Inside the Billion-Dollar Deal: Austin Russell’s Acquisition of Forbes
Luminar Technologies CEO Austin Russell has agreed to purchase an 82% majority stake in Forbes Global Media Holdings, in a...
Microsoft cuts 158 jobs in Washington state, not part of earlier layoffs
Microsoft is cutting 158 jobs in Washington State, a move that is not part of the 10,000 layoffs announced earlier...
FDIC proposes special assessment fee for big US banks to replenish failure fund
The Federal Deposit Insurance Corporation (FDIC) has announced that they will impose a "special assessment" fee of 0.125% on uninsured...
SoftBank’s Masayoshi Son in Debt: Owes $5.2 Billion in Side Deals
SoftBank Group CEO, Masayoshi Son, is facing personal responsibility for approximately $5.2 billion due to side deals he set up...
SoftBank’s Vision Fund Reports $32 Billion Loss Amid Tech Stocks Woes
SoftBank, the Japanese conglomerate, has recorded a record loss of 4.3 trillion Japanese yen ($32 billion) for its Vision Fund...
Disney to Combine Hulu and Disney+ Content for Streamlined Viewing Experience
Disney is set to merge Hulu and Disney+ into a single app by the end of the year, according to...
Inflation in the US dips to lowest levels since April 2021
According to the latest Consumer Price Index (CPI) released on Wednesday, the annual inflation rate slowed down slightly in April,...
From YouTube Fame to Real Estate Mogul: MrBeast Buys Up North Carolina Neighborhood
Jimmy Donaldson, who is widely known as MrBeast, is a 25-year-old YouTuber who has made millions of dollars through his...
Women Receive $215 Million Settlement in Goldman Sachs Gender Bias Suit
Goldman Sachs Group Inc. has agreed to pay $215 million to settle a lawsuit that accused the company of systematic...
PayPal shares slump following weak Q2 earnings
PayPal's stock price fell by 3.5% during Monday's after-hours trading after the company issued weak Q2 guidance, citing lower-than-expected adjusted...