News
American Airlines stock falls after cutting profit outlook
Share prices of American Airlines fell around 15% on Wednesday after the company revised down its second-quarter outlook and shared...
Top FTX exec gets 7.5-year prison sentence
Ryan Salame, formerly the head of FTX's subsidiary in the Bahamas, was sentenced to seven and a half years in...
T-Mobile spends $4.4B to acquire majority of U.S. Cellular
In an effort to improve wireless connection in underserved, rural parts of America, T-Mobile announced that it will purchase almost...
Consumer confidence improves for the first time in four months
After three straight months of decline, The Conference Board's Consumer Confidence Index inched upward for the month, increasing to 102...
Movies have worst Memorial Day weekend since 1995
The U.S. box office for Memorial Day weekend is estimated to reach just $128.3 million, the lowest sales since $117.1...
Musk’s AI startup now valued at $24B
xAI, a startup from Tesla owner Elon Musk, reached a post-money valuation of $24 billion after raising $6 billion in...
FAA: Boeing has a long way to go in addressing safety issues
As Boeing prepares to submit a plan to address safety problems, Federal Aviation Administrator Mike Whitaker said the airplane manufacturer...
Weekly unemployment claims continue to fall
Unemployment claim applications continue to stay at historically low levels, with the number of Americans applying last week falling again...
Justice Department sues to break up Live Nation
The U.S. Justice Department filed a lawsuit Thursday against Live Nation, the parent company of Ticketmaster, claiming that the company...
As vaccine demand drops, Pfizer looks to cut costs
In a filing with the U.S. Securities and Exchange Commission, Pfizer shared its multi-year plans to reduce costs on goods...
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