In a major move, Amphenol is set to acquire CommScope's broadband connectivity and cable unit for a hefty $10. 5 billion. This deal is a big win for Amphenol, as it will expand its product range and strengthen its position in the broadband and 5G markets. The acquisition is expected to boost Amphenol's market share and help it keep up with the growing demand for hig...
Bumble, the popular dating app, is making big changes. It's letting go of 30% of its staff, which is about 240 people. The company says this is to make things run better and focus on important goals. They expect to save $40 million each year and will use most of that money to improve their product and technology. This isn't the first time Bumble has cut jobs. Last y...
Trump Media is taking a big step to boost its stock value. They plan to spend up to $400 million to buy back their own shares. This move comes after their stock price dropped by 46% this year. The company believes this buyback will make their finances more flexible. Buying back shares is a common strategy to increase a company's stock price. When a company buys back...
Walmart, the biggest retailer in the US, is in a tough spot. The company has warned that prices might go up because of tariffs. This didn't sit well with former President Donald Trump. He took to his social media platform and told Walmart to "eat the tariffs" instead of passing the costs onto customers. He even threatened to keep an eye on the situation, hinting that...
Nike, a major player in the sportswear industry, saw its stock price dip after a recent announcement. The company warned that its sales might take a hit in the current quarter. This news came as part of Nike's efforts to turn things around and deal with new tariffs. The company's Chief Financial Officer, Matt Friend, shared that sales are expected to drop by a perce...
Bitcoin is becoming a hot topic among big companies. The White House recently hinted at a government-backed bitcoin reserve, which could be a game-changer for how corporations view digital assets. This isn't just about a few companies dabbling in bitcoin; some are making significant investments. Riot Platforms, Coinbase, and Block are already on board. MicroStrategy...