Tag: Business

Spirit Airlines' Bankruptcy Leads to 200 Job Cuts: Cost-Cutting MeasuresSpirit Airlines, based in Dania Beach, Florida, is facing significant changes as it grapples with the aftermath of filing for Chapter 11 bankruptcy protection in...

**Potential Value of TikTok's U.S. Operations Could Reach $50 Billion**Business moguls like Elon Musk may need to open their wallets wide if they want to snatch up TikTok's U.S. operations. The popular social media...

**Stock Market Update: Allstate, Walgreens, Delta, Warner Bros. Discovery**In a surprising turn of events today, the stock market witnessed significant fluctuations, impacting major companies such as Allstate, Walgreens, Delta, and Warner Bros. Discovery. Investors...

Stock Market Update: Midday ReportIn the fast-paced world of investing, keeping an eye on the stock market midday is crucial for savvy investors looking to capitalize on emerging trends. Today, some top stocks are...

Chinese Smartphone Maker Honor Launches in IndonesiaChinese smartphone maker Honor, a spinoff of Huawei, has announced its plans to enter the Indonesian market by the end of March. This move comes as Indonesia has...

Tesla Stock Slides as Annual Deliveries DeclineTesla's fourth-quarter vehicle production and deliveries report was recently released, revealing some concerning numbers for the electric vehicle giant. In Q4 2024, Tesla delivered a total of 495,570...

House Democrats Slam GOP for Protecting Musk's China Interests in Funding BillElon Musk, the controversial tech mogul, found himself at the center of political turmoil as House Democrats criticized their Republican counterparts for allegedly...

Makoto Uchida, president and CEO of Nissan Motor, and Toshihiro Mibe, Honda Motor president and CEO, have made headlines with their potential merger talks in Japan. The two Japanese automakers are reportedly considering joining...

Jeff Bezos Embraces Trump Administration, Pledges to Reduce RegulationsAmazon founder and executive chairman, Jeff Bezos, expressed optimism about the incoming administration of President Donald Trump, signaling a willingness to assist in reducing regulations. Speaking...

Elon Musk is taking legal action to prevent OpenAI from transforming into a for-profit business. Musk, along with his AI startup xAI and former OpenAI board member Shivon Zilis, have filed for a preliminary...

As the holiday season approaches, more and more retailers are rethinking the size of their stores to cater to changing consumer needs and behaviors. Ikea, known for its large big box stores, has recently...

Bitcoin's price has been on a remarkable journey in November, with a nearly 40% increase that has brought it close to the $100,000 mark. This surge in price can be attributed to a variety...

The holiday season is approaching, and with it comes a unique twist this year based on the results of the 2024 presidential election. Many Americans are reevaluating their holiday spending plans based on their...

As the holiday season approaches, retailers are gearing up to attract shoppers looking for party outfits, makeup, toys, and other discretionary items. However, not all retailers are reaping the benefits of the festive season....

Artificial Intelligence (AI) has the potential to revolutionize the U.S. healthcare system and reduce the country's fiscal deficit, according to economists at the Brookings Institution. The economists suggest that AI could have a significant...

Ferrari is considered a unique case in Europe's automobile sector, standing out from other car giants facing pressure from potential U.S. tariffs. President-elect Donald Trump recently announced plans to impose tariffs on China, Canada,...

Shares of major global semiconductor equipment companies saw a significant increase on Thursday following reports that the U.S. is considering imposing sanctions on China's chip industry that may not be as strict as previously...

Generative artificial intelligence (GenAI) technology has been making waves in Silicon Valley, promising exciting new gadgets and gizmos for consumers. However, the reality is that many of these devices have not lived up to...

Inflation has increased to 2.3% annually, hitting the Federal Reserve's preferred target as reported by the Commerce Department on Wednesday. The personal consumption expenditures price index, which is the Fed's preferred measure of inflation,...

Unusual Machines, a small U.S. drone and drone component maker, experienced a significant surge in its share price of over 90% in premarket trading following the announcement that Donald Trump Jr. had joined its...

OpenAI, a leading AI startup, is making headlines with its recent $1.5 billion investment from SoftBank, allowing employees to sell their shares in a new tender offer. This move will give SoftBank a larger...

Federal Reserve officials recently discussed the state of the economy and the labor market during their November meeting, as reflected in the meeting minutes released this week. They expressed confidence that inflation is gradually...

After President-elect Donald Trump announced his pick for Treasury secretary, Scott Bessent, the U.S. stock market and bond markets reacted positively. Bessent, the founder and CEO of Key Square Group LP, is a well-known...

Intuit, a finance software company, saw a decline in its stock by 6% in after-hours trading due to a missed quarterly revenue forecast. The company's revenue forecast for the current quarter fell short of...

Bitcoin has hit a new all-time high, surging past the $99,000 level for the first time. This increase comes as investors are speculating on the possibility of a second term for Donald Trump as...

Target, one of the most popular retail stores, recently faced its biggest earnings miss in two years, leading to a significant drop in its stock value. The company attributed part of this setback to...

Adani Group, a prominent company in India, has recently faced serious allegations of bribery and fraud by U.S. authorities. The chairman of the group, Gautam Adani, has strongly denied these claims, stating that they...

NVIDIA CEO Jensen Huang recently shared his insights on the future of artificial intelligence (AI) and its impact on energy consumption and production at an event in Washington, DC. Following a successful quarter where...

The recent victory of President-elect Donald Trump has led to concerns about the U.S. imposing new tariffs, causing economists to predict that the euro could reach parity with the dollar by 2025.Following Trump's win,...

Comcast is making a big move by spinning off its cable network channels, according to sources familiar with the matter. This separation process is expected to take around a year, with an official announcement...

Financial technology unicorns are closely watching the recent move by Klarna to file for a U.S. IPO, despite not being in a rush to follow suit. Klarna's decision to go public has sparked speculation...

Super Micro Computer Inc., a server manufacturer, has recently appointed BDO as its new auditor in an effort to regain compliance with the Nasdaq exchange. This decision comes after the company fell behind in...

Warner Bros. Discovery has decided to end its pursuit of owning a package of live NBA games in the U.S. for the 2025-26 season and beyond. This decision comes after settling all legal disputes...

Spirit Airlines, a well-known budget airline, has recently filed for bankruptcy protection due to financial struggles. Despite this, the airline reassured its customers that operations will continue as normal, allowing them to book tickets...

Chinese tech giant Tencent is making strides in the cloud service industry by utilizing its WeChat super-app ecosystem to provide unique offerings to clients. Tencent Cloud CEO Dowson Tong highlighted the company's focus on...