business
Section 232 Investigation Launched by Commerce Department on Personal Protective Equipment On September 2, the United States Department of Commerce initiated a Section 232 investigation to determine the effects on national security of imports of personal protective equipment, medical consumables, and medical equipment. This investigation is part of a broader
business
Wednesday Night Market Recap No Change in Stock Futures Despite Recent Developments The stock market showed resilience on Wednesday night, with futures remaining little changed despite recent concerns about the latest U.S. government shutdown. The S&P 500 logged a fresh high, indicating that investors are cautiously optimistic
business
San Jose Sees Shift as Multiple Starbucks Locations Close, New Tenant Moves In In a significant shift in the city's retail landscape, four Starbucks locations in San Jose have recently closed their doors. This move comes on the heels of another coffee giant announcing its intention to shut
business
Elon Musk Reaches Historic Net Worth Milestone In a remarkable achievement, Tesla's CEO Elon Musk has become the first person to surpass a net worth of $500 billion (£370.9 billion). This historic milestone marks a significant turning point in Musk's illustrious career as an entrepreneur
business
Wolfspeed Emerge from Chapter 11 with Reduced Debt and New Board, But at What Cost? In May 2023, Wolfspeed (NYSE:WOLF), a leading manufacturer of high-performance semiconductors, emerged from Chapter 11 bankruptcy protection. The move was seen as a crucial step for the company to restructure its debt and improve
business
Spotify Co-Founder Daniel Ek to Step Down as CEO In a surprise move, Daniel Ek, the co-founder and current CEO of Spotify, has announced his decision to step down from his role as the company's leader. This news comes after more than 15 years at the helm of
business
Listeria Contamination Alert: Pre-Cooked Pasta Meals Recalled A recent health alert has been issued by public health authorities, warning consumers to discard pre-cooked pasta meals sold at two major retailers due to potential contamination with listeria. In this article, we will provide a detailed summary of the situation, the risks
business
Federal Trade Commission Sues Zillow and Redfin Over Anticompetitive Agreement In a significant development, the Federal Trade Commission (FTC) has filed a lawsuit against two major real estate companies, Zillow and Redfin, alleging that they have entered into an unlawful agreement that eliminates Redfin as a competitor in the market
business
The Rise of Silver Lake Management as a Dominant Player in Leveraged Buyouts For years, the leveraged buyout (LBO) market had been dominated by two titans: KKR & Co. and Blackstone Inc. These two companies have been at the forefront of this market for decades, with their names synonymous with
business
CoreWeave Stock Soars Amid AI Cloud Computing Deal with Meta In a significant development, the stock price of CoreWeave (CRWV) skyrocketed on Tuesday as the company announced an expanded artificial intelligence (AI) cloud computing agreement with Meta Platforms (META). This deal is expected to further solidify CoreWeave's position
business
OpenAI Unveils Sora 2: A Groundbreaking Audio and Video Generator In a significant development in the field of artificial intelligence (AI), OpenAI has announced the release of Sora 2, an advanced audio and video generator designed to succeed its predecessor, Sora. This new model promises to revolutionize the way we
business
Extension of EV Tax Credit Sparks Industry-Wide Response The automotive industry is abuzz with news that General Motors (GM) and Ford have joined forces to extend the $7,500 electric vehicle (EV) tax credit, which is set to expire for other automakers today. This move has sparked a wave of