The business world watched in shock as a political spat between President Donald Trump and Elon Musk sent markets into a tailspin. What began as criticism over a spending bill quickly escalated into a full-blown feud with real financial consequences for everyday Americans. On June 5, 2025, Tesla’s stock plummeted 14% in a single trading ...
ALDI is making a bold move this summer by cutting prices on more than 400 products across all its U.S. stores. The German discount grocery chain announced these price reductions will stay in place from June 5 through Labor Day, affecting nearly 25% of everything they sell. The company expects customers to save a combined ...
Disney is letting go of several hundred more workers worldwide in its film, TV, and finance departments. This is the fourth round of job cuts in the last 10 months as the company adjusts to people moving from cable TV to streaming services. The layoffs mainly hit marketing teams for Disney’s movies and TV shows, ...
McDonald’s is closing all of its CosMc’s beverage-focused restaurants, with shutdowns beginning in late June 2025. The company will also discontinue the CosMc’s app. This doesn’t mean the end for the unique drinks that made CosMc’s popular. McDonald’s plans to bring “CosMc’s-inspired” beverages to hundreds of its regular U.S. restaurants later this year. “We’ve learned ...
ESPN will launch its direct-to-consumer streaming platform in early fall, simply called “ESPN.” The service introduces two subscription tiers, with the comprehensive option priced at $29.99 monthly. The top-tier “ESPN Unlimited” plan ($29.99/month or $299.99/year) provides access to: The lower-cost “ESPN Select” option ($11.99/month or $119.99/year) offers subscribers the existing ESPN+ content package featuring: Bundle ...
ESPN will stop broadcasting Major League Baseball games after 2025, ending a 35-year partnership. The partnership is ending due to financial disagreements and MLB’s concerns about ESPN’s coverage – ESPN wanted to reduce its current $550 million yearly fee for showing baseball games, while MLB was unhappy with ESPN’s minimal coverage outside of live games. ...
The Travis County District Court told Business Insider that it finalized custody arrangements between Tesla CEO Elon Musk (net worth over $330 billion) and musician Claire Boucher (Grimes) in August 2024, concluding a multi-jurisdictional parental rights dispute. The case, filed under docket privacy protocols, addressed custodial determinations for X Æ A-12 (age 4), Exa Dark ...
The US Department of Justice has unveiled criminal charges against Gautam Adani and specifically named executives Sagar Adani, Vineet Jain, Ranjit Gupta, Rupesh Agarwal, Cyril Cabanes, Saurabh Agarwal, and Deepak Malhotra alleged that there was an over $250 million bribery scheme to secure Indian solar energy contracts. The case, filed in Brooklyn federal court, marks ...
In a jaw-dropping turn of events, Elcid Investments Ltd, an obscure Indian investment company, has skyrocketed to become India’s most expensive stock. On Tuesday, October 29, 2024, Elcid’s shares were relisted on the Bombay Stock Exchange (BSE) at an astonishing price of ₹2,36,250 apiece, surpassing the previous record-holder, MRF, by a wide margin. Just a ...
Over the past decade, Abercrombie & Fitch (A&F) navigated a remarkable business transformation that saw its stock rise more than 400% following the 2014 departure of former CEO Mike Jeffries. Under the leadership of current CEO Fran Horowitz, who took the helm in 2017, the company methodically dismantled its controversial past to establish what Horowitz ...
