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American Airlines rejects United merger talks, citing antitrust and competition risks
American Airlines formally denied interest or engagement in merger discussions with United Airlines late Friday. The announcement followed reports that...
OpenAI commits $20 billion to Cerebras, challenging Nvidia’s chip dominance
OpenAI agreed to spend more than $20 billion over three years on AI servers from chip startup Cerebras Systems. The agreement includes a potential equity stake...
GLD Rises for Fourth Straight Week, Driven by Weak Dollar and Tensions
Gold prices rose for the fourth consecutive week. This trend directly increased the value of SPDR Gold Shares (GLD). A weakening U.S. dollar primarily drove...
Berkshire Hathaway tightens oversight under Abel, prioritizing $370 billion cash reserve
CEO Greg Abel is adopting a more hands-on management style than predecessor Warren Buffett. He is demanding higher operational efficiency and capital returns...
QVC Group files for Chapter 11, slashing $5.3 billion for streaming pivot
QVC Group, the parent of QVC and HSN, filed for voluntary Chapter 11 bankruptcy protection. The prepackaged restructuring agreement with a majority of lenders...
Nestlé and Hershey slash cocoa content, pivoting to fillers and lab-grown alternatives
Cocoa futures surged to over $12,000 per ton in late 2024. This extreme price volatility led Nestlé, Mondelēz International, and Hershey to permanently reduce...
Aevex Jumps 22% in NYSE Debut, Riding Defense Tech Demand
Aevex shares surged as much as 22% in their New York Stock Exchange debut on Friday. The drone and aerial intelligence provider trades under the ticker...
Blue Owl CEOs Stop Pledging Shares, Cutting Margin Call Risk
Blue Owl Capital co-CEOs Doug Ostrover and Marc Lipschultz revised their personal loan terms to stop pledging company shares as collateral. The executives made...
BYD Enters UK Commercial Vehicle Market with Dolphin Cargo e-Van
BYD entered the UK light commercial vehicle (LCV) market by debuting the Dolphin Cargo e-Van at the Commercial Vehicle Show 2026. This expansion targets the...
Exxon and Marathon tap 26M barrel oil loan to curb prices
The U.S. Department of Energy released 26.03 million barrels of crude oil from the Strategic Petroleum Reserve. This marks the third and largest loan since the...
Meta to Launch Major Layoffs May 20, Seeking Operational Efficiency
Meta will begin a significant wave of layoffs starting May 20. The company is reducing its workforce to reassess growth strategies and operational...
Tesla launches Taiwan hiring spree for Terafab AI chip production
Tesla has launched a major recruitment drive in Taiwan for its Terafab AI chip manufacturing project. The company is hiring semiconductor engineers specialized...
Russia Plans 7 Monthly Ukraine Strikes, Boosting Defense Contractor Orders
Russia escalated its aerial assault on Ukraine with a protracted series of missile and drone attacks. The strikes killed at least 18 people across several...
Booking Holdings Surges 3.5% on Reaffirmed Outlook and Stock Split
Booking Holdings (BKNG) shares climbed 3.58% during intraday trading on April 17, 2026. This momentum follows a 25-for-1 stock split that became effective on...
Salesforce launches Headless 360, driving $2.9 billion in annual AI revenue
Salesforce unveiled its Headless 360 initiative at the TDX developer conference, marking a major strategic shift toward an AI-centric future. This...
Walmart Revamps 650 Stores, Accelerating Store of the Future Strategy
Walmart will remodel 650 Supercenters and Neighborhood Markets in 2026. The retailer plans to open approximately 20 new locations by early 2027. This expansion...
Home Depot buys Simpl Automation, shares jump 4% on delivery push
Home Depot acquired Simpl Automation, a Massachusetts-based warehouse technology firm. The companies did not disclose the financial terms of the deal. The...
Netflix Plunges 10%, Driven by Soft Guidance and Hastings Exit
Netflix (NFLX) shares fell more than 10% on Friday. The company reported first-quarter earnings per share of $1.23, beating the $0.79 forecast. Management...
RTX Powers Northrop’s Talon Blue Drone, Accelerating Air Force CCA Program
RTX’s Pratt & Whitney will provide the propulsion system for Northrop Grumman’s YFQ-48A Talon Blue. The aircraft serves as a prototype for the U.S. Air Force’s...
Gold Surges to $4,900, Iran Reopens Strait of Hormuz
Gold prices climbed as Iran reopened the Strait of Hormuz to commercial shipping. This de-escalation in the Middle East caused oil prices to fall. Easing...