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A U.S. Immigration and Customs Enforcement raid at a Hyundai battery plant in Georgia detained 475 workers, mostly South Korean engineers and technicians. South Korea's foreign minister is traveling to the U.S. to secure…
Hedge fund billionaire Ken Griffin and Anil Kashyap warn in a Wall Street Journal op-ed that President Trump's attacks on the Federal Reserve's independence are risky. They argue that undermining the Fed could lead to hi…
Robinhood's stock price soared over 14% after S&P Global announced its addition to the S&P 500 index, effective September 22nd. This follows months of speculation and will likely trigger significant passive fund buying. …
Bank of America analyst Anna Lizzul maintains a buy rating on Kenvue stock, citing a recent sell-off as a buying opportunity. Despite a year-to-date decline of 12.8% and a recent drop following a Wall Street Journal repo…
SpaceX has acquired 50MHz of wireless spectrum licenses from EchoStar for $17 billion (cash and stock), facilitating its 'Direct to Cell' satellite internet service for mobile phones globally. This acquisition, partly sp…
Stocks rose on Monday, boosted by AppLovin and Robinhood's inclusion in the S&P 500. EchoStar surged after a $17 billion deal with SpaceX. The market awaits key economic data this week, influencing expectations for a pot…
Jaguar Land Rover's UK factories, along with facilities in Slovakia, China, and India, remain closed following a cyberattack on August 31st. Production lines are halted, impacting car production and dealerships. The shut…
US tariffs on Indian goods have doubled to 50%, citing India's purchase of discounted Russian oil. The White House accuses India of funding Russia's war effort, despite India primarily using the oil domestically and expo…
Over 91,000 Jeep Grand Cherokee plug-in hybrid SUVs (2022-2026 models) are being recalled due to a software glitch in the hybrid control processor. This defect may cause a sudden loss of drive power, potentially leading …
A $1.787 billion Powerball jackpot was split between winners in Texas and Missouri. Each winner can choose between an annuitized $893.5 million prize or a $410.3 million lump sum. The Texas winning ticket was sold at a F…
The Trump administration took a roughly 10% stake in Intel, becoming its largest shareholder. This move, unlike previous government interventions during crises, aims to bolster American competitiveness against China in t…
PBS is cutting 15% of its workforce, affecting 34 staffers, due to the elimination of federal funding for public broadcasting. This follows the loss of a federal grant and cuts to vacant positions, resulting in over 100 …
China has imposed preliminary anti-dumping duties on EU pork imports, ranging from 15.6% to 62.4%. The Ministry of Commerce cited alleged dumping and material injury to China's domestic pork industry. This action is like…
Starbucks is revamping approximately 1,000 US locations by 2026 to enhance customer experience and boost sales. These renovations, costing around $150,000 each, focus on inclusive design, including more seating, improved…
Broadcom reported strong Q3 results, exceeding expectations with $15.95 billion in revenue and $1.69 adjusted EPS. The stock surged after CEO Hock Tan announced $10 billion in custom AI orders from a new, unnamed custome…
President Trump signed an executive order lowering tariffs on Japanese car imports to 15%, formalizing a July agreement. This follows months of negotiations and includes Japan's commitment to invest $550 billion in US pr…
The US Department of Transportation is scrapping proposed rules that would have required airlines to compensate passengers for flight delays and cancellations exceeding three hours due to non-weather related issues. The …
Palantir CEO Alex Karp predicts a surge in skilled worker value despite potential Big Tech downsizing. He highlighted the increasing importance and higher compensation demands of technically skilled individuals, particul…
Amazon is ending its Prime Invitee program, which allowed Prime members to share free shipping with non-household members, effective October 1st. This follows a similar strategy employed by Netflix to curb password shari…
Paramount Pictures and Legendary Entertainment have signed a multi-year global film distribution agreement. Paramount will handle worldwide distribution (excluding China) for Legendary's films, starting with the upcoming…
Norway's $1.98 trillion sovereign wealth fund divested from Caterpillar and several Israeli banks due to ethical concerns over their involvement in the Gaza conflict. The U.S. State Department criticized this decision, c…
ConocoPhillips, a major U.S. oil producer, announced it will cut 20-25% of its workforce, impacting 2,600-3,250 employees. This restructuring, driven by rising costs and falling oil prices, aims to save over $1 billion. …
The Illinois Lottery held a "Ticket Grab Challenge" in Chicago, giving away over 1,000 free Powerball tickets in a wind tunnel. The event, promoting the $1.4 billion jackpot (the fourth-largest Powerball prize ever), dre…
American Eagle's stock soared 25% after successful celebrity marketing campaigns featuring Sydney Sweeney and Travis Kelce. Despite initial sales dips, the company anticipates growth due to increased customer engagement …
American Eagle's second-quarter earnings surpassed expectations, largely due to successful marketing campaigns featuring Sydney Sweeney and Travis Kelce. Despite initial controversy surrounding the Sweeney campaign, it r…