Layoffs Plague the Mortgage Industry Nationwide, Interest Rates Rise
Since the Fed has raised interest rates, the number of mortgage refinance applications has declined, which led a number of mortgage companies to cut employees.
Company & Industry Overviews
Delta's Non-Unionized Flight Attendants Fight for Change
Delta Airlines employees are pushing for unionization. Here’s what the workers are demanding and what Delta will give them.
Why Robinhood Is Laying Off 9 Percent of Its Employees
Robinhood CEO Vlad Tenev has announced the company is letting go of about 9 percent of staff. Why has the online brokerage laid off employees?
Is Microsoft’s GitHub Open Source? No, and Here's Why It Isn't
Many people get confused when trying to figure out whether Microsoft-owned developer platform GitHub is open source or not. It isn't and here's why.
Will Amazon Acquire Future Retail After Its Indian Competitor Drops It?
The battle over the Indian retail market continues. Will Amazon finally acquire Future Retail now that competitor Mukesh Ambani has stepped back?
Who Owns Hit Social App BeReal, and How It’s Funded
The BeReal app has become a major hit with college students. How does it make money? Does the company have publicly traded stock?
What ‘Big Short’ Winner Michael Burry Said About Tesla's Future
Michael Burry, the hedge fund manager and investor known for profiting off the subprime mortgage crisis, tweeted that Tesla will soon suffer from competition like Netflix.
Who Owns Apollo Global Management? New Owners of AOL and Yahoo
Apollo Global Management is a private equity firm that bought AOL and Yahoo from Verizon. Now, the firm is eyeing Twitter. Get to know the firm's partners Leon Black, Joshua Harris, and Marc Rowan.
Customers Rage as Smart Home Company Insteon Shuts Down Services Abruptly
What happened to Insteon? The smart home technology company shut down its services abruptly on April 15, angering customers.
Disney World’s Daily Revenue Is Anything but Mickey Mouse
Disney's amusement park segment rakes in a ton of cash. How much money does Disney World make per day?
Range and Charging Time Remain Hurdles for eVTOL Companies
eVTOL battery problems pose major hurdles for commercially viable flying taxis because of range and charging time concerns.
Amazon Warehouse Injury Rates Were Double Those of Rivals in 2021
Amazon's serious injury rates among warehouse workers increased in 2021 and were double those of all other warehouse companies. What's causing the high injury rates?
After April 16, There Will Be Only Three Kmarts Left in the U.S.
Kmart, once a retail empire, seems to have become nonexistent these days. Here’s why.
The HomeTown Buffet Chain Closed for Good During the Pandemic
Why did HomeTown Buffet close? Here's what happened to HomeTown Buffet and other once-popular buffet brands.
What Is a Hostile Takeover Exactly? Here Are a Few Famous Examples
Many interested in the recent Twitter upheaval are wondering what a hostile takeover is. Here are some famous examples of hostile takeovers and how they played out.
Why WarnerMedia Executives Left Discovery Ahead of Its $43 Billion Merger
Ahead of the $43 billion WarnerMedia and Discovery merger, nine senior executives resigned. What happened and why did the executives resign?
Elon Musk Is Now Twitter's Largest Outside Shareholder
Recent reports reveal that Tesla founder Elon Musk has more stake in Twitter than previously thought. Does Elon Musk own Twitter now?
Blue Origin Has Started “Making Hundreds of Millions” Annually, CEO Bob Smith Said
Does Blue Origin make money? With another crewed New Shepard mission successfully launched, learn more about the Jeff Bezos company’s revenue.
SeaWorld Isn't Going Out of Business — Update on Unpaid Rent Status
SeaWorld San Diego has defaulted on its deferred rent and could be facing serious repercussions for doing so. Is SeaWorld going out of business?
VinFast Has a New CEO, Announces First North American EV Factory
VinFast has decided to make North Carolina the home for its first North American EV factory. What does VinFast's new CEO think of the choice?
Overstock Has Been Weakening on the Stock Market Amid Controversial Headlines
Online retailer Overstock.com saw rapid success after launching in 1999. Who owns the company?
Complexity Gaming Announces Multi-Year Sponsorship Deal With Lenovo
Who owns Complexity Gaming? Learn more about the esports organization now that it has a new multi-year sponsorship agreement with Lenovo.
SOURCE Global Isn’t Publicly Traded, but Its Tech Will Be in High Demand
Bill Gates has invested in SOURCE Global, a company that creates hydropanels. Does SOURCE have stock, and is it publicly traded?
JCPenney Used to Sell Major Home Appliances — Selection Is Limited Now
Appliances used to be a huge part of the JCPenney shopping experience. After so many years, does the retailer still sell home appliances?
As a Free Messaging Service, How Does WhatsApp Make Money?
Millions of people use WhatsApp every day. However, given that it's free, how does WhatsApp make money?
Who Owns Conservative Media Company and Website The Daily Wire?
Who owns the conservative media company The Daily Wire? The company is making headlines for its protest against razor company Harry's.
