Category: U.S.

Netflix added over 13 million subscribers in the fourth quarter, surpassing expectations by a significant margin. (Photo: BlogTO)
Estimated read time 2 min read
Business U.S.

Netflix surges as subscriber numbers soar and WWE deal announced

  • Post Date 01/23/2024

Shares of Netflix soared by 7% after the closing bell on Tuesday following the company’s announcement of a substantial increase in subscribers during the fourth [more…]

China's internet regulator is conducting a security review of Shein, as the company will need approval from both U.S. and Chinese agencies for its U.S. IPO. (Photo: NurPhoto | Getty Images)
Estimated read time 3 min read
Business China U.S.

China’s Shein faces regulatory review ahead of U.S. IPO

  • Post Date 01/18/2024

China’s leading fast-fashion brand Shein is undergoing a comprehensive security review by China’s Cyberspace Administration (CAC) as it prepares for its much-anticipated initial public offering [more…]

Volkswagen, the German behemoth, is currently engaged in discussions with France's Blue Solutions, a company that is known for manufacturing solid-state batteries for Daimler electric buses. (Photo: European Auto News)
Estimated read time 3 min read
Business France Germany U.S.

Volkswagen’s quest for EV batteries, exploring options beyond QuantumScape

  • Post Date 01/17/2024

Volkswagen has been at the forefront of the electric vehicle (EV) revolution, with ambitions to develop solid-state batteries that promise longer ranges and shorter charging [more…]

Following a lawsuit by the Justice Department aimed at preventing the merger, a federal judge has halted JetBlue Airways’ acquisition of its budget competitor, Spirit Airlines. (Photo: Flyer Talk)
Estimated read time 2 min read
Business U.S.

Federal Judge blocks JetBlue’s acquisition of Spirit Airlines

  • Post Date 01/17/2024

In a significant blow to JetBlue Airways, a federal judge has blocked its $3.8 billion purchase of Spirit Airlines after the Justice Department sued to [more…]

On Friday, Citigroup's CFO Mark Mason announced that the company plans to lay off 20,000 employees over the next two years, following its report of a $1.8 billion net loss for the fourth quarter of 2023 (Photo: Jim Dyson | Getty Images)
Estimated read time 2 min read
Business U.S.

Citigroup announces massive layoffs following fourth quarter loss

  • Post Date 01/12/2024

Citigroup’s CFO Mark Mason announced on Friday that the company plans to lay off 20,000 employees over the next two years. This decision comes after [more…]

Dec. 22, 2023 - Bristol Myers has agreed to purchase Karuna for $14 billion in cash, acquiring a promising experimental schizophrenia drug to fuel future growth. (Photo: Karuna Therapeutics)
Estimated read time 2 min read
Business U.S.

Bristol Myers Squibb’s $14 billion acquisition of Karuna Therapeutics is a strategic step to strengthen its drug portfolio

  • Post Date 12/22/2023

In a significant strategic move, Bristol Myers Squibb (BMS) has announced its acquisition of Karuna Therapeutics for a staggering $14 billion in cash. This acquisition [more…]

According to flight data, Juneyao Airlines was slated to receive the wide-body 787 Dreamliner, marking the first direct Boeing delivery to a Chinese airline since late 2019. (Photo: Juneyao Airlines)
Estimated read time 3 min read
Business China U.S.

Boeing resumes direct 787 Dreamliner deliveries to Chinese airlines, opening path for 737 Max

  • Post Date 12/21/2023

In a significant development for Boeing, the aerospace giant has handed over a 787 Dreamliner directly to a Chinese airline for the first time since [more…]