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CVS is under pressure and considering a breakup. Here’s why that could be risky
It’s time for a wellness check at CVS Health. Shares of the company are down more than 20% this year as...
Read moreLVMH and Formula One announce 10-year partnership
Liberty Media-owned Formula One and luxury giant LVMH are entering into a 10-year partnership, according to a joint press release from the...
Read moreElon Musk’s Starlink brings internet — and politics — to storm-ravaged areas
Starlink, the satellite internet service from SpaceX, is poised to become a crucial lifeline in parts of southern Appalachia that...
Read morePepsiCo to buy tortilla chip maker Siete Foods for $1.2 billion
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...
Read moreEast and Gulf coast ports shut down as thousands of workers go on strike
Tens of thousands of longshoremen went on strike at midnight ET, shutting down major ports along the East and Gulf...
Read moreMicrosoft’s mammoth AI bet will lead to over $100 billion in data center leases
As Microsoft investors get ready for quarterly earnings this month, there’s one particular metric that’s become increasingly important: finance leases. A finance...
Read moreOpenAI closes funding at $157 billion valuation as Microsoft, Nvidia, SoftBank join round
OpenAI has closed its long-awaited funding round at a valuation of $157 billion, including the $6.6 billion the company raised...
Read moreSam Altman tells OpenAI staff there’s no plan for him to receive ‘giant equity stake’ in company
At an all-hands meeting Thursday, OpenAI CEO Sam Altman denied that there are plans for him to receive a “giant...
Read moreTrademark dispute emerges over Tiger Woods’ new logo
Tiger Woods’ new logo for his Sun Day Red golf apparel line is facing a trademark dispute. Tigeraire, a company...
Read moreRetailers scramble to move billions in cargo as East Coast dockworkers prepare to strike
With a potential strike at ports up and down the East Coast and along the Gulf Coast set to begin...
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CFPB expands oversight of digital payments services including Apple Pay and Cash App
The Consumer Financial Protection Bureau on Thursday issued a finalized version of a rule saying it will soon supervise nonbank firms that offer financial...
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SEC Chair Gary Gensler will step down Jan. 20, making way for Trump replacement
Securities and Exchange Commission Chair Gary Gensler will resign on Jan. 20, the agency announced Thursday, paving the way for...
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Here’s how the US and Israel could thwart Iran’s nuclear efforts under a new Trump administration
President-elect Trump will take office just as Iran has the potential to become the world’s 10th nuclear-armed state, and it’s...
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Trump picks Dr. Janette Nesheiwat as nation’s next surgeon general
President-elect Trump has nominated Dr. Janette Nesheiwat as surgeon general. In a statement on Friday evening, Trump said that Dr....
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