Business
All the latest news stories about the business world: mergers, IPOs, trends, personalities, and more
Jerry quits Ben & Jerry’s, saying it has stifled his voice on issues
Ben & Jerry’s co-founder Jerry Greenfield is leaving the ice cream brand after 47 years. He says the freedom the company used to have to speak up on social issues has been stifled
YouTube Announces $100 Billion Payout to Creators
YouTube has announced that it has paid out over $100 billion to creators, artists, and media companies since 2021.
Eli Lilly To Spend $5 Billion in New Virginia Plant
Eli Lilly announced plans to build a $5 billion manufacturing facility in Goochland County, Virginia, aimed at producing active pharmaceutical ingredients.
U.S. Safety Agency Probes Tesla Model Y Door Handles
The U.S. National Highway Traffic Safety Administration has launched a preliminary investigation into about 174,000 Tesla Model Y vehicles.
Microsoft Pledges $30B Boost to UK A.I. Infrastructure
Microsoft announced a sweeping plan on Tuesday to invest over $30 billion in the U.K. by 2028, including $15.5 billion in capital expenditures.
Mortgage Rates Fall Sharply as Fed Rate Cut Expected
Mortgage rates dropped steeply on Tuesday, with the average rate for a 30‑year fixed mortgage hitting a little above 6%.
Trump Admin. Orders End to Delta, Aeromexico Joint Venture O
The Trump administration has ordered Delta Air Lines and AeroMexico to dismantle their joint venture by January 1.
Meta Shifts Metaverse Strategy to Smart Glasses
Meta is pivoting its multibillion-dollar metaverse strategy toward smart glasses, preparing to unveil its most advanced pair yet, codenamed “Hypernova”.
FDA takes aim at Hims & Hers, weight loss drugs in new advertising blitz
The Trump administration has issued its first warnings to online services that offer unofficial versions of popular drugs like the blockbuster obesity treatment Wegovy.
McDonald’s will invest $200 million in regenerative cattle ranches
McDonald’s said Monday it plans to invest $200 million over the next seven years to promote regenerative agriculture practices on cattle ranches.
How much for matcha? Prices for the popular powdered tea soar
The world’s fondness for matcha is about to be tested by steep price increases.
xAI Lays Off 500 as Data Team Behind Grok Chatbot Faces Cuts
Artificial intelligence startup xAI laid off around 500 employees on Friday, primarily from its data annotation team responsible for training its Grok chatbot.
Musk Buys $1B in Tesla Stock in Rare Move
Tesla shares surged Monday after CEO Elon Musk disclosed a $1 billion open-market purchase of 2.57 million shares, his largest buy ever and first since 2020.
U.S. and China Strike Framework Deal on TikTok
The U.S. and China have agreed on a framework deal for TikTok that could transfer control of the platform to U.S. ownership.
United CEO Says Spirit Airlines is Doomed
United Airlines CEO Scott Kirby bluntly predicted that Spirit Airlines is "going out of business," criticizing the ultra-low-cost model as unsustainable.
Google Adds 'Purchases' Tab to Gmail for Easier Package Tracking
Google is rolling out a new “Purchases” tab in Gmail, giving users a centralized view of all their order and shipping emails.
DOJ Sues Uber for Discriminating Against Passengers with Disabilities
The U.S. Department of Justice has filed a federal lawsuit against Uber, accusing the company of systematically discriminating against disabled passengers.
