US stocks rebounded on Monday, with the S&P 500 up 0.9%, the Dow gaining 0.8%, and the Nasdaq rising 1.5%. Oil prices eased, falling after Friday's surge following Israeli attacks on Iranian targets. While concerns remain about escalating conflict and its impact on oil supply, hopes for contained...
Home decor retailer At Home, with over 200 US locations, filed for Chapter 11 bankruptcy Monday. The restructuring aims to eliminate $2 billion in debt and secure $200 million in capital. The company, owned by Hellman & Friedman, cited rising tariffs and a slowdown in consumer demand for...
The Trump Organization launched Trump Mobile, a 5G wireless service offering an unlimited plan for $47.45 monthly. Donald Trump Jr. and Eric Trump announced the MVNO, utilizing major US carriers. The service includes a new phone, the T1, and various additional benefits like roadside assistance and telehealth. ...
The Trump Organization launched "Trump Mobile," a new mobile phone plan and a $499 smartphone. The plan, called "The 47 Plan," costs $47.45 monthly and includes unlimited talk, text, data, roadside assistance, and telehealth benefits. The "T1" smartphone features a gold case with an American flag. This venture...
President Trump secured a "golden share" in U.S. Steel as part of a deal allowing Nippon Steel's investment. This grants Trump significant control, including veto power over major decisions like relocation, job transfers, and investment reductions. The deal, valued at over $28 billion, includes new investments and a modern...
Elon Musk is fighting to keep federal tax incentives for electric vehicles (EVs). President Trump's proposed bill would eliminate these incentives, potentially harming Tesla's sales. Tesla, however, possesses substantial cash reserves and positive profit margins, making it better positioned than smaller competitors to weather this potential change. While...
Starbucks CEO Brian Niccol is implementing a turnaround strategy focused on improving employee morale and customer experience. This includes adding seating to cafes, increasing internal promotions (aiming for 90% of store managers from within), and improving the mobile app. A new coffee, the 1971 Roast, and a three-day...
Donald Trump's 2024 financial disclosure reveals over $57 million in income from his cryptocurrency venture, World Liberty Financial (WLF), controlled by his sons and Barron Trump. WLF's USD1 stablecoin launch coincides with Senate consideration of the GENIUS Act, raising concerns about potential conflicts of interest. Other significant income...
Anne Wojcicki's nonprofit, TTAM Research Institute, will acquire the bankrupt genetic testing company 23andMe for $305 million, outbidding Regeneron Pharmaceuticals. The acquisition, which includes 23andMe's assets and customer data, follows 23andMe's Chapter 11 bankruptcy filing in March, marked by staff cuts and the resignation of its board. TTAM...
Safeway and Albertsons workers in four Colorado cities initiated a strike Sunday after nine months of unsuccessful contract negotiations. The United Food and Commercial Workers Local 7 cited unfair labor practices, including bad-faith bargaining and worker intimidation, as reasons for the walkout. The strike, impacting stores in Estes...
