Trump transfers $4B stake in Truth Social parent company into a trust
In a significant financial move, former President Donald Trump has transferred his $4 billion stake in the parent company of Truth Social, his social media…
Category: Business
UniCredit raises stake in Commerzbank to 28% as Orcel ups ante on pursuit
UniCredit, the Italian banking giant, has taken a bold step in its pursuit of a potential acquisition of Commerzbank by raising its stake in the…
Fed set to cut rates for third and final time this year
The Federal Reserve is poised to make a significant move as it prepares to cut interest rates for the third and final time this year,…
Alibaba to sell China department store chain Intime for $1.3 billion loss
Alibaba Group has announced it will sell its Chinese department store chain, Intime, in a deal worth $1.3 billion less than what it originally paid…
Walmart employees are now wearing body cameras in some stores
Walmart employees have begun wearing body cameras in select stores, marking a significant shift in how the retail giant is addressing security concerns and enhancing…
Retail sales rose at healthy pace last month in latest sign of US economy’s health
Retail sales in the United States rose at a healthy pace last month, signaling continued strength in the economy despite concerns about inflation and rising…
Consulting firm McKinsey to pay $650 million to resolve US opioid charges
McKinsey & Company, one of the world’s leading consulting firms, has agreed to pay a staggering $650 million to resolve investigations into its role in…
Tech companies most threatened by Trump are donating to his inauguration fund
In a surprising turn of events, several major tech companies that have openly criticized former President Donald Trump’s policies and rhetoric are now donating substantial…
Amazon donating $1 mln to Trump inaugural fund, to air event on Prime Video
Amazon has made headlines with its announcement to donate $1 million to the inaugural fund of former President Donald Trump, as the company plans to…
Warner Bros. Discovery shares surge 15% after company announces linear, streaming restructuring
Warner Bros. Discovery (WBD) experienced a significant boost in its stock price, with shares rising by 15% after the company revealed plans to restructure its…