Business

SpaceX Shares Reclaim $135 IPO Price as Rally Extends Through Monday Close

SpaceX shares have climbed back to their $135 IPO price, recovering post-debut losses as a buying rally extended through Monday's close.

SpaceX Shares Reclaim $135 IPO Price as Rally Extends Through Monday Close

SpaceX shares have climbed back to their $135 IPO price, recovering post-debut losses as a buying rally extended through Monday's close.

Nvidia and Wall Street Giants Plan $500 Billion Financing Push for AI Infrastructure

Nvidia is reportedly teaming with major Wall Street banks on a $500 billion financing push to fund the global buildout of AI infrastructure.

Vertex Shares Climb as Rival Sionna’s Cystic Fibrosis Drug Fails Key Trial

Vertex Pharmaceuticals shares surged after rival Sionna Therapeutics saw its stock plunge roughly 90% on a failed cystic fibrosis drug trial.

US Appeals Court Clears Path for Thousands of Social Media Addiction Lawsuits

A US appeals court has allowed thousands of lawsuits accusing social media firms of addicting young users to move forward, testing Section 230 protections.

Airlines See Higher Revenues as Travelers Face Increasing Airfares

Airlines are reporting better-than-expected unit revenues as the summer travel season comes to a close, indicating that travelers will likely face higher airfares in...

McDonald’s Extends $5 Value Meal to Win Back Budget-Conscious Consumers

McDonald’s is extending its popular $5 value meal into December in most U.S. markets in an effort to recapture lower-income consumers. Franchisees across the...

American Airlines Flight Attendants Approve New Contract with 20.5% Pay Raises

American Airlines flight attendants have approved a five-year labor contract, bringing an end to prolonged negotiations and securing substantial pay increases. The agreement, approved...

Jeep Targets 1 Million U.S. Sales by 2027 Amid Turnaround Efforts

Jeep, a prominent name in the SUV market, is targeting a significant recovery with a goal of reaching 1 million U.S. vehicle sales by...

United Airlines to Offer Free Inflight Wi-Fi with SpaceX’s Starlink

United Airlines announced it will offer free inflight Wi-Fi powered by SpaceX’s Starlink on its fleet of over 1,000 planes, marking the largest partnership...

Boeing Workers Strike After Rejecting Labor Contract, Halting Airplane Production

Boeing factory workers initiated a strike after midnight on Friday, halting production of the company's bestselling airplanes. The strike came after 94.6% of workers...

SAFE Bet Act Introduced to Regulate U.S. Sports Gambling Amid Concerns

In response to the rapid expansion of sports gambling across the United States, lawmakers Rep. Paul Tonko (D-N.Y.) and Sen. Richard Blumenthal (D-Conn.) have...

Alzheimer’s Patients Hope for More Time as Leqembi Offers New Treatment Option

Leqembi, a new Alzheimer’s treatment developed by Biogen and Eisai, is offering hope to patients in the early stages of the disease by slowing...

Nelson Peltz Steps Down as Wendy’s Chairman After 17 Years

Nelson Peltz has stepped down as chairman of Wendy’s, ending a 17-year tenure at the fast-food chain. The company announced that Peltz’s departure is...

Big Lots Files for Bankruptcy Amid High Interest Rates and Sluggish Housing Market

Discount home goods retailer Big Lots has filed for Chapter 11 bankruptcy protection, citing the impact of high interest rates and a sluggish housing...

Goldman Sachs to Take $400M Hit as It Unwinds Consumer Business

Goldman Sachs is set to report a pretax loss of approximately $400 million in its third-quarter earnings as the bank continues to exit its...

DirecTV and Disney Carriage Dispute Threatens NFL Monday Night Football for Millions of Viewers

Millions of DirecTV customers may miss the NFL's opening Monday Night Football game on ESPN as a deal with Disney, which owns ESPN, remains...

Beijing Times Clarifies Independence: No Ties to the Chinese Government, Ending Global Political Coverage

In light of recent events and concerns, Beijing Times has made the decision to discontinue all political coverage across the globe. This change reflects...

China’s Central Bank Pauses Gold Purchases for Fourth Consecutive Month Amid Rising Prices

China's central bank, the People’s Bank of China (PBOC), has paused its gold purchases for the fourth consecutive month in August, according to official...

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