Palantir, known for its AI capabilities, saw its stock dip after a brief rally. The company, heavily involved in the defense industry, snagged a $401 million contract extension from the Army for its AI-powered Army Vantage platform. Analysts believe this contract could be worth up to $619 million.
In 2025, U. S. auto sales are projected to reach their highest point since 2019, according to industry experts. The reason? Lower interest rates and better affordability for new cars and trucks. Cox Automotive predicts around 16. 3 million new light-duty vehicles will be sold next year, slightly mor
Do you know that when Treasury yields go up, prices go down? Today, the 10-year Treasury note was barely changing, sitting around 4. 39%. Meanwhile, the 2-year Treasury note wasn't moving much either, hanging around 4. 21%. This happened right before the Federal Reserve makes its decision about inte
Kioxia, Japan's third-largest maker of flash memory products, had a successful first day of trading in Tokyo. Its shares rose by 10 percent, ending at ¥1, 601. This comes after a long and bumpy journey for the chipmaker, formerly known as Toshiba Memory. Six years ago, Bain Capital bought Kioxia fr
Grubhub has agreed to pay a hefty $25 million to settle a lawsuit with the Federal Trade Commission (FTC). The food delivery giant was accused of tricking customers and drivers, while also damaging the reputation of restaurants. So, what exactly did Grubhub do wrong? First off, they were hiding the
Picture this: you're about to board a Delta flight, excited for the movie selection, but bummer! Not all Delta 737-900ERs have screens. That's right, out of Delta's 163 737-900ERs, 33 former Lion Air planes are taking a rain check on in-flight entertainment. Back in 2021, Delta snapped up these plan
Imagine flying to California to change a company's future. That's what billionaire Junro Ito did. He's a big shot at Seven & i Holdings, the Japanese company behind 7-Eleven. He felt the company was losing its identity, so he headed to Claremont Graduate University in California. Why? To breathe new
Imagine a software company that makes life easier for landowners and developers. That's Mesa Land Services, and they're branching out to Mount Pleasant. With a $1. 3 million investment, they're ready to create 24 new jobs. Their specialty? Software that speeds up and simplifies the utility easement
A rule that would require small businesses to share ownership details with the government has been put on pause. This rule is part of the Corporate Transparency Act (CTA), passed in 2021, to fight money laundering. A federal court in Texas stopped the rule's enforcement due to concerns about its con
Databricks recently raised a massive $10 billion in funding. Investors are curious about the company's IPO plans. CEO Ali Ghodsi explained why he's holding off until at least 2025. He wants stability and thinks 2024 is too uncertain. This year was an election year, and people are worried about inter
