Fiserv, a big name in payment tech, is having a rough time lately. Two major banks, Morgan Stanley and Goldman Sachs, just downgraded their rating for Fiserv's stock to "Hold. " This came after the company's third-quarter results didn't impress investors. The stock price dropped by 3. 23% in early t
A real estate company in California, Continuum Analytics, is facing serious trouble. The FBI raided their offices recently, and it's all tied to some questionable bank loans. Two major banks, Zions and Western Alliance, claim that a related company, Cantor Group, failed to pay back about $160 millio
Bob Mackie, a renowned fashion designer known for dressing stars like Cher and Taylor Swift, is taking legal action against JCPenney. He claims the store used his name and designs without permission. Mackie, now 85, was shocked to see JCPenney launch a collection called "Mackie: Bob Mackie" last mon
Ant Group, a major player in the online finance world, has set its sights on Latin America. The company, which was co-founded by Jack Ma, is putting money into R2, a company that helps other businesses get loans. This isn't just any investment. It's a big step for Ant Group to grow in a new market.
China's electric vehicle (EV) industry has been a global game-changer, dominating both domestic and international markets. However, a recent shift in policy might slow down this rapid growth. The Chinese government has decided not to include EVs in their strategic industries list for the upcoming f
The US auto industry is facing a tough challenge from China. Jim Farley, the CEO of Ford, has been vocal about this. He thinks the situation is similar to what happened with Japan in the 1980s, but much more intense. China's car factories could easily take over the North American market. This is a
Elon Musk, the CEO of Tesla, is up for a massive pay package that could be worth a trillion dollars. This is not a typo. A trillion. That's a lot of zeros. Tesla's board is really pushing for shareholders to approve this deal. They even warned that Musk might leave if they don't. But not everyone is
Alphabet, the tech giant behind Google, just shared its latest financial results. The company made $102. 35 billion in the last quarter. That's more than what experts thought it would make. This is big news, especially because the company is investing a lot in AI and cloud services. The cloud servi
Samsung's chip-making division just had a massive profit jump. They made 80% more than expected. This huge increase shows that the global AI craze is giving their business a big lift. The company plans to focus on making a new type of memory chip next year. It's called HBM4, and it's made to work w
A major change is happening in the field of medical research. Thermo Fisher Scientific Inc. has decided to buy Clario Holdings Inc. for a huge sum of $8. 875 billion in cash. This deal is expected to shake up the industry and bring together two big players in science and software. Clario is known f
