Food and Beverage Industry

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

Netflix's All-Cash Bid for Warner Bros. Discovery: A High-Stakes Gamble on Content and Capital

Netflix's bold, all-cash offer to acquire Warner Bros. Discovery for an estimated $72-83 billion is testing investor confidence and regulatory boundaries. The proposed mega-deal, which would dramatically reshape the streaming landscape, faces intense scrutiny over antitrust concerns and the strain it could place on Netflix's historically disciplined balance sheet.

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

World

Venezuela's Divided Workforce Unites in Demand for Living Wages Amid Post-Maduro Economic Pledges

In a rare show of common cause, both government supporters and opponents took to the streets of Caracas on Monday, demanding better salaries and pensions as the interim administration promises an oil-fueled recovery.

Feb 2, 2026

Business

OpenAI's AI Inference Shift Tests Nvidia's Dominance, Sparks Chip Industry Ripples

OpenAI is actively seeking alternatives to some of Nvidia's latest AI chips, focusing on specialized hardware for faster inference, according to sources. This strategic pivot introduces new tensions and competitive dynamics between the two AI titans, even as investment talks continue.

Feb 2, 2026

Business

The Digital Heist: How AI-Powered Fraudsters Are Targeting the Freight Industry

As cargo theft evolves from petty crime to sophisticated, high-value scams, logistics firms like Echo Global Logistics are deploying advanced AI and human vigilance in a high-stakes battle for security. Senior VP Jeff Starr details the new frontline in freight fraud.

Feb 2, 2026

Business

Werner Enterprises Soars on Strategic Acquisition, Expanding Dedicated Fleet by Half

Shares of Werner Enterprises (WERN) surged 6% following the announcement of its acquisition of FirstFleet, a move that significantly bolsters its dedicated transportation division and market position.

Feb 2, 2026

Business

Netflix Consolidates Leadership: Elizabeth Stone Ascends to Dual Role as Chief Product and Technology Officer

In a strategic move to unify its product and technology vision, Netflix has elevated CTO Elizabeth Stone to the newly created role of Chief Product and Technology Officer. The promotion places her at the helm of the streaming giant's core product, engineering, and data divisions.

Feb 2, 2026

Business

Trump Media's Truth Social Funds to Acquire 'God Bless America' ETF in Rare Industry Move

In an unusual acquisition within the ETF space, the investment arm behind former President Donald Trump's social media platform is set to purchase the conservative-themed 'God Bless America' ETF, significantly expanding its asset base and adding active management to its lineup.

Feb 2, 2026

Beyond Coupons and Coffee: The Calculated Spending Habits of Frugal Baby Boomers

As inflation persists, Baby Boomers are leveraging decades of financial experience to cut costs strategically. We examine the key spending categories they avoid and the generational mindset behind their money choices.

Feb 2, 2026

Business

Jim Cramer Backs Carrier Global, Advising Investors to 'Buy and Hold'

CNBC's Jim Cramer endorsed Carrier Global Corp. (NYSE:CARR) on his recent show, praising CEO Dave Gitlin's leadership and strategic acquisition. He recommended investors buy the stock for the long term, citing confidence in the company's positioning within the climate solutions sector.

Feb 2, 2026

Business

Cramer Touts IBM as a Value Play in the AI Boom, Citing Strong Earnings and Room to Grow

CNBC's Jim Cramer highlighted International Business Machines Corp. (IBM) as a standout AI investment with a relatively modest valuation, following a robust quarterly report that sent shares soaring.

Feb 2, 2026

Business

Jim Cramer Hails Royal Caribbean's 2026 Outlook as 'Spectacular' Amid Cruise Industry Resurgence

CNBC's Jim Cramer spotlighted Royal Caribbean Cruises Ltd. (RCL) this week, praising its ambitious full-year 2026 forecast as the cruise line capitalizes on robust post-pandemic demand and operational efficiencies.

Feb 2, 2026

Business

UBS Opens Door to Bitcoin and Ether for Select Wealth Clients in Cautious Crypto Foray

Swiss banking giant UBS is preparing to offer a limited group of its wealth management clients access to trade Bitcoin and Ether, marking a significant but measured step into digital assets as it responds to client demand and a shifting regulatory landscape.

Feb 2, 2026

Business

BHP Navigates Tech Ambition and Trade Tensions: Autonomous Mine Push Meets China Market Headwinds

As BHP Group advances plans to create one of the world's first fully autonomous copper mines at Escondida Norte, it simultaneously contends with Chinese import restrictions on its Jimblebar iron ore and ramps up exploration via its 2026 Xplor program, highlighting the complex balancing act facing the global mining giant.

Feb 2, 2026

Business

Netflix-Warner Bros. Merger: A Streamlined Future for Viewers and Creators?

Amid subscription fatigue and market fragmentation, the proposed union of Netflix and Warner Bros. Discovery is framed not as a threat to competition, but as a necessary consolidation to compete with tech giants and refocus value on consumers.

Feb 2, 2026

Business

Reddit's Q4 Earnings: A Litmus Test for AI Ambitions and Premium Valuation

As Reddit prepares to report its fourth-quarter results on February 5th, investors are weighing its surging user growth and lucrative data-licensing deals against a sky-high valuation and a volatile market backdrop.

Feb 2, 2026

Business

GM Powers Through EV Headwinds to Post Broad 2025 Sales Gains Across All Brands

General Motors defied a turbulent final quarter to report year-over-year sales growth for each of its four divisions in 2025, solidifying its truck leadership and gaining ground in the electric vehicle market despite significant policy shifts.

Feb 2, 2026

Business

Musk Explores Unprecedented Merger: SpaceX and xAI Could Combine Forces, Reports Say

Elon Musk is reportedly advancing plans to merge his aerospace giant SpaceX with his artificial intelligence venture xAI, a move that could funnel significant capital into AI development and reshape the tech landscape, according to a Wall Street Journal report.

Feb 2, 2026