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United Airlines is outpacing rivals in expansion, growing domestic capacity by 5.7% in 2025. CEO Scott Kirby attributes this success to its product, network, and technology, citing customer loyalty and a rejection of the…
Eli Lilly announced a $5 billion investment in a new Virginia manufacturing facility, its first of four planned US plants totaling at least $27 billion. This facility will focus on producing active ingredients for cancer…
McDonald's announced a $200 million investment over seven years in regenerative agriculture practices on US cattle ranches. This is their largest US investment in regenerative agriculture to date, aiming to improve soil …
Xiaomi is launching its new flagship Xiaomi 17 series smartphones this month, skipping the Xiaomi 16 generation to directly compete with Apple's iPhone lineup. The move, announced by CEO Lei Jun, positions Xiaomi to chal…
Asian stocks surged, mirroring a global equity rally fueled by expectations of a US Federal Reserve interest rate cut this week. The MSCI Asia Pacific Index briefly surpassed its February 2021 high. Chinese shares gained…
The Federal Aviation Administration (FAA) is fining Boeing $3.1 million for safety violations, including a mid-flight door panel loss on an Alaska Airlines Boeing 737 Max 9 in January 2024. The FAA cited hundreds of qual…
Microsoft has avoided an EU antitrust fine after offering concessions regarding its Teams and Office product bundling. An investigation, launched after a Slack complaint, alleged Microsoft abused its market dominance. Mi…
Fintech company Lendbuzz filed for an IPO, aiming for a $1.5 billion valuation. The Boston-based firm uses alternative data and machine learning to assess creditworthiness, funding loans through securitization and bank l…
Skydance Media, having recently acquired Paramount Global for $8 billion, is now considering a $70 billion+ takeover of Warner Bros. Discovery. This move aims to consolidate media assets amidst industry instability, crea…
Family offices are increasingly investing in sports, with 25% already holding stakes and another 25% showing interest, according to a Goldman Sachs survey. While major men's leagues are the primary target, investment in …
OpenAI is transitioning to a for-profit structure, nearing a deal with Microsoft. The agreement involves at least $100 billion in equity for OpenAI's nonprofit arm, which will retain control over a new public benefit cor…
Paramount Skydance is reportedly preparing an all-cash takeover bid for Warner Bros. Discovery (WBD). WBD's stock surged over 25% on Thursday following a Wall Street Journal report. While WBD hasn't yet received a formal…
Goldman Sachs' survey of 245 family offices reveals a shift in investment strategies. Public equity allocations rose to 31%, a 3% increase from 2023, while private equity dropped to 21%, down 5%. US and Americas family o…
Warner Bros. Discovery CEO David Zaslav believes the current TV landscape offers a poor consumer experience due to excessive choices. He expects HBO Max to reach 150 million homes next year, justifying future price incre…
Klarna, a 20-year-old fintech company, successfully completed its IPO on the New York Stock Exchange, raising $1.4 billion. The offering priced shares at $40, exceeding expectations, resulting in a $15 billion valuation.…
Convenience store giant RaceTrac is acquiring sandwich chain Potbelly for $566 million in an all-cash deal. The acquisition, expected to close in Q4, values Potbelly shares at a 47% premium. Potbelly's stock surged over …
Apple unveiled its thinnest iPhones yet, the iPhone 17 Air and iPhone 17 Pro, along with new smartwatches and AirPods. However, the launch failed to excite investors, causing a 2.3 percent drop in Apple's stock price. An…
Lachlan Murdoch, Rupert Murdoch's eldest son, has officially inherited the reins of the family's conservative media empire, encompassing Fox News, The Wall Street Journal, and other prominent outlets. This follows a long…
Ford launched a new advertising campaign, "Ready, Set, Ford," marking a shift in its branding strategy amidst industry uncertainty. The campaign focuses on consumers, emphasizing capability, passion, community, and trust…
A massive immigration raid at a Hyundai plant in Georgia, the largest in US history, has sparked outrage in South Korea and among US business leaders. The raid, targeting 475 workers including many South Koreans, halted …
Modded hardware seller Ryan Daly will pay Nintendo $2 million after a settlement in a Washington court. Daly, who represented himself, sold devices and software to circumvent Nintendo Switch's technological protection me…
Investment banker Daniel Erb entered the single-family rental market, capitalizing on underinvestment in housing. His firm, along with others like Blackstone, buys homes and rents them, sparking debate. Critics argue thi…
Indonesia's stock market and rupiah fell sharply following the abrupt dismissal of long-serving Finance Minister Sri Mulyani Indrawati. Her replacement, Purbaya Yudhi Sadewa, faces the challenge of maintaining fiscal dis…
A $1.787 billion Powerball jackpot was split between two winners, one from a Missouri QuikTrip and the other from a Texas convenience store. The Missouri winner's share is $893.5 million, either as an annuity or a $410.3…
Anglo American is nearing a $20 billion deal to acquire Canadian mining company Teck Resources, primarily through a stock transaction. An announcement is possible this week, though the deal isn't finalized. This follows …