business

News of New York

Rubrik's IPO Filing, Supported by Microsoft, Reveals $354 Million Loss
2 April 2024
4177
IPO Bound Rubrik Inc., a cloud and data security startup backed by Microsoft, is preparing for an IPO on the New York Stock Exchange under the ticker RBRK, highlighting its expanding role in the tech industry. Financial Hig...
UPS to Become U.S. Postal Service's Main Air Cargo Provider, Ousting FedEx
1 April 2024
3878
Logistics Disruption The landscape of air cargo logistics is shifting as United Parcel Service (UPS) steps into the role of primary air cargo provider for the United States Postal Service (USPS), marking the end of a longstanding partnership between...
Bernstein: Tesla Stock to Drop 33% on High Valuation, Lack of Catalysts
27 March 2024
4078
Tesla's Quest The discourse surrounding Tesla's stock price has intensified in recent times, with mounting scrutiny directed towards its seemingly lofty valuation juxtaposed against concerns regarding its performance and growth trajectory. Comparat...
Renault Nears Battery Recycling Deals with Partners, Reveals Executive
26 March 2024
4809
Renault's Green Vision In the dynamic landscape of electric vehicles (EVs), Renault, under the visionary leadership of Jean-Philippe Bahuaud, is spearheading a paradigm shift in sustainable prac...
Oaknorth Profit Soars with US Expansion Plans and IPO Consideration
25 March 2024
4063
Oaknorth Rockets to Record Profits Challenger bank Oaknorth celebrates a remarkable fiscal year marked by soaring profits and ambitious expansion plans, signaling its potential entry into the public market. In a stellar display of financial prowess...
Nippon Steel Shifts US HQ to Pittsburgh, Boosting US Steel Partnership
19 March 2024
4312
Steel Titans Clash In a bold move aimed at solidifying its proposed $15-billion acquisition of U.S. Steel, Nippon Steel announced plans to relocate its U.S. headquarters to Pittsburgh, aligning closely with its target's base. Th...
VinFast EV Founder Expands Global Reach with New Charging Stations Venture
18 March 2024
5540
Driving Sustainable Progress Elevating the landscape of electric vehicle infrastructure, V-Eco emerges as the brainchild of visionary entrepreneur Pham Nhat Vuong. With a resolute focus on driving sustainable progress, V-Eco...
Disney Pays Millions to ValueAct Before Winning Proxy Fight Support, Activist Claims
12 March 2024
4230
The Secret Pact In a recent revelation, Blackwells Capital has called into question the independence of ValueAct Capital's support for Disney's board. This scrutiny emerged following disclosures that ValueAct, a firm with a notable $12 billion under...
Ex-U.S. Official Drives NY Bank Stock Surge with Rescue Initiative
8 March 2024
4079
Banking on Redemption Shares of New York Community Bank (NYCB) surged on Thursday, propelled by news of a $1 billion rescue orchestrated by former Treasury Secretary Steven Mnuchin and his firm, Liberty Strategic Capital. Financial Turbulence and R...
NY Yankees Eyeing 3-Time All-Star Pitcher for $260M Deal
7 March 2024
4224
Pitching Powerplay The New York Yankees are gearing up for a crucial offseason after a disappointing 2023 season. With big names like outfielder Juan Soto and pitcher Corbin Burnes on the radar, General Manager Brian Cashman faces pivotal decisions ...
Study Reveals: Top Car Brands Symbolizing Success in America
5 March 2024
4170
Revolutionizing Wheels Embracing automotive culture extends beyond transport, embodying individuality, ambition, and status. In a recent study by Tinting Chicago, American automotive desires reveal iconic cars that transcend function to become symbo...
JetBlue, Spirit End $3.8B Merger After Antitrust Suit Loss
4 March 2024
4076
Flight to Nowhere JetBlue Airways and Spirit Airlines have announced the termination of their merger agreement, a decision following a recent federal antitrust lawsuit setback. In a January twist, a fede...
NY AG: Meat Giant's False Environmental Claims Boost Sales
29 February 2024
4288
The Beef with Greenwashing On Wednesday, NY Attorney General Letitia James sued meat giant JBS, accusing it of misleading environmental promises, particularly its claim to achieve net-zero emissions by 20...
Massive Company Stock Sell-Off: Bezos, Black, Dimon, Walton Family Cash Out $11 Billion
28 February 2024
4698
Inside the Billionaire Exodus As the market scales dizzying heights, a wave of high-profile figures is seizing the opportunity to offload hefty chunks of their company shares. From tech titans to financial moguls, the sell-off frenzy is hitting head...
Capital One Acquiring Discover: Consumer Lending Powerhouse Emerges
20 February 2024
4278
Credit Card Giants Clash Capital One acquired Discover Financial Services in a $35.3 billion all-stock deal, reshaping the credit card industry. Matt Schulz of LendingTree says it's a big ...
Ford CEO: Competition with Chinese EVs to Surge by 2024
19 February 2024
4140
Electrifying Evolution In a recent address at the Wolfe Research Global Auto and Auto Tech Conference, Ford's CEO Jim Farley reflected on pivotal aspects of the company's trajectory, spanning from labor relations to electric vehicle (EV) strategies....
Five-Year Probe: Trump's Persistent Fraud Investigation
18 February 2024
4219
Trump's Financial Reckoning In a decisive blow to the once-mighty empire of Donald Trump, justice has finally caught up with the former magnate. Like a relentless storm, the verdict targets the very pillars of his influence: his wealth, his esteemed...
2024 F1 Season: Mercedes Reveals New W15 Model
14 February 2024
6875
Silver Arrows Shine Again Unveiled on Wednesday, the W15 is the culmination of a year-long design journey, emerging as a distinctive competitor. “The process of designing a car is iterative and extensive,” says J...
Tiger Woods Teams Up with TaylorMade for Apparel & Footwear Post-Nike Split
13 February 2024
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Teeing Off in Style The collaboration between Tiger Woods and TaylorMade marks a pivotal moment in the world of golf fashion and performance wear. Departing from his longstanding partnership with Nike, Woods embarks on a&nbs...
Russian Billionaire's Power Machines Wins Lawsuit Against PetroVietnam
12 February 2024
4147
Power Machines Prevails In a recent legal victory, Power Machines, a prominent Russian, manufacturer of power equipment under the stewardship of billionaire Alexey Mordashov, emerged triumphant in a dispute against PetroVietnam, the state-owned oil ...
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