Donald Trump's newest social media platform, Truth Social, has taken the business world by storm. Its parent company, Trump Media & Technology Group, is now valued at over $10 billion, surpassing the worth of Elon Musk's X Holdings, formerly known as Twitter. This impressive jump has been fueled by
In a big leap, Reddit's shares surged by 22% in after-hours trading. The reason? The company's third-quarter earnings report was a hit, with profits jumping way higher than expected. Let's break it down. Reddit made 16 cents per share, while people were expecting a loss of 7 cents. That's a big dea
Sony Interactive Entertainment has shut down two of its studios, Firewalk and Neon Koi, following the cancellation of the live service game “Concord. ” The decision came after Sony evaluated its games portfolio and found that “Concord” didn’t meet player expectations. Sony acquired Firewalk just ove
McDonald's isn’t having the easiest year. They've faced higher prices, health scares like the E. coli outbreak, and even politics got tangled up in their business. But they aren't giving up. They're trying to attract customers back by lowering prices. Experts think they're handling the tough times w
Pfizer, one of the world's largest pharmaceutical companies, surprised many analysts with its third-quarter earnings. The company reported earnings of $1. 06 per share, well above the expected $0. 61. Sales also exceeded expectations, coming in at $17. 7 billion compared to the projected $14. 92 bil
McDonald's saw a small boost in US sales during the third quarter, thanks to bargain-hunting customers who snapped up their $5 value meals. The company's quick thinking after a lackluster second quarter helped them win back some customers who were feeling the pinch of rising prices. However, that go
As the United States gears up for Election Day, American consumers are showing a significant boost in confidence, according to a recent report by a business research group. The Consumer Confidence Index, which measures both current economic conditions and future expectations, jumped to 108. 7 in Oct
As the U. S. presidential election neared, consumers felt more upbeat about the economy. The Conference Board's consumer confidence index leaped over 11% in October to 138, the largest monthly jump since March 2021. People were particularly hopeful about future conditions, with the expectations inde
Coffee giant Starbucks is making waves with a strict new policy. The company is warning its corporate employees that they could be fired if they don't show up to the office at least three days a week. This comes just weeks after the company hired a new CEO who gets to work from his Southern Californ
In a surprising turn of events, a federal bankruptcy judge in Delaware admitted an error in a previous ruling on Yellow Corp’s pension claims. The company, which filed for bankruptcy in August 2023, was initially told that its shareholders might have to pay out more than expected for pension claims.
