Business

US Steel, Nippon Steel Announce $11 Billion Investment Over 3 Years

U.S. Steel announced a $14 billion plan with Nippon Steel to modernize and expand operations to boost growth and competitiveness in the steel industry.

Kimberly-Clark to Buy Tylenol Parent Kenvue in $48.7 Billion Deal

Kimberly-Clark will buy Tylenol and Band-Aid maker Kenvue for $48.7 billion, creating a massive consumer staples powerhouse.
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US Oil Industry Braces for Lower Prices in 2026

The price of crude oil has fallen sharply this year, and the energy industry is bracing for lower prices in 2026.

Ben & Jerry’s Co-Founder Says Unilever Blocked Palestinian-Themed Ice Cream

Ben & Jerry’s was blocked by Unilever from creating a Palestinian-themed ice cream, the company’s co-founder, Ben Cohen, said in a video post on Instagram.

Government Shutdown Could Cost US Economy $14 Billion: CBO

The government shutdown could cost the U.S. economy up to $14 billion, a new analysis by the CBO said on Oct. 29.

Nvidia Becomes First Company Ever to Cross $5 Trillion Market Cap

Shares of chip titan Nvidia jumped about 5 percent on Oct. 29, making it the first company to achieve a $5 trillion market cap milestone.

Elon Musk Launches AI-Powered Grokipedia as Rival to Wikipedia

On Oct. 28 Elon Musk launched Grokipedia, an open-source, AI-powered encyclopedia serving as an alternative to Wikipedia.

Amazon to Cut 14,000 Corporate Jobs Amid AI Push

Amazon is cutting about 14,000 corporate jobs to streamline management, reduce bureaucracy, and focus more on AI and other key priorities.