Business
All the latest news stories about the business world: mergers, IPOs, trends, personalities, and more
Trump Media Explores Truth Social Spin-Off After Tae Merger
Trump Media & Technology Group said it's exploring spinning off Truth Social into a separate publicly traded company following its pending merger with TAE Tech.
OpenAI Raises $110B at $730B Valuation, Deepens Amazon and Nvidia Ties
OpenAI announced a record $110 billion funding round led by Amazon, Nvidia, and SoftBank, boosting its pre-money valuation to $730 billion.
Stoli Files for Chapter 11 Bankruptcy
Stoli Group USA, maker of Stoli vodka, has filed for bankruptcy due to slowing demand for spirits, a major cyberattack, and ongoing legal battles with Russia.
Black Friday Deals Roll Into Cyber Monday
Coming after a record smashing Black Friday in which shoppers spent 10.8 billion online, an increase of more than 10% according to Adobe Analytics.
Big Business This Week: Gobble Gobble Gobbledygook
Was your Thanksgiving dinner cheaper this year? Sources say it should have been! Plus, taxing crypto, Moana gets a sequel, and the french-fry cartel.
Electric Cars Need Recharge as Range Limits, Cost Leave Some Skeptical
While sales of electric vehicles surge in China, the spread of more environmentally friendly vehicles is stumbling in the United States and Europe.
Biden to Loan $6.6 Billion to EV Maker Rivian to Build Paused Factory
President Joe Biden’s administration will loan $6.6 billion to electric vehicle maker Rivian Automotive to build a Georgia factory.
US Consumer Confidence Ticks Higher on Better Outlook for Hiring
Americans’ outlook on the economy improved modestly in November, lifted by expectations for lower inflation and more hiring.
Musk and Trump: How Will The Most Powerful Friendship in the World Affect US Spending?
Simon Shuster, Senior Correspondent at TIME, discusses his recent article, how the friendship between Musk and Trump may affect US spending, “DOGE” and more.
Subway CEO John Chidsey to Step Down
Subway CEO John Chidsey is stepping down at the end of the year, after leading the company through significant changes during his tenure.
Who is the #1 Pop Star of the 21st Century?
Will Swifties be okay with second place? Billboard naming Taylor Swift the second greatest pop star of the 21st century.
