Author: Casey Bennett

Boeing has now accumulated losses exceeding $2 billion on its Starliner spacecraft, following a turbulent year in which the capsule’s first astronaut mission turned into a major challenge for NASA. In a filing on Monday, Boeing disclosed that the Starliner program recorded charges of $523 million for 2024—its largest single-year loss to date. The company…

Fox Corp is officially entering the direct-to-consumer streaming market. The company, best known for its news and sports television content, announced Tuesday that it plans to launch a subscription streaming service by the end of the year. CEO Lachlan Murdoch emphasized on the company’s quarterly earnings call that the new service is not intended to…

PepsiCo reported mixed quarterly results on Tuesday as demand for its snacks and beverages in North America declined for the fifth consecutive quarter. Shares of the company ended the day down more than 4%. For the fourth quarter, PepsiCo posted net income attributable to the company of $1.52 billion, or $1.11 per share, up from…

Merck released its full-year 2025 revenue guidance on Tuesday, falling short of Wall Street’s expectations due to a temporary pause in shipments of a key vaccine to China. Shares of Merck dropped 8% by the market’s close on Tuesday. The pharmaceutical giant projects 2025 sales between $64.1 billion and $65.6 billion, below the $67.31 billion…

Stock markets across Asia and Europe tumbled on Monday after Donald Trump imposed tariffs on Canada, Mexico, and China, fueling concerns of a renewed “America First” trade war that could slow global economic growth. US stock futures signaled a significant selloff ahead of the market opening. “Trade war 2.0 begins,” UBS strategists noted in a…

Honda Motor is embarking on the next phase of its manufacturing evolution in an unexpected location for the 75-year-old Japanese automaker: Ohio. The company is finalizing over $1 billion in new investments in the state this year, an increase from the initially announced $700 million. These upgrades include the installation of six “giga presses”—a technology…

President Donald Trump is poised to impose sweeping tariffs on America’s three largest trading partners—Mexico, Canada, and China—marking a significantly more aggressive approach to his favored economic tool than anything he pursued during his first term. These impending import taxes will serve as a major test of Trump’s unconventional tariff strategy, which he has called…

A potential strike at 56 Costco stores across six states has been temporarily avoided, as the company and Teamsters union negotiators, representing 18,000 workers, reached a last-minute tentative agreement, the union informedearly Saturday morning. The full details of the agreement were not immediately disclosed. Had the strike proceeded, it would have been the largest ever…

This week, Trump Media & Technology Group awarded its directors blocks of shares valued at just over $825,000. Among the recipients are two key figures nominated by former President Donald Trump for positions in his administration. However, Kash Patel stated in a congressional questionnaire as part of his nomination process that he would decline the…

On Thursday, President Donald Trump attributed the fatal plane collision in Washington, DC, which resulted in 67 deaths, in part to the Federal Aviation Administration’s “diversity push.” However, proponents of DEI—including many of the country’s top corporations—maintain that diversity initiatives have positively impacted their businesses. Trump did not provide evidence to substantiate his claim that…