Walgreens stock experienced a significant drop of over 20% on Thursday after the company announced fiscal third-quarter earnings that fell short of expectations. The company also revised its adjusted profit outlook downward, citing a “challenging” environment for pharmacies and U.S. consumers. Walgreens…
The European Union is advancing plans to overhaul import duties, potentially impacting popular online retailers like Shein and Temu. Currently, goods valued below €150 in the EU and £135 in the UK are exempt from import duties, a loophole that has allowed…
JPMorgan Chase has recently expressed concerns about the Federal Reserve’s stress test results, claiming that the regulator overestimated a crucial measure of income. The bank believes that its losses should be higher than what the Fed reported, sparking a debate about the…
Meta, the conglomerate behind social media giants Facebook and Instagram, is currently under investigation by the European Commission for potentially breaching Europe’s stringent digital competition rules with its controversial “pay or consent” advertising model. This inquiry marks a significant moment as regulators…
NASA has selected SpaceX to construct a specialized vessel to safely deorbit the International Space Station (ISS), bringing it back through Earth’s atmosphere and guiding it to a final resting place in the Pacific Ocean upon its retirement in 2030. This decision…
In a significant escalation of its ongoing efforts to regulate the dominance of major tech companies, the European Union has identified Microsoft as potentially violating antitrust laws. The focus of the EU’s concern is Microsoft’s practice of bundling its Teams application with…
Ford Motor is ending its controversial electric vehicle (EV) dealership program, which initially required store owners to invest over $1 million to sell EVs. This decision marks a significant shift in Ford’s strategy as it navigates the evolving EV market. The Rise…
In an industry where comebacks are rare, Huawei’s resurgence has not only been unexpected but also historic. The Chinese tech giant, once beleaguered by international trade disputes, has impressively clawed its way back to prominence, reshaping the competitive landscape of the technology…
Stellantis, the trans-Atlantic automaker, has set an ambitious target of increasing global sales of its Jeep vehicles by 50% over the next three years. Stellantis plans to enhance its profitability and market reach by leveraging the iconic American SUV brand. Expanding Production…
In a significant development that could reshape public perceptions of safety on its platform, Airbnb faces serious allegations from a former contractor. The whistleblower claims that the company has dialed back its efforts to remove extremists from its service, potentially compromising the…