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Investors take note
The oil and gas industry is facing challenges in 2023, with falling earnings for most companies despite the relatively high price of oil at around $80 per barrel. Natural gas prices have fallen drama...
ESPN announces cost-cutting measures
ESPN has begun employee layoffs, targeting lower-tier roles. The network plans to continue the process through Wednesday, with further cuts expected as part of a restructuring plan. ...
Bud Light faces backlash over transgender partnership
Transgender influencer Dylan Mulvaney, with 10.8 million TikTok followers, has been silent for 16 days due to backlash over her partnership with ...
Proxy battle erupts
Carl Icahn accused Illumina's board of ignoring shareholder questions and being evasive due to their reliance on big shareholders for protection.
Illumina is a biotechnology company that provides tools for genetic analysis. The ...
Ben and Jerry's first-ever union election
Workers at Ben and Jerry's flagship ice cream shop in Burlington, Vt., are filing for a union election on Monday. If successful, they will become the first of the company's U.S. locations to unionize. The mo...
Intel's new move
Intel has recently announced an agreement with Arm that will make Intel a viable manufacturing option for any Arm-based chip designer. This is a significant move, given that Arm-based chips cu...
Trump's Truth Social flop
Former President Donald J. Trump recently released a personal financial disclosure to the FEC, providing the public with insight into his post-presidential business dealings.
Wh...
Broadcom's VMware takeover
The $61 billion acquisition of VMware by Broadcom is currently under investigation by the European Commission and the Competition and Markets Authority in the UK. The deal has raised concerns ...
Call for antitrust investigation
Four Democratic lawmakers, including Sen. Elizabeth Warren (D-MA), have called for an inquiry into the alleged anticompetitive actions of the Warner Bros. Discovery (NASDAQ: WBD) deal. The merger between AT&T's W...
McDonald's layoff
McDonald's recent decision to lay off hundreds of corporate employees has come as a surprise to many, given the company's impressive financial performance in 2022.
According to documents obtained by NPR, the fast food giant saw an...
Board shake-up sends Cano Health shares soaring
Cano Health, a leading value-based primary care provider and population health company, has experienced a few days of volatile trading. Here's what you need to know.
Board members resign, sparking sha...
Disney to cut jobs and costs internationally
According to inside and outside sources, Disney is expected to make redundancies and budget cuts soon, with plans currently being finalized.
Disney+ employs around 5,000 people globally, with 40% based i...
Investigation into financial product
Massachusetts authorities are investigating Citizens Financial (NYSE:CFG) over the sale of financial products by its subsidiary, Citizens Securities, which includes Colorado Bankers Life Insurance (CBL).
The ong...
Social Network Update
Twitter is shaking things up with its latest push for paid subscriptions. Starting April 15th, only paid subscribers' tweets will be promoted, and non-subscribers will not be allowed to v...
First Citizens Bank cements position as major player in US banking with Silicon Valley Bank takeover
Deal betyween banks
First Citizens Bank, shortly FCB, has recently made headlines with its announcement of the acquisition of Silicon Valley Bank's US operations, following the bank's collapse.
This deal...
Stores of the sport clothes
Foot Locker, the popular sports apparel and footwear retailer, recently announced its decision to shut down more than 400 under-performing stores located in shopping malls over the text three years. This is...
Exploring the valuable assets held by Signature Bank in the US
The recent collapse of Signature Bank (SB) has resulted in its acquisition by New York Community Bancorp (NYCB), making it the 3rd largest bank failure in US history with asset...
Kohl's reinvents itself
Kohl's has faced a challenging year and survived by reinventing itself. In addition to introducing gender-neutral clothing and clothing for the differently-abled, Kohl's has created a Discover Kohl's section that focuses on f...
After the close of trading
On Friday, the US stock market experienced a fall, with negative dynamics from the financial, industrial, and commodity sectors.
The Dow Jones dropped by 1.07% to reach a three-month low, while the S&P 500 and NASDAQ ...
Oracle's Cloud Revenue Soars by 45% But Fails to Meet Expectations - Shares Drop in Extended Trading
Oracle report and shares
Oracle Corp. has reported its fiscal third-quarter revenue, which increased by 18% to $12.4 billion, a figure that is just shy of analysts' average estimate of $12.41 billion.
The company's cloud revenue segment, which it h...
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