Category: U.S.

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…]

Uber will raise the minimum wage for its drivers in France as part of a broader agreement with ride-hailing companies and driver representatives in the country. (Photo: Getty Images)
Estimated read time 3 min read
Business France U.S.

Uber’s decision to increase minimum wages for drivers in France marks a significant advancement in gig workers’ rights

  • Post Date 12/20/2023

Uber Technologies has announced plans to increase the minimum wage for its drivers in France, signaling a significant development in the ongoing debate over gig [more…]

Affirm announced its expanded partnership with Walmart, enabling customers to utilize Affirm's buy now, pay later feature at over 4,500 self-checkout kiosks across the U.S. (Photo: Affirm)
Estimated read time 3 min read
Business U.S.

Affirm’s stock surges as partnership with Walmart expands to self-checkout kiosks

  • Post Date 12/19/2023

Affirm Holdings experienced a significant surge in its stock price, soaring over 15% following the announcement of an expansion in its partnership with retail giant [more…]

Dec. 18, 2023 - Adobe and Figma mutually agreed to terminate the cash-and-stock transaction due to the lack of a clear path for regulatory approval. (Photo: Lisa Werner | Gettty)
Estimated read time 2 min read
Business European Union U.K. U.S.

Adobe cancels $20 billion Figma acquisition amid regulatory concerns

  • Post Date 12/18/2023

In a surprising turn of events, Adobe (ADBE) has called off its planned $20 billion acquisition of the collaboration-software company Figma. This decision comes after [more…]

Dec. 18, 2023 - Japan's Nippon Steel announced its acquisition of U.S. Steel for $14.9 billion, boosting its capacity in a market poised for a price increase. (Photo: Shutterstock)
Estimated read time 3 min read
Business Japan U.S.

Nippon Steel to acquire U.S. Steel in $14.9 billion deal

  • Post Date 12/18/2023

In a significant move that could reshape the global steel industry, Japan’s Nippon Steel has announced its plan to acquire U.S. Steel in a deal [more…]

Cruise autonomous vehicle unit of GM has terminated nine "key leaders" in response to continuous safety investigations prompted by an incident in San Francisco in October. (Photo: GM)
Estimated read time 3 min read
Business U.S.

GM’s Cruise autonomous vehicle unit shakes up leadership due safety investigations

  • Post Date 12/14/2023

In a significant development for General Motors’ Cruise autonomous vehicle unit, nine key leaders have been dismissed in the wake of ongoing safety investigations triggered [more…]