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 JPMorgan Chase have intensified recently, although challenges remain and no deal is finalized. ...
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 rejection of "woke" advertising. The ads, reminiscent of a Brooke Shields Calvin Klein campaign, highlight Sweeney's...
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 last year. Higher costs and a weaker-than-expected third-quarter revenue guidance of €4.2 billion (versus a...
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 regulators will closely scrutinize the deal due to past consolidation issues causing significant traffic snarls. While some shippers fear monopolistic control,...
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 aircraft deliveries, now at their highest since 2018, signals a positive turnaround for the company. CEO Kelly...
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 hydrogen fuel cell project. US tariffs alone cost 300 million euros in...
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 tariff impacts (€1.5 billion total), was flagged last week. Despite...
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 transition is planned and orderly, with no health concerns cited. Jejurikar's appointment continues...
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 gains, boosted by a JPMorgan upgrade. The market awaits this week's Fed...
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 first Asian CEO in the company's history. This announcement follows P&G's recent decision to...
