Business
All the latest news stories about the business world: mergers, IPOs, trends, personalities, and more
Kimberly-Clark to Buy Tylenol Maker in $48.7B Deal
Kimberly-Clark announced Monday it will acquire Kenvue in a $48.7 billion cash-and-stock deal, creating one of the world’s largest consumer goods companies.
Rate Cut Reaction: Inside the Fed’s 25-Point Move and What Comes Next
Stephen Kates, Financial Analyst at Bankrate, joins to discuss the Fed’s 25-basis-point rate cut, inflation risks, and what it all means for consumers and marke
U.S. Safety Agency Probes Tesla Model Y Door Handles
The U.S. National Highway Traffic Safety Administration has launched a preliminary investigation into about 174,000 Tesla Model Y vehicles.
Microsoft Pledges $30B Boost to UK A.I. Infrastructure
Microsoft announced a sweeping plan on Tuesday to invest over $30 billion in the U.K. by 2028, including $15.5 billion in capital expenditures.
Mortgage Rates Fall Sharply as Fed Rate Cut Expected
Mortgage rates dropped steeply on Tuesday, with the average rate for a 30‑year fixed mortgage hitting a little above 6%.
Trump Admin. Orders End to Delta, Aeromexico Joint Venture O
The Trump administration has ordered Delta Air Lines and AeroMexico to dismantle their joint venture by January 1.
Meta Shifts Metaverse Strategy to Smart Glasses
Meta is pivoting its multibillion-dollar metaverse strategy toward smart glasses, preparing to unveil its most advanced pair yet, codenamed “Hypernova”.
FDA takes aim at Hims & Hers, weight loss drugs in new advertising blitz
The Trump administration has issued its first warnings to online services that offer unofficial versions of popular drugs like the blockbuster obesity treatment Wegovy.
McDonald’s will invest $200 million in regenerative cattle ranches
McDonald’s said Monday it plans to invest $200 million over the next seven years to promote regenerative agriculture practices on cattle ranches.
How much for matcha? Prices for the popular powdered tea soar
The world’s fondness for matcha is about to be tested by steep price increases.
xAI Lays Off 500 as Data Team Behind Grok Chatbot Faces Cuts
Artificial intelligence startup xAI laid off around 500 employees on Friday, primarily from its data annotation team responsible for training its Grok chatbot.
