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Warner Bros. Motion Picture Group is undergoing a 10% reduction in staff across various departments, including marketing, distribution, and production. This restructuring, planned since early this year, shifts the compan…
A new "Media Capitulation Index" ranks major media and tech companies based on their perceived capitulation to powerful interests. The index, created by Sophie Culpepper and published by the Nieman Journalism Lab, assign…
Adidas shares plummeted 9.1% after revealing a projected €200 million hit from US tariffs in the second half of 2024. The company warned of potential inflation-driven consumer demand risks and macroeconomic uncertainty. …
US and China concluded two days of trade talks in Stockholm, agreeing to explore extending a tariff deadline beyond August 12th. While China stated an agreement to work towards an extension, the US indicated it was discu…
HSBC's second-quarter profit before tax fell 29% year-on-year to $6.3 billion, missing analyst expectations of $6.99 billion. The shortfall stemmed from impairment charges and increased operating expenses, partly due to …
Starbucks releases its fiscal third-quarter results Tuesday, with analysts showing mixed sentiment. Earnings are projected at 65 cents per share, a 30% drop year-over-year, but revenue is expected to reach $9.31 billion,…
Apple is reportedly close to replacing Goldman Sachs with JPMorgan Chase as the issuer of its Apple Card. Goldman Sachs is exiting the consumer finance market after facing financial losses. Negotiations between Apple and…
Sydney Sweeney's new American Eagle jeans campaign, featuring a pun on "genes" and "jeans," has sparked controversy. Critics accused the campaign of promoting eugenics and racial undertones, while others saw it as a reje…
Spotify's shares plummeted over 11% after releasing disappointing Q2 earnings. The company missed Wall Street's revenue and earnings expectations, reporting a net loss of €86 million compared to a profit of €225 million …
Union Pacific proposed an $85 billion acquisition of Norfolk Southern, creating a first-ever transcontinental US railroad. The merger aims to streamline deliveries by eliminating inter-railroad handoffs. Antitrust regula…
Boeing's second-quarter results show a significant improvement, with losses reduced to $176 million compared to $1.09 billion a year prior. Revenue surged 35% to $22.75 billion, exceeding expectations. The increase in ai…
Stellantis reported a significant drop in net profits to 2.3 billion euros ($2.65 billion) in the first half of the year, primarily due to US tariffs costing 1.5 billion euros ($1.7 billion) and the cancellation of a hyd…
Stellantis, the auto giant behind Jeep, Dodge, and others, reported a €2.3 billion net loss for the first half of 2025, contrasting with a €5.6 billion profit in the same period of 2024. The loss, attributed partly to ta…
Procter & Gamble (P&G) CEO Jon Moeller is stepping down after four years, to be succeeded by Chief Operating Officer Shailesh Jejurikar on January 1, 2026. Moeller will become executive chairman. P&G stated the transitio…
The S&P 500 saw minimal change on Monday, July 28, 2025, following a U.S.-EU trade deal announcement. Super Micro Computer surged over 10%, while Albemarle dropped nearly 11%, the day's largest decline. Nike also saw gai…
Procter & Gamble (P&G) announced Shailesh Jejurikar, currently COO, will become CEO on January 1, 2024, succeeding Jon Moeller who will transition to executive chairman. Jejurikar, who joined P&G in 1989, will be the fir…
Super Micro Computer (SMCI) led S&P 500 advancers, surging over 10% following eased tech export restrictions to China. Advanced Micro Devices (AMD) gained 4.3% after a price hike on its AI chip. Nike (NKE) rose 3.9% on a…
Spirit Airlines is furloughing 270 pilots and demoting 140 more, impacting holiday travel. This follows a 25% flight schedule reduction and reflects a broader industry trend of budget airline cutbacks due to weak demand …
Tesla and Samsung signed a $16.5 billion deal where Samsung will produce Tesla's new AI6 chip at its Texas plant, opening in 2026. Elon Musk stated he'll personally oversee the process to accelerate progress, highlightin…
American Eagle's new ad campaign starring Sydney Sweeney has sparked controversy. The campaign, promoting Sweeney's "great jeans," plays on the phrase "great genes," leading to accusations of eugenics and white supremacy…
JPMorgan Chase is implementing fees for fintech companies accessing its systems due to excessive data requests. An internal memo revealed that only 13% of 1.89 billion June data requests were customer-initiated transacti…
A $118 million Bel Air mansion is seeing constant showings, according to agent Nicole Plaxen. This follows the recent sale of Mark Wahlberg's Beverly Hills home for $55 million, a price considered low by some brokers, de…
Tesla has inked a massive $16.5 billion deal with Samsung to produce its next-generation AI6 chips. These chips will power Tesla's Full Self-Driving system, Optimus robots, and AI data centers. The deal is a significant …
Payment processors Visa, Mastercard, and Stripe are facing criticism for pressuring online gaming platforms Itch.io and Steam to remove hundreds of games deemed inappropriate by the Australian anti-porn lobby group, Coll…
The European Commission has accused Chinese e-commerce platform Temu of violating the EU's Digital Services Act by failing to prevent the sale of illegal products. A preliminary investigation found a high risk of illegal…