Yellow Corp., the trucking company that received a $700 million loan from the U.S. government during the pandemic, filed for Chapter 11 bankruptcy protection on...
Proterra’s Bankruptcy and Nasdaq Delisting: What Went Wrong for the EV Bus Maker
Proterra, a company that makes electric buses and batteries, filed for Chapter 11 bankruptcy protection on Monday, August 7, 2023, after failing to repay its...
Disney’s Streaming and TV Woes: A Double Whammy for the Media Giant
Disney, the world’s largest media and entertainment company, is facing a tough challenge as it tries to balance its streaming and traditional TV businesses. The...
TSMC Faces Opposition from US Union over Taiwanese Workers
TSMC (TSM), the world’s largest contract chipmaker and a key supplier for Apple (AAPL), is facing opposition from a US union over its plan to...
How a Beer Billionaire Invests in Stocks with the Help of His Ex-Babysitter
Jim Koch, the co-founder and chairman of Boston Beer Company (SAM), the maker of Samuel Adams beer, has a unique way of investing in stocks....
Italy Revises Bank Windfall Tax After Market Turmoil
Italy has revised its plan to impose a windfall tax on banks, after the announcement of the measure caused a market turmoil that erased $10...
Sony Pictures Reports Sharp Decline in Quarterly Profit
Sony Pictures, the film and television division of Sony Corporation, reported a sharp decline in its quarterly profit for the first quarter of 2023, which...
AMD Stock Soars to New Highs on Strong Demand and Big Money Flows
AMD (AMD), the semiconductor company that produces chips for computers, gaming consoles, and data centers, has seen its stock price surge to new highs in...
Disney to Report Q3 Earnings Amid Pandemic Recovery and Streaming Challenges
Disney (DIS), the media and entertainment giant, is scheduled to release its fiscal third-quarter earnings on Wednesday, August 9, after the market closes. Analysts expect...
Apple Shares Fall After Disappointing Quarterly Earnings Report
Apple Inc., the world’s most valuable company, saw its shares drop by more than 5% on Wednesday, after it reported lower-than-expected earnings for the fourth...
ESPN Enters Sports Betting Market with $1.5 Billion Deal with Penn Entertainment
ESPN, the leading sports media network owned by Disney, has announced a landmark deal with Penn Entertainment, a gaming and entertainment company, to enter the...
Florida Ticket Wins Record-Breaking Mega Millions Jackpot of $1.58 Billion
A lucky ticket sold in Florida has won the largest Mega Millions jackpot in history, with a staggering prize of $1.58 billion. The ticket matched...
UAW President Slams Stellantis for Trying to Gut Benefits During Negotiations
UAW President Shawn Fain expressed his outrage at the contract proposals from Stellantis, the owner of Jeep, Ram, Chrysler, Dodge and Fiat brands, during a...
UK Economy to Suffer Five Years of Lost Growth, Think Tank Warns
The UK economy is facing a bleak outlook, as a triple shock of Brexit, Covid and the Ukraine war has severely damaged its prospects for...
Country Garden Faces Default Risk as Coupon Payments Delayed
Country Garden Holdings Co., one of China’s largest real estate developers, is facing the risk of default as some of its bondholders have not received...
How to Start a For-Profit Business for a Cause: A Reddit User Asks
Many people have a passion for a social or environmental cause, but they may not know how to turn it into a profitable business. A...