by | 4 hours ago | Business
DirecTV says it is walking away from its planned acquisition of EchoStar’s video distribution service, DISH DBS, after DISH bondholders rejected a debt exchange offer from the satellite TV provider.”A successful exchange was a condition for acquiring the...
by | 4 hours ago | Business
Shares of Rivian jumped over 15% on Wednesday after the electric vehicle maker announced a $5.8 billion investment from German automaker Volkswagen as part of their joint venture.The investment boost comes at a crucial time for Rivian, which aims to cut costs, achieve...
by | 4 hours ago | Business
Starbucks revealed the date it will hold Red Cup Day this year.The 2024 edition of Red Cup Day will occur on Thursday at participating locations across the country, according to the coffee house chain.During the annual day-long event, Starbucks said it will hand out...
by | 4 hours ago | Business
Boeing said it is issuing layoff notices to employees who are included in the aerospace giant’s broader workforce reduction plan.The approximately 17,000 employees included in the cuts were notified this week and are expected to leave the company in mid-January,...
by | 4 hours ago | Business
The U.S. national debt is climbing at a rapid pace and has shown no signs of slowing down, despite the growing criticism of massive levels of government spending.The national debt — which measures what the U.S. owes its creditors — rose to $35,963,765,584,299.24 as of...
by | 4 hours ago | Business
President-elect Donald Trump is moving at warp speed to form his administration and that’s the subject of the riff. Sounds like a businessman to me. He likes to get things done as quickly as possible. He’s obviously thought a lot about it ahead of time...
by | 4 hours ago | Business
Nearly three years have passed since NFL wide receiver Odell Beckham Jr. revealed he would receive his salary from the Los Angeles Rams in Bitcoin. His decision to veer away from getting paychecks in traditional currency raised some questions at the...
by | 4 hours ago | Business
Kansas City Chiefs quarterback Patrick Mahomes threw his support behind the ongoing efforts to bring a WNBA expansion franchise to the city where he has spent his entire NFL career.Mahomes and wife Brittany are already co-owners of the Kansas City Current, a National...
by | 4 hours ago | Business
One pro-Trump tech CEO is taking his political engagement to the next level by seriously considering a congressional bid to fill New York Rep. Elise Stefanik’s seat when she joins the Trump administration in January. Sticker Mule CEO Anthony Constantino, who has...
by | 4 hours ago | Business
The FBI reportedly raided the Manhattan home of Polymarket CEO Shayne Coplan early Wednesday morning after the election betting platform correctly predicted Donald Trump’s victory in the 2024 presidential race last week. A spokesperson for Polymarket called it...