Corporate Divestment

Business

SpaceX Acquires xAI in Landmark Deal, Uniting Musk's Space and AI Ambitions Under One Roof

Elon Musk's SpaceX has finalized the acquisition of his artificial intelligence venture, xAI, in a strategic move that merges the aerospace giant with the creator of the Grok chatbot. The deal, valued at a staggering $1.25 trillion, aims to accelerate AI development by leveraging shared computing resources and engineering talent from Musk's broader technology portfolio.

Feb 2, 2026

Business

Super Bowl Ad Prices Soar to Record $10 Million, Testing the Limits of Marketing Budgets

As the Super Bowl approaches, the cost of a 30-second commercial spot has reached an unprecedented $10 million, driven by intense demand and bundled packages with the Olympics. Major brands are betting big with celebrity-studded campaigns, but analysts question the long-term value of such staggering investments.

Feb 2, 2026

Business

MicroStrategy's Bitcoin Bet Sinks Underwater, Raising Questions on Funding Strategy

MicroStrategy's massive Bitcoin holdings have fallen below their average purchase price, resulting in over $900 million in paper losses. This development intensifies scrutiny on the company's reliance on equity markets to fund its crypto acquisitions as financial conditions tighten.

Feb 2, 2026

Business

Kforce Beats Q4 Revenue Forecasts but Shares Tumble on Profit Miss

The professional staffing firm Kforce (NYSE:KFRC) reported fourth-quarter sales that edged past analyst expectations, yet its stock plunged 11.7% as earnings per share fell sharply short of estimates, highlighting ongoing challenges in a tightening labor market.

Feb 2, 2026

Business

Qualcomm Faces Headwinds: Analysts Slash Price Targets Ahead of Critical Earnings Report

As Qualcomm prepares to report Q1 2026 earnings, a wave of analyst downgrades and lowered price targets reflects growing concerns over smartphone market softness and competitive pressures, overshadowing progress in automotive and robotics.

Feb 2, 2026

Business

Kentucky Bourbon's Economic Highs Face Headwinds: New Report Details Industry's Resilience and Challenges

A new economic impact study reveals Kentucky's $10.6 billion bourbon industry continues to generate record tax revenue and jobs, yet confronts a sobering mix of production slowdowns, shifting consumer habits, and volatile export markets.

Feb 2, 2026

Business

Musk's SpaceX and xAI to Merge in Landmark $1.25 Trillion Deal Ahead of Public Offering

Elon Musk is set to combine his aerospace giant SpaceX with his artificial intelligence venture xAI, creating a single entity valued at $1.25 trillion ahead of a highly anticipated IPO later this year, according to a Bloomberg report.

Feb 2, 2026

Business

Devon and Coterra Forge a Permian Powerhouse: Merger Creates Delaware Basin Giant

In a landmark consolidation move, Devon Energy and Coterra Energy have agreed to an all-stock merger, positioning the combined entity as a dominant force in the prolific Delaware Basin. The deal signals a strategic shift towards scale and capital efficiency in the U.S. shale sector.

Feb 2, 2026

Business

Musk Eyes Unprecedented Merger: SpaceX and xAI in Advanced Talks to Combine Forces

Elon Musk is reportedly in advanced discussions to merge his space exploration giant, SpaceX, with his artificial intelligence venture, xAI, in a move that could reshape the frontiers of both industries and delay SpaceX's anticipated public offering.

Feb 2, 2026

Business

Universal Pulls CFO Offer from ADM Executive Amid SEC Accounting Scandal

Universal has rescinded its employment offer to a former ADM finance executive just one day after the SEC filed suit against ADM's ex-CFO over alleged accounting misconduct in the nutrition segment, highlighting the widening fallout from the agribusiness giant's regulatory troubles.

Feb 2, 2026

Business

Starbucks Trims Menu by 25%, Axing 13 Drinks in Efficiency Push

Starbucks accelerates its 'Back to Starbucks' turnaround plan by removing 13 underperforming and complex drinks from its permanent menu, a move aimed at streamlining operations and reducing waste, despite risking the ire of loyal fans of discontinued items.

Feb 2, 2026

Business

Starbucks Faces Whistleblower Lawsuit Over Alleged Safety Cover-Up and Retaliatory Firing

A former Starbucks executive alleges in a lawsuit that she was terminated after reporting maggot infestations and fire risks in new equipment, and refusing to falsify safety data.

Feb 2, 2026

Business

Leaked Emails Reveal Former Windows Chief Sought Epstein's Counsel During Surface RT Crisis

Newly unsealed court documents show Steven Sinofsky, former head of Windows, shared confidential Microsoft strategy emails and sought personal advice from Jeffrey Epstein amid the failing launch of Surface RT in 2012.

Feb 2, 2026

Business

Beyond the Beaver Nuggets: Inside Buc-ee's High-Wage Strategy and Its Workforce Impact

The Texas-born travel center giant Buc-ee's is renowned for massive stores and spotless restrooms. But its most disruptive industry practice might be its pay scale, which far exceeds typical convenience store wages and fuels intense competition for jobs.

Feb 2, 2026

Business

End of an Era: Eddie Bauer, Outdoor Retail Pioneer, Poised to Shutter All North American Stores

The 104-year-old Seattle-based outdoor institution, once boasting nearly 600 stores globally, is reportedly preparing for a Chapter 11 bankruptcy filing that would close its roughly 200 remaining brick-and-mortar locations across the continent.

Feb 2, 2026

Business

GameStop's Ryan Cohen Pivots from Bitcoin, Eyes 'Transformational' Consumer Sector Megadeal

GameStop shares surged after CEO Ryan Cohen teased a major consumer sector acquisition, signaling a strategic shift away from the company's bitcoin bet and toward what he calls a 'way more compelling' opportunity.

Feb 2, 2026

Business

The 'Peanut Butter' Pay Revolution: Why Companies Are Spreading Raises Evenly in 2026

Nearly half of U.S. employers are shifting from merit-based raises to flat, across-the-board pay increases—a move that could provide crucial relief for lower-wage workers amid economic uncertainty.

Feb 2, 2026

Business

Amazon's Washington State Layoffs Detailed: Pierce County Impact Emerges as Tech Giant Cuts 2,198 Jobs

Newly filed state documents reveal the geographic breakdown of Amazon's latest workforce reduction in Washington, with T-Mobile and International Paper also submitting layoff notices affecting hundreds more employees across the state.

Feb 2, 2026

Business

A Personal Mission: CEO Ray Blanchette Bets on Nostalgia and Innovation to Revive TGI Fridays

After a tumultuous period of bankruptcy and closures, TGI Fridays CEO Ray Blanchette is steering a deeply personal turnaround. Early results from holiday pop-ups and a revamped brand voice show promise, but the road to 1,000 restaurants remains steep.

Feb 2, 2026

Business

Broadcom's AI Surge Faces Margin Test: Is the Stock Slide a Buying Opportunity?

While Broadcom rides a massive wave of AI demand, investor concerns over shrinking profitability have triggered a significant pullback in its shares, presenting a classic growth-versus-margin dilemma.

Feb 2, 2026