Investors Are Calling for CEO Jonah Peretti To Shut Down BuzzFeed's Newsroom—Will He Do It?
BuzzFeed is experiencing a revenue loss in its newsroom and pressure from investors to shut down. Will BuzzFeed survive?
What Causes Pencil Shortages? The Kids Are Alright—It’s the Adults To Blame
In 2016, there was a global pencil shortage due to a surge in adult coloring. Will pencils be hard to come by again in 2022?
Berkshire Hathaway Acquires Alleghany — Details on the $11.6 Billion Deal
Warren Buffett’s Berkshire Hathaway has scooped up Alleghany Corporation in a deal worth $11.6 billion. Here’s what to know about the transaction.
AMC Invests in Gold and Silver Mining: What It Means for Retail Investors
AMC Theatres announced it invested big time in gold and silver mining. What does this mean for the company and AMC investors? Here's what we know about the stake.
Is Kyash Legit? All About the Japanese Block-Backed Fintech Company
Japanese fintech company Kyash just got some big-name backers. Is the platform legit for its users? Here's what we know about the backers, features, and availability.
GE CEO Larry Culp Cuts Compensation to Appease Shareholders
Shareholders thought GE CEO Larry Culp was making too much money, so he’s agreed to cut his compensation this year.
How Nordstrom Became a Global Fashion Retail Company
Nordstrom has become one of the biggest companies in the fashion industry, selling a variety of clothing products. Who owns Nordstrom?
Netflix May Charge Fees for Sharing Account Info Between Households
Netflix members aren't supposed to share their login credentials with anyone outside of their household. The company might start charging fees for sharing login information with others..
Is There a Rubber Shortage? Products Made of the Material Are Hard To Come By
Consumers the world are finding some products difficult to find. Is there a rubber shortage as well?
Aldi and Trader Joe's Relationship Can Be Confusing
Aldi and Trader Joe's are two of the biggest grocery store chains in the U.S. and Europe. Does Aldi own Trader Joe's?
Say Goodbye to Starbucks’s Disposable Cups—They'll Soon Be Phased Out
Starbucks's disposable cups have become a contributor to a serious environmental issue. So, when will Starbucks say goodbye to its disposable cups?
Amazon-MGM Deal Seeks FTC Go-Ahead After EU Approval
Amazon wants to acquire Hollywood studio MGM, but U.S. regulators still have approve it. When will the Amazon-MGM deal close?
Bed Bath & Beyond on Track to Finish Closing 200 Stores This Year
Why is Bed Bath & Beyond closing stores? Here's what CEO Mark Tritton says about the 37 locations in the U.S. closing this year.
How Did Electric Last Mile (ELMS) Stock End Up in Delisting Territory?
On the surface, Electric Last Mile (ELMS) stock seemed like a stellar bet. However, the latest developments have put ELMS stock in delisting territory.
Why Is the Price of Oil Dropping? Lower Demand and Geopolitical Changes
Why is the price of oil dropping? Key oil benchmarks dropped this week after increasing for weeks. Updates in China and Russia might be having an impact.
Lyft and Uber Impose Temporary Surcharges to Account for Gas Prices
Lyft and Uber drivers were losing money due to high gas prices — until the gig-worker-dependent companies added a new surcharge to compensate.
Wayfair Is Making Its Biggest Bet on Physical Retail Yet
People searching for furniture and home goods often come across Wayfair's website. Does the retailer have physical stores?
Who Owns Uber and Lyft, the Top Rideshare Providers in the U.S.?
Uber and Lyft hold a tight grip on the U.S. market. Who owns the rideshare providers?
How Mike Cessario Went From Punk Rock Musician to CEO of Liquid Death
Liquid Death, the water company telling you to "Murder Your Thirst," is valued at several millions of dollars. Who are Liquid Death's owners?
How Secure Is WhatsApp? App Faces Scrutiny for Its Security Measures
Millions of people use WhatsApp. Although the app is popular with widespread usage, people are worried about its security. Can WhatsApp be traced or tapped?
Was There Insider Trading Before the Activision Blizzard-Microsoft Deal?
The U.S. DOJ is investigating insiders who traded options ahead of the Activision Blizzard-Microsoft merger agreement. Was it illicit or just good timing?
Yale Professor Shares 'Naughty or Nice' List — Where Companies Stand on Russia
Yale professor Jeffrey Sonnenfeld shared a spreadsheet of nearly 300 companies stopping operations in Russia and applauded the decision. Here's the "naughty-or-nice" list.
The List of Companies Leaving Russia Continues to Grow as McDonald's Closes All Russian Stores
Companies continue to leave and boycott Russia firms. BP and Shell are divesting Russian investments and joint endeavors. The pressure keeps mounting on Putin.
Bed Bath & Beyond Is Publicly Traded, Has Dozens of Owners Including Ryan Cohen
As a publicly traded company, Bed Bath & Beyond has dozens of owners including GameStop chairman, Ryan Cohen. Let's see who owns part of the company.