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Palantir CEO Alex Karp downplayed the importance of elite education during the company's earnings call, boasting about the contributions of non-college-educated employees using their software. Karp stated Palantir create…
The owners of the cargo ship Dali, which crashed into the Francis Scott Key Bridge in Baltimore last year, are suing the ship's builder, Hyundai Heavy Industries. The lawsuit alleges a defective switchboard caused a powe…
BP announced its largest oil and gas discovery in 25 years, a significant find in Brazil's Santos basin. The 500-meter area of oil and gas at the Bumerangue block marks a major success for BP's exploration team and could…
American Eagle Outfitters' ad campaign featuring Sydney Sweeney has sparked controversy. President Trump praised the ad, boosting its popularity and American Eagle's stock. However, a veteran creative director alleges th…
Skydance's acquisition of Paramount Global is nearing completion, with David Ellison announcing a new C-suite. Jeff Shell will be president, Andy Gordon COO. George Cheeks remains as chair of TV media, Cindy Holland lead…
Skydance Media's merger with Paramount Global, closing August 7th, has announced its new executive team. David Ellison will be CEO, Jeff Shell President, and Andy Gordon Chief Strategy Officer and COO. The company will b…
US markets are anticipating a selloff following weaker-than-expected jobs data, revealing a slowing economy. Futures for the Dow, S&P 500, and Nasdaq are down. The 10-year Treasury yield is flat, while gold rose and oil …
Delta Air Lines has confirmed it will not use artificial intelligence to personalize ticket prices after facing criticism from US lawmakers and public concern. Following concerns that AI would be used to set individual p…
Global markets experienced a downturn last week, with the S&P 500, Dow Jones, and Nasdaq falling due to weak jobs data, new US tariffs, and mixed corporate earnings. The July jobs report showed significantly fewer jobs a…
A high-end sleepwear brand, Roller Rabbit, opened a store in Nantucket, violating the island's ban on franchises. Despite a cease-and-desist order, the store rebranded as "The General Store by RR", adding other brands to…
Berkshire Hathaway reported a second-quarter profit of $12.37 billion, significantly down from the previous year due to a $3.76 billion writedown on its Kraft Heinz stake. Operating earnings were down slightly to $11.16 …
New 25% tariffs on Indian goods, imposed by President Trump, are forcing Los Angeles area businesses reliant on Indian imports to raise prices. Owners of Indian grocery stores and other businesses in Artesia's Little Ind…
Berkshire Hathaway reported a 4% year-over-year dip in Q2 operating profit to $11.16 billion, primarily due to lower insurance underwriting profits. The company warned of potential negative impacts from US tariffs, citin…
Figma's successful IPO, valued at nearly $68 billion, is being celebrated by former FTC chair Lina Khan as a victory against Big Tech mergers. Khan's efforts to block major tech acquisitions, including Adobe's proposed p…
Moderna lowered its 2025 revenue outlook due to a delayed UK vaccine shipment, but exceeded Q2 expectations. Revenue is now projected between $1.5 billion and $2.2 billion. The company also announced a 10% workforce redu…
Nintendo's first-quarter (FY2025) results show strong Switch 2 sales: 5.82 million units and 8.67 million software units sold. The Switch 2 had a record-breaking launch, exceeding 3.5 million units in its first four days…
Figma's IPO surged over 250%, closing at over $117 per share, raising over $1.2 billion. This surpasses the projected range and makes CEO Dylan Field a billionaire. The company's market value now exceeds Adobe's prior ac…
Apple exceeded expectations in its third-quarter earnings report, announcing record revenue of $94 billion, surpassing estimates by $4.7 billion. iPhone sales also outperformed predictions at $44.58 billion. This positiv…
Amazon exceeded second-quarter earnings expectations, reporting $167.7 billion in net sales, surpassing analyst predictions of $162 billion. However, the projected third-quarter operating income of $15.5 billion to $20.5…
UnitedHealth Group (UHG), America's largest healthcare company, reported disastrous financial results for the second consecutive quarter, revealing deep-seated organizational problems. Following the April murder of an ex…
A major air traffic control system failure by NATS grounded hundreds of flights across the UK on Wednesday, causing widespread disruption and cancellations. Airlines, including EasyJet and Ryanair, are demanding answers …
Ford announced that US President Trump's tariffs will cost the company approximately $2 billion this year, exceeding prior estimates. This includes $800 million in duties paid in the second quarter. The impact is less se…
The U.S. and Pakistan have finalized a trade agreement, lowering tariffs on Pakistani exports to the U.S. The deal, reached after months of negotiations, also involves U.S. assistance in developing Pakistan's oil resourc…
Automakers are currently absorbing billions in tariff costs from imported materials and vehicles, preventing immediate price hikes for consumers. Despite this, new vehicle prices only rose 1.2% year-over-year in June, lo…
Wesley LePatner, Blackstone's global head of Core+ real estate and CEO of its $70 billion REIT, was tragically killed in a random shooting at the firm's Manhattan office. The shooter, targeting a different tenant, was fo…