FedEx Corp. has announced its intention to spin off its FedEx Freight unit into a separate company, creating the largest publicly traded less-than-truckload carrier in North America. The decision was made after an assessment of the role FedEx Freight plays in the company’s broader portfolio. The separation is expected to preserve operational synergies between both … Read more
Spotify has fired back at claims made by Drake in a legal filing last month that Kendrick Lamar’s Not Like Us was “artificially inflated”. The streaming giant responded to Drake’s allegations, which accused Universal Music Group of artificially boosting streaming numbers for the diss track. Drake’s petition claimed that UMG used bots and other methods … Read more
Nike’s new CEO, Elliott Hill, has outlined three key areas of focus to revamp the struggling sports giant. Two months into his tenure, Hill is working hard to address mistakes made in recent years. The company’s lackluster sales and direct-to-consumer push have led to a 36% decline in its stock value over the past year. … Read more
SZA has finally released her long-awaited album “Lana” after a significant delay, featuring collaborations with Kendrick Lamar, Lil Yachty, and Benny Blanco. Fans have been waiting patiently for this release since the initial announcement. The Talk has come to an end after 15 years on television. The show’s hosts bid farewell to their audience, expressing … Read more
Rwanda has declared the end of its Marburg virus outbreak, following the recovery of the last patient 42 days ago. According to Health Minister Sabin Nsanzimana, this marks the end of the outbreak as per World Health Organization guidelines. The East African country reported 66 confirmed cases and 15 deaths since mid-September, with 51 recoveries. … Read more
Greenland’s ice sheet is experiencing rapid thinning, with significant implications for global sea levels and weather patterns. A recent study using satellite data from CryoSat-2 and ICESat-2 has revealed the extent of this thinning, which is critical for understanding and adapting to climate change. The ice sheet thinned by an average of 1.2 meters between … Read more
CNBC Investing Club with Jim Cramer held a “Morning Meeting” livestream on Friday, where the market made a significant turnaround after a week of selling pressure. The Dow jumped over 750 points or 1.8% in the afternoon session. Jim Cramer’s team took advantage of the market’s weakness to buy more CrowdStrike and Goldman Sachs. They … Read more
Delivery workers who deliver Amazon packages are striking in New York City, Illinois, California, and Atlanta after refusing to engage in bargaining for a labor contract with the company. The International Brotherhood of Teamsters has been organizing the workers, but Amazon does not recognize their efforts. The striking workers, primarily delivery drivers, are demanding better … Read more
The long-running daytime talk show “The Talk” ended its 15-season run on December 20, with the emotional finale bringing tears to the eyes of cohost Amanda Kloots. Joining her for the final time were fellow cohosts Sheryl Underwood, Natalie Morales, Jerry O’Connell, and Akbar Gbajabiamila. As the group took their seats, Kloots got choked up … Read more
Shares of Trump Media and Technology Group fell sharply in midday trading Friday as President-elect Donald Trump transferred his nearly 115 million shares worth around $4 billion into a revocable trust. The move was made as a “bona fide gift” to the Donald J. Trump Revocable Trust, where Donald Trump Jr. serves as the sole … Read more