Industry

Amtrak CEO Stephen Gardner resigns after Elon Musk's criticism, sparking debates over privatization and the future of US passenger rail.

Amazon sues the US safety agency over a ruling holding it responsible for third-party product recalls.

Frontier Airlines offers free checked bags to attract Southwest passengers upset over the airline's new baggage fees.

Google acquires cybersecurity startup Wiz for $32B, its largest deal yet, aiming to strengthen cloud security amid rising AI-driven cyber threats.

ixue Bingcheng surpasses Starbucks and McDonald's to become the largest food and beverage chain globally.

Treasury Secretary Scott Bessent says a financial crisis was inevitable without intervention, as Trump's policies aim to stabilize the economy.

Consumer confidence drops as Trump's tariffs and market instability raise concerns about the economy's future.

California transit workers' strike continues as union rejects VTA's offer, amid legal battles and state intervention efforts.

Dollar General plans to close nearly 100 stores as part of a strategy to streamline operations and adapt to shifting market conditions.

Apple and Meta face potential EU fines for not complying with the Digital Markets Act, aimed at limiting their market dominance.

CoreWeave secures an $11.9B contract with OpenAI ahead of its 2025 IPO, boosting its market position in AI infrastructure.

Trump acknowledges economic challenges and the need for time to see benefits from his tariff policies.

Trump signs executive order to establish a US Bitcoin Reserve, marking a key step in crypto's mainstream adoption.

Paramount's $8B merger with Skydance moves forward, but a rival bid may still challenge the deal after a judge's ruling.

Stephen Gardner to Exit as Amtrak CEO After Elon Musk's Criticism of Rail Service