Virgin Orbit — the rocket company founded by British billionaire Richard Branson — is laying off the vast majority of its workforce as company leadership struggles to secure additional funding.

Valve’s SteamOS, the operating system that gives the Steam Deck its unique console-like experience within a Linux environment, could soon be making its way to other handheld gaming devices. Recent

In a much-anticipated announcement, Take-Two Interactive has confirmed that Grand Theft Auto VI (GTA VI) remains on track for a fall 2025 release, ending speculation that the highly awaited game

Pizza Hut is set to close 68 restaurants and 11 delivery sites across the UK, resulting in the loss of 1,210 jobs, after the company managing its UK operations fell

It’s sleek, compact, and unmistakably futuristic. In China, it’s affectionately named the Seagull, a budget electric vehicle that zips through city streets with angular curves and headlights that seem to

General Motors (GM) has temporarily suspended sales of its recently launched Chevy Blazer EV due to reported software-related issues encountered by some customers. Scott Bell, Vice President of Global Chevrolet,

Kentucky bourbon, long celebrated as a hallmark of American culture, is facing a sharp downturn after more than a decade of rapid growth. Once a post-recession success story, the industry

Pizza Hut is reinventing the traditional pizza restaurant with a new design concept aimed at keeping up with evolving customer expectations and intensifying competition. The chain, which has struggled with

DirecTV has called off its planned acquisition of EchoStar’s satellite television business, which includes rival Dish TV, halting what would have been a major consolidation in the U.S. pay-TV industry.

Elon Musk has taken another step toward consolidating his business empire, with SpaceX confirming it is acquiring his artificial intelligence company, xAI. The aerospace firm announced the move by publishing

A widespread malfunction involving self-driving taxis brought traffic to a standstill in the Chinese city of Wuhan, after dozens of autonomous vehicles abruptly halted in the middle of busy roads.

Snap Inc. has announced a major round of layoffs, cutting about 1,000 jobs - roughly 16% of its workforce - as it leans more heavily on artificial intelligence to streamline

In the midst of China's deepening property market challenges, Zhongzhi Enterprise Group, a significant player in the country's $3 trillion shadow banking sector, has filed for bankruptcy liquidation. The move

Millions of TikTok users across the United States celebrated a temporary reprieve after former President Donald Trump delayed the enforcement of a controversial legal ban on the popular social media

Reality TV star and entrepreneur Kim Kardashian has unveiled her latest venture as the brand ambassador for luxury fashion house Balenciaga. The 43-year-old icon shared the news on her social

Samsung Electronics has announced an anticipated 15-fold increase in profits for the second quarter of 2024 compared to the same period last year, driven by a surge in demand for

Morgan Stanley CEO James Gorman announced at the bank's annual shareholder meeting that he will step down from his position within the next 12 months. While the specific timing of

Twitter’s free blue “verified” checkmarks for notable users may finally be coming to an end. Ever since Elon Musk took control of the company in October, he’s been threatening to

Disney has announced upcoming price increases for its streaming services Disney+, Hulu, and ESPN+. The new pricing will take effect on October 17, 2024, as the company navigates a challenging

After more than six decades in operation, Rite Aid, once one of America’s largest pharmacy chains, has closed its final 89 stores, officially bringing an end to its 63-year history.