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Thursday, October 31, 2024
BusinessComcast announced a potential restructuring its cable networks by creating a separate, shareholder-owned company, President Mike Cavanagh shared during the Q3 2023 earnings call.
Thursday, October 31, 2024
BusinessSuper Micro, Eli Lilly, and Meta experienced less than stellar Wednesdays which was fueled by EY resigning as an SMCI auditor, Eli Lilly missing earnings projections, and Meta not being able to crack the code on turning Reality Labs profitable.
Thursday, October 24, 2024
BusinessDespite a 35% wage increase over four years and a $7,000 signing bonus, union members remain unsatisfied, citing the exclusion of defined pension benefits.
Monday, October 21, 2024
BusinessPerplexity AI is chasing a staggering $9 billion valuation in its latest funding round. The AI upstart, known for its conversational search tools, is throwing down the gauntlet, aiming to cement its place among the biggest players in the red-hot AI space.
Monday, October 21, 2024
BusinessIt’s the final flicker for the once-famous “Blue Light Special” as Kmart’s last standing store in Westwood, New Jersey, closes its doors for good.
Wednesday, October 16, 2024
BusinessThis investment aims to power Amazon's expanding network of data centers, which are increasingly energy-intensive due to the rising demand from AI and cloud computing.
Tuesday, October 15, 2024
BusinessThe decision comes as Walgreens faces post-pandemic challenges, including declining revenue due to weakening consumer demand, inflationary pressures, and supply chain disruptions.
Tuesday, October 15, 2024
BusinessThe partnership aims to deploy advanced reactor facilities totaling 500 MW by 2035, with Kairos Power responsible for building and operating the plants while selling the generated electricity to Google under long-term Power Purchase Agreements.
Monday, October 14, 2024
BusinessThe strike, driven by labor disputes, has cost Boeing over $1 billion monthly, all while Ortberg prepares to face investors for the first time later this month.
Friday, October 11, 2024
BusinessThe event, which showcased Tesla’s vision for fully autonomous vehicles, lacked crucial details on production timelines and regulatory progress, sparking concerns about the feasibility of the project.
Wednesday, October 09, 2024
BusinessNorthwood, the space startup co-founded by former Disney star Bridgit Mendler, has successfully completed its first major test by connecting a prototype antenna to Planet's satellites.
Tuesday, October 08, 2024
BusinessWith over $100 million in funding, Auger targets inefficiencies that plague companies still reliant on spreadsheets and disconnected tools.
Monday, October 07, 2024
BusinessWhile the convenience of AI technology to verify purchases directly from customers' carts is clear, questions loom about the impact on spending habits and potential data privacy concerns.
Friday, October 04, 2024
BusinessCOO Andrew Northwall couldn’t handle the heat and walked out in late September, leaving the volatile media company in the dust just as the presidential election chaos kicks into full gear.
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Thursday, October 03, 2024
BusinessOpenAI closed a mega funding round that catapulted its valuation to the tune of $157 billion from tech giant investors such as Microsoft, Nvidia, SoftBank, and Thrive Capital.
