Business Stellantis CEO Unveils Turnaround Plan as Stock Plunges 30% Under His Leadership May 20, 2026 Automaker Faces Critical Moment as CEO Presents Recovery Strategy Antonio Filosa, CEO of Stellantis, faces a pivotal moment Thursday. The Italian executive presents his turnaround plan at the automaker’s North…
Business 30-Year Treasury Yield Soars to Highest Level Since 2007 Amid Inflation Fears May 20, 2026 Bond Markets Signal Growing Inflation Concerns A massive bond selloff intensifies as inflation fears grip the Treasury market. Investors dump bonds at accelerating rates. The 30-year US Treasury yield hit…
Business After 177 Years, Milwaukee’s Historic Schlitz Beer Faces Final Pour May 19, 2026 Iconic Milwaukee Lager Reaches Last Call America says goodbye to one of its oldest beer brands. Pabst Brewing Co. has discontinued Schlitz, the legendary Milwaukee lager. The brand served American…
Business Starbucks Korea Chief Fired After Tank Day Campaign Outrages Nation May 19, 2026 Swift Termination Follows Marketing Disaster Starbucks Korea terminated its chief executive within hours of launching a disastrous promotion. Sohn Jeong-hyun lost his position after the Tank Day campaign ignited nationwide…
Business U.S. Prosecutors Drop Fraud Charges Against Indian Billionaire Gautam Adani May 19, 2026 The U.S. Department of Justice officially moved to dismiss criminal fraud charges against Gautam Adani, an Indian billionaire. Prosecutors filed the motion in federal court on Monday. Adani faced accusations…
Business Kevin Warsh to Be Sworn In as Fed Chair This Friday at White House May 19, 2026 Trump Breaks Tradition with White House Fed Chair Ceremony Kevin Warsh will be sworn in as the 17th Federal Reserve Chair this Friday. President Donald Trump will personally attend the…
Business Lululemon Rejects Founder Chip Wilson’s Board Nominees in Public Battle May 18, 2026 Lululemon Fires Back at Founder’s Takeover Attempt Lululemon has publicly rejected founder Chip Wilson’s proposals to reshape the struggling athleisure brand. The Vancouver-based company issued a strongly worded letter to…
Business NextEra Acquires Dominion in $190 Billion AI Power Merger May 18, 2026 Historic Utility Merger Targets AI Data Center Boom NextEra Energy will acquire Dominion Energy in an all-stock transaction valued at $190 billion. The deal creates the world’s largest regulated electric…
Business US Stock Futures Drop as Treasury Yields Surge Amid Oil Price Spike May 18, 2026 Market Pressures Mount as Bond Yields Climb US stock index futures edged lower on Monday morning. Rising Treasury yields and surging oil prices weighed heavily on equity markets. Investors now…
Business China Economy Slows Sharply as Industrial Output and Retail Sales Disappoint in April May 18, 2026 Economic Growth Falters at Start of Second Quarter China’s economy experienced a sharp slowdown in April, marking a concerning start to the second quarter. Industrial output reached just 4.1%, falling…
Business Berkshire Hathaway Portfolio Under Greg Abel Shifts Toward Alphabet And Delta May 18, 2026 Berkshire Hathaway’s Strategic Shift Under New Leadership Berkshire Hathaway, under new CEO Greg Abel, has made significant changes to its investment strategy. The conglomerate has reduced its 13F portfolio from…
Business Samsung Electronics, Union Hold Last-Ditch Talks To Avert Strike Threatening Global Supply Chains May 18, 2026 Samsung Electronics, Union Hold Last-Ditch Talks to Avert Strike Samsung Electronics and its labor union began high-stakes talks on Monday. The goal is to avert the largest strike in the…
Business Spacex Ipo May 15, 2026 Elon Musk’s SpaceX IPO: The Biggest Ever Elon Musk is preparing to launch the largest IPO ever with his space exploration and satellite company, SpaceX. The company is expected to…
Business Allegiant Air Completes Sun Country Merger in $1.5 Billion Deal May 14, 2026 Allegiant Air Completes $1.5 Billion Sun Country Airlines Merger Allegiant Air has officially finalized its purchase of Sun Country Airlines. The deal combines two of America’s most prominent low-cost carriers.…
Business Honda Posts First Annual Net Loss Since 1957 Stock Listing, Eyes Profit Recovery May 14, 2026 Honda Records Historic Loss as EV Strategy Rethink Costs Billions Honda Motor has reported its first annual net loss since its stock exchange listing in 1957. The Japanese automaker posted…
Business U.S. Producer Prices Surge at Fastest Pace in Four Years Amid Iran War and Tariff Pressures May 13, 2026 U.S. Producer Prices Post Biggest Monthly Jump Since March 2022 American wholesale inflation surged dramatically in April, delivering a jarring economic signal. The Producer Price Index jumped a seasonally adjusted…
Business Buc-ee’s Plans Major Expansion Into Six New States Over the Next Two Years May 13, 2026 Buc-ee’s Sets Its Sights on Six New States in a Major Nationwide Push Buc-ee’s is rolling out one of its most ambitious growth campaigns to date. The beloved travel center…
Business US Inflation Hits Highest Level Since 2023 as Energy and Housing Costs Surge May 12, 2026 US Inflation Reaches Highest Annual Rate Since May 2023 Consumer prices in the United States surged at a faster-than-expected pace in April. The Consumer Price Index rose 0.6% on a…
Business Byron Allen Buys Controlling Stake in BuzzFeed for $120 Million and Takes Over as CEO May 12, 2026 Byron Allen Acquires Majority Stake in BuzzFeed in $120 Million Deal Media entrepreneur Byron Allen has agreed to buy a controlling stake in BuzzFeed. Allen Family Digital, his investment arm,…
Business Aramco CEO Warns 1 Billion Lost Barrels Will Delay Oil Market Recovery May 10, 2026 Aramco CEO Amin Nasser Sounds the Alarm on Global Oil Shortfall Saudi Aramco’s CEO Amin Nasser stated that the world lost approximately 1 billion barrels of oil over the past…