Cisco to Cut Over 4,000 Jobs, Redirecting Investments Towards Artificial Intelligence
Company
Earnings Typo Error Sends Lyft Stock on Wild Ride, Questions Raised
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JetBlue Shares Soar After Carl Icahn Discloses Stake
"JetBlue Airways saw its shares surge by over 15% following the revelation that corporate titan Carl Icahn had acquired a nearly 10% stake in the airline, branding it as undervalued. The disclosure of Icahn's significant investment has stirred the market, coming at a crucial juncture for JetBlue as it endeavors to navigate post-pandemic recovery and the fallout from a thwarted merger with Spirit Airlines. -
Diamondback Energy's $26B Acquisition to Create a New Global Oil Giant Valued at over $50B
"Diamondback Energy, an American shale oil and gas producer, has announced a colossal acquisition that could give birth to a new global oil behemoth.
The Latest
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Southwest Ends Flexible Seating Rule, Requiring Some Passengers to Buy Two Tickets
A policy shift at Southwest Airlines is set to reshape how plus-size passengers book flights, ending a long-standing approach that had distinguished the carrier from much of the U.S. airline industry and igniting criticism from advocates who say the change effectively forces some travelers to pay double. 
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Medline Shares Jump 30% After $6.26 Billion IPO, Capping Strongest New-Issue Year Since 2021
Shares of medical-supplies manufacturer Medline Industries surged more than 30% in their Nasdaq debut Wednesday, delivering the largest initial public offering of 2025 and reinforcing renewed optimism about the U.S. IPO market heading into 2026. The stock opened at $35, up from its $29 offering price, giving the company a market capitalization of at least $37 billion based on shares outstanding disclosed in regulatory filings. 
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California Issues Egg Recall After 63 Salmonella Cases, 13 Hospitalizations Linked to Single Farm
California health officials have urged consumers and food-service operators across Northern California to immediately inspect egg cartons following a Salmonella outbreak that has sickened at least 63 people and sent 13 to hospitals, according to state agencies overseeing the investigation. The illnesses have been traced to brown, in-shell eggs produced by Vega Farms and distributed widely through retail and commercial channels. 
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Tesla’s $350 ‘Plaid’ Pickleball Paddle Sells Out in Under Three Hours as Lifestyle Push Expands
Tesla has entered the fast-growing pickleball market with a $350 limited-edition paddle that sold out in under three hours, underscoring the company's ability to translate its brand cachet beyond electric vehicles and into premium lifestyle products. The paddle, branded the "Tesla Plaid," debuted Friday and immediately sparked debate over pricing, purpose, and the expanding scope of Tesla's consumer ambitions. 
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Nike Braces for 1% Sales Decline as Greater China Revenue Slumps 9% and Rivals Gain Share
Nike Inc. is heading into its second-quarter earnings report facing fresh evidence that its recovery remains fragile, with analysts forecasting a year-over-year sales decline driven largely by a sharp slowdown in China and intensifying competition in global footwear markets. 
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U.S. Unemployment Hits 4.6%, Defying Forecasts as Labor Market Cooling Deepens
U.S. unemployment rose to 4.6% in November, the highest level since 2021, delivering an unexpected jolt to markets and policymakers already grappling with signs that the labor market is losing momentum heading into 2026. 
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Amazon Cuts Dozens of Jobs in Washington, Says Move Is Separate From 14,000-Role Layoff Plan
Amazon is eliminating 84 jobs across Washington state early next year, according to a regulatory filing, a move the company says is unrelated to the sweeping global layoffs announced in October that eliminated roughly 14,000 roles and sent shockwaves through the technology sector. 
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Netflix Loses $55 Million in Fraud Case as New York Court Convicts Director Carl Erik Rinsch
A New York court on Dec. 11 convicted filmmaker Carl Erik Rinsch of fraud, capping a years-long saga that left Netflix with an estimated $55 million loss and no completed television series to show for it. The verdict marks one of the most costly production failures in the streaming company's history and underscores a broader retrenchment underway at Netflix as it reins in budgets, cancels underperforming projects and raises subscription prices. 
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Disney’s $1 Billion OpenAI Pact Signals AI Push Into Marvel, Star Wars and Core Creative Work
The Walt Disney Company has committed $1 billion to a sweeping partnership with OpenAI, granting the artificial-intelligence firm access to some of the most valuable characters in global entertainment and intensifying concerns across Hollywood that generative technology could displace human artists. The three-year agreement centers on OpenAI's video-generation model, Sora, and positions Disney as the most prominent studio yet to formally license its intellectual property for large-scale AI content creation. 
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SpaceX Targets $25 Billion+ IPO, $1.5 Trillion Valuation as Starlink Drives 2026 Mega Listing
SpaceX is preparing for what could become one of the largest stock-market debuts in history, with Elon Musk's rocket and satellite company targeting a public listing in 2026 that may raise more than $25 billion and push its valuation above $1 trillion, according to multiple reports. Discussions with major banks have begun, Reuters reported, placing the offering window around June or July and signaling the revival of investor appetite for giant technology listings. 
