles after receiving nine reports of malfunctioning electronic door handles, potentially due to low battery volt…
Amazon's Prime Big Deal Days sale will run October 7-8, 2025, offering Prime members exclusive discounts on various products. The 48-hour event features deep discounts across electronics, home goods, and more, kicking of…
Jaguar Land Rover (JLR) faces a prolonged production halt following a cyberattack, extending the shutdown until at least next week. Experts estimate the revenue loss could exceed £3.5 billion, impacting JLR's suppliers a…