It’s time for a wellness check at CVS Health. Shares of the company are down more than 20% this year as it grapples with higher-than-expected…
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Business
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Business
OpenAI closes funding at $157 billion valuation as Microsoft, Nvidia, SoftBank join round
by adminOpenAI has closed its long-awaited funding round at a valuation of $157 billion, including the $6.6 billion the company raised from an extensive…
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Starlink, the satellite internet service from SpaceX, is poised to become a crucial lifeline in parts of southern Appalachia that were devastated by…
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Liberty Media-owned Formula One and luxury giant LVMH are entering into a 10-year partnership, according to a joint press release from the companies Wednesday afternoon. …
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Tens of thousands of longshoremen went on strike at midnight ET, shutting down major ports along the East and Gulf coasts and choking…
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PepsiCo said Tuesday that it’s buying Mexican-American food company Siete Foods for $1.2 billion, marking the company’s first food acquisition in roughly five years.…
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As Microsoft investors get ready for quarterly earnings this month, there’s one particular metric that’s become increasingly important: finance leases. A finance lease lets a…
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Business
Sam Altman tells OpenAI staff there’s no plan for him to receive ‘giant equity stake’ in company
by adminAt an all-hands meeting Thursday, OpenAI CEO Sam Altman denied that there are plans for him to receive a “giant equity stake” in…
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Business
Retailers scramble to move billions in cargo as East Coast dockworkers prepare to strike
by adminWith a potential strike at ports up and down the East Coast and along the Gulf Coast set to begin after midnight Monday,…
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Tiger Woods’ new logo for his Sun Day Red golf apparel line is facing a trademark dispute. Tigeraire, a company that makes cooling…