Meta Platforms Stock Hits 15-Month High After Earnings Crush Estimates, Expenses Drop
Meta Platforms (META) stock rose more than 14% on Thursday after the company reported first quarter results late Wednesday that blew away expectations while raising its forecast for the current
JPMorgan Reaches $290 Million Settlement With Jeffrey Epstein Victims
JPMorgan Chase has agreed to pay $290 million to settle a class-action lawsuit brought by Jeffrey Epstein's sexual abuse victims, according to attorney David Boies representing the victims. The victims
California Attorney General Sues 23andMe Successor Over Massive Data Breach
California Attorney General Rob Bonta has announced legal action against Chrome Holding, the company that succeeded genetic testing firm 23andMe, over allegations linked to a major data breach that compromised
TikTok Brings in Text Posts to Rival Elon Musk’s X
TikTok, the popular video streaming platform, is venturing into uncharted territory by allowing users to post text-only content for the first time. In a direct challenge to Elon Musk's embattled
Saudi Investment Fund to Acquire 10% Stake in Heathrow Airport
Saudi Arabia's Public Investment Fund (PIF) has reached an agreement to purchase a 10% stake in Heathrow Airport from Spanish infrastructure company Ferrovial. Additionally, France-based private equity fund Ardian will
Chevron to Relocate Headquarters from California to Houston
Chevron has announced plans to move its headquarters from San Ramon, California, to Houston, Texas, marking the first time in over a century that the energy giant will not be
Dyson to Cut 1,000 Jobs in Britain Amid Global Restructuring
Dyson, the renowned vacuum cleaner manufacturer, has announced plans to eliminate approximately 1,000 jobs in Britain as part of a global restructuring effort. The company, founded by James Dyson, employs
Luis Figo Named Global Ambassador for TenTrade
Multi-asset brokerage firm TenTrade has announced a new partnership with football legend Luis Figo, who will serve as its Global Ambassador as part of a broader initiative to inspire emerging
Pepsi Withdraws as UK Festival Sponsor After Kanye West Backlash
Pepsi has withdrawn as the lead sponsor of the upcoming Wireless Festival in London following backlash over the booking of rapper Kanye West - also known as Ye - as
Meet Apollo, a Robot Designed to Do Jobs Humans Don’t Want
The realm of science fiction is inching closer to reality as Apptronik, an Austin-based robotics startup, introduces Apollo, its latest humanoid robot. With a vision to revolutionize various industries, Apptronik
Pepsi Falls to Fourth Place in U.S. Soda Rankings as Sprite Surges Ahead
Pepsi, once the dominant rival to Coca-Cola, has slipped to fourth place in the U.S. soft drink market, according to new data from Beverage Digest - marking a significant turning
BlackRock Acquires Global Infrastructure Partners, Founded by Adebayo Ogunlesi, in $12.5 Billion Deal
BlackRock, the world's largest asset management company, has announced its acquisition of Global Infrastructure Partners (GIP), a firm established by Nigerian investment banker Adebayo Ogunlesi, in a deal valued at
Lunchables: From a Cultural Phenomenon to a Struggle for Survival
Lunchables, the once-iconic compartmentalised meal kit that revolutionised convenience eating for kids and parents, is facing a crisis as its popularity wanes. Sales for the Kraft Heinz-owned brand fell by
Elon Musk Says New Tesla Factories Are Losing Billions of Dollars
American billionaire, Elon Musk has revealed that the new Tesla factories in the US and Germany are "losing billions of dollars" as a result of the battery shortages and supply
Meta’s Quest for Education: Mark Zuckerberg’s Vision for Virtual Learning
Meta, formerly known as Facebook, is stepping into the classroom with its virtual reality (VR) technology, aiming to revolutionize education through immersive experiences. This initiative, spearheaded by Meta's President of
Audacy Concludes Financial Restructuring, Plans to Go Private
Philadelphia-based radio network Audacy has successfully completed its financial restructuring, significantly reducing its funded debt by 80%, from approximately $1.9 billion to $350 million. The company announced this on Monday,
Microsoft Presents Fresh Proposal to UK Regulators for Activision Blizzard Acquisition
Microsoft has taken a significant step to address regulatory concerns in the UK as it strives to finalize its massive acquisition of Activision Blizzard. The companies have jointly presented a
Jeff Bezos Completes $8.5 Billion Amazon Share Sale Plan
Amazon's founder, Jeff Bezos, has finalized another phase of his share sale plan, disposing of approximately 14 million Amazon shares valued at around $2.4 billion (£1.9 billion). This recent sale
Air Peace Hikes Lagos-Abuja Ticket to N200,000 from November
Starting November 1, 2024, Air Peace will raise the cost of a one-way flight ticket from Lagos to Abuja to N200,000, marking a significant fare increase in Nigeria's domestic aviation
New Balance Launches “Urgent Red” Minimus M10 Ahead of Fall 2025
New Balance is stepping confidently into the “low-profile” sneaker space with the latest colorway of its Minimus M10 model, now arriving in a striking “Urgent Red.” The brand, already known
