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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U.S. Opens Probe Into 174,000 Tesla Model Y Vehicles Over Door Handle Failures
Federal regulators have opened an investigation into roughly 174,000 Tesla Model Y vehicles from the 2021 model year after reports that their electronic door handles may become inoperative, potentially leaving occupants unable to enter or exit the vehicle in certain scenarios. 
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CATL Soars to Record High as China Unveils $35 Billion Energy Storage Plan
Contemporary Amperex Technology Co. Ltd. (CATL) shares surged to record highs Monday after Beijing unveiled an ambitious plan to boost energy storage capacity and support auto-sector demand, driving a rally across China's battery and electric vehicle stocks. 
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FAA Proposes $3.1 Million Fine Against Boeing Over 737 MAX Safety Violations
The Federal Aviation Administration on Friday proposed fining Boeing $3.1 million for a series of safety violations tied to its 737 MAX program, including issues linked to the January 2024 Alaska Airlines mid-air emergency and allegations that Boeing employees interfered with federal safety oversight. 
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Pfizer, Moderna Shares Sink as Trump Officials Plan to Link Child Deaths to Covid Shots at CDC Meeting
Shares of Pfizer and Moderna tumbled Friday after a Washington Post report said Trump administration health officials plan to present data linking Covid-19 vaccines to the deaths of 25 children at an upcoming meeting of a key federal vaccine advisory panel. 
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Warner Bros. Discovery Shares Surge Nearly 30% on Report of Paramount Skydance Takeover Bid
Warner Bros. Discovery shares soared Thursday after reports that Paramount Skydance, backed by Larry Ellison and his son David Ellison, is preparing a majority-cash offer to acquire the entire media conglomerate, including its movie studios, streaming assets, and cable television networks. 
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Nebius Stock Surges 40% After $17.4 Billion Microsoft AI Deal
Nebius Group shares soared more than 40% Tuesday after the Amsterdam-based artificial intelligence infrastructure company unveiled a multi-year agreement with Microsoft valued at up to $19.4 billion. The deal highlights the intensifying demand for high-performance computing to power generative AI systems. 
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SpaceX Strikes $17 Billion Deal With EchoStar to Expand Starlink’s Direct-to-Cell Services
SpaceX has agreed to purchase wireless spectrum licenses from EchoStar in a $17 billion transaction, a deal that will give Elon Musk's company control over airwaves critical to scaling its Starlink direct-to-cell satellite service and intensifying competition with established U.S. carriers. 
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Xpeng Targets Global EV Expansion With Mass-Market Mona Brand, AI Push and Europe Focus
Chinese electric vehicle maker Xpeng is accelerating its international expansion with plans to launch its mass-market Mona brand in Europe next year and broaden its presence in dozens of global markets, even as it faces mounting competition at home and new tariff pressures abroad. 
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ConocoPhillips to Cut Up to 25% of Workforce, Shares Fall as Oil Sector Faces Pressure
ConocoPhillips said it plans to lay off as much as a quarter of its global workforce, a move that could eliminate up to 3,250 jobs as the Houston-based oil giant seeks to rein in costs amid weakening earnings and declining crude prices. 
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Alphabet Stock Soars 7% as Judge Rejects DOJ Push to Break Up Google
Alphabet shares jumped more than 7% Wednesday after a U.S. court rejected the Justice Department's push to break up Google, delivering a major relief to investors and preserving the company's ability to control key businesses such as Chrome and Android. 
