Articles by Jace Dela Cruz


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Donald Trump's Social Media Deal Greenlighted by SEC — And It Could Make Him a Fortune
The US Securities and Exchange Commission (SEC) has given the green light for former President Donald Trump's media and technology firm to merge with the blank-check acquisition company Digital World Acquisition Corp.
Pfizer Agrees to Pay $93 Million to Settle Lipitor Cholesterol Drug Antitrust Lawsuit
Pfizer has agreed to pay $93 million to resolve antitrust claims by wholesale drug distributors accusing the pharmaceutical giant of conspiring with India's Ranbaxy Laboratories to delay the sales of cheaper versions of the cholesterol drug Lipitor.
Ford CEO Jim Farley Urges Wall Street to Forget Tesla, Says Ford's 'Pro' Business Is the Auto Industry's Future
Ford Motor CEO Jim Farley told investors on Thursday to forget about Tesla and touted the company's "Pro" fleet business as the future of the automotive industry.
Toast Joins Wave of Tech Layoffs as It Cuts 10% of Its Workforce
Toast announced on Thursday its decision to cut its workforce by 10%, resulting in the termination of 550 employees.
Valentine's Day 2024: Dating App Market Is Losing Steam as Users' Interest Seems to Be Waning
Valentine's Day 2024 is not stirring up as much romance in the dating app market as it used to be.
Russia's Vladimir Putin Says Russian Scientists Are Close to Creating Cancer Vaccines
Russia's President Vladimir Putin announced on Wednesday that Russian scientists are on the verge of developing vaccines for cancer, which could soon be available to patients.
Microsoft Catches Hackers From Russia, China, North Korea, Iran Using OpenAI Tools to Improve Their Cyberattacks
Microsoft revealed on Wednesday that state-backed hackers from Russia, China, North Korea, and Iran have been using tools provided by its partner OpenAI to enhance their hacking techniques and deceive their targets.
Joe Biden Is Cutting 18% of Pentagon's F-35 Jet Order in 2025 Budget Request: Report
President Joe Biden reportedly wants to cut the number of F-35 jets the Pentagon will buy next year.
Elon Musk's Rocket Company SpaceX Changes Location of Incorporation From Delaware to Texas
Elon Musk's rocket company, SpaceX, has changed the location of its business incorporation from Delaware to Texas.
Uber Unveils First-Ever $7 Billion Share Buyback After Strong Recovery in Ride-Share Revenue
Uber Technologies has announced its plan to repurchase up to $7 billion worth of company shares. Uber Technologies announced on Wednesday its plan to repurchase up to $7 billion worth of company shares.
Nvidia Becomes Third-Largest US Company After Beating Google's Alphabet in Market Cap
Nvidia surpassed Google's parent company, Alphabet, in market capitalization, securing its position as the third-largest company in the US.
Hunter Biden's Ex-Associate Says Joe Biden Is Involved in Family's Foreign Business Dealings and Has 'Receipts' to Prove It
A former business partner of Hunter Biden said during closed-door testimony on Tuesday before the House Oversight and Judiciary committees that he "has the receipts" to prove President Joe Biden's involvement in his family's business dealings.
Microsoft Creates the 'World's First Floating Xbox Controller' to Celebrate 'Dune: Part Two'
Microsoft has created the "world's first floating Xbox controller" in celebration of the release of "Dune: Part Two" on March 1, alongside a special edition Xbox Series S console.
OpenAI Scores Big Win in Court After Sarah Silverman's Copyright Lawsuit Is Partially Dismissed
A copyright lawsuit against OpenAI filed by a group of authors, including comedian Sarah Silverman, who alleged that ChatGPT is pirating their work, was partially dismissed by a California court.
Elon Musk's X Sued by Its San Francisco HQ Landlord for $13.6 Million, While SpaceX Fined After a Worker Accident
Elon Musk's X, formerly known as Twitter, is facing a lawsuit from the landlord of its San Francisco headquarters who seeks $13.6 million to refill a line of credit after the company allegedly failed to pay rent.
Paramount Global Is Laying Off About 800 Workers: Report
As the media firm looks for ways to cut costs and increase earnings this year, Paramount Global is reportedly laying off approximately 800 employees, or about 3% of its workforce.
Former Ron DeSantis Wall Street Fundraiser Shifts Focus to Donald Trump's Campaign, Aiming to Raise Over $3 Million
Former Wall Street executive Omeed Malik, known for his involvement in fundraising for Florida Governor Ron DeSantis, is now redirecting his efforts towards supporting former President Donald Trump's presidential campaign.
Bitcoin Money Launderer, Who Used Fake Churches as False Fronts in Romance Scams, Ordered to Pay Over $3.5M to Elderly Victims
Bitcoin money launderer Ian Freeman has been ordered to pay over $3.5 million in restitution to 29 primarily elderly victims.
Elon Musk Doubted Ukraine's Ability to Win Its War With Russia, Says 'There Is No Way in Hell' Vladimir Putin Could Lose
Tech billionaire Elon Musk has doubted Ukraine's ability to win its war with Russia as he believes that Russian President Vladimir Putin would not lose the battle.
Joe Biden Keeps Donald Trump's China Tariffs Despite Clashing on Many Policy Issues: Here's Why
President Joe Biden has retained the tariffs on imports from China that were imposed during the administration of former President Donald Trump.
EU Takes First Step to Use Frozen Assets of Russia to Rebuild Ukraine
The European Union (EU) has taken a significant step to support Ukraine by adopting a law to allocate windfall profits on frozen Russian central bank assets for rebuilding the war-struck country.
Uber, Lyft, DoorDash Drivers to Hold Nationwide Strike on Valentine's Day to Demand Better Pay
Thousands of Uber, Lyft, and DoorDash drivers are gearing up for a nationwide strike on Valentine's Day to demand fair pay.
Tiger Woods Signs New Deal With TaylorMade Golf After His Split With Nike
Tiger Woods has entered a new partnership with TaylorMade Golf following his recent separation with Nike.
LG Chem Signs Deal With GM to Build $3 Billion EV Battery Cathode Factory — the Largest of Its Kind in the US
LG Chem has entered into an agreement with General Motors (GM), which includes a plan to build a massive battery cathode factory in Tennessee.
Genetic Testing Company 23andMe Is Facing More Than 30 Lawsuits: Here's What to Know
Genetic testing and biotechnology company 23andMe is facing numerous challenges, including more than 30 lawsuits.
Donald Trump Earned Joe Biden, Western Leaders' Ire After Saying He'd Let Russia Attack NATO Countries Not Paying Enough
President Joe Biden and other top Western officials have lambasted former President Donald Trump after he suggested that the US may not protect NATO allies who are not spending enough on defense from a potential Russian invasion.
Elon Musk Brings 3-Year-Old Son to the Super Bowl Hours After Judge Orders Him to Testify in SEC's Twitter Probe
A federal judge in California has ordered tech billionaire Elon Musk to testify again in the US Securities and Exchange Commission's (SEC) investigation of his $44 billion takeover of Twitter.
Joe Biden Calls on Snack Companies to 'Put a Stop' to Shrinkflation Ahead of Super Bowl
President Joe Biden has voiced his concern over "shrinkflation," a business practice that involves cutting product sizes while keeping prices the same.
Jeff Bezos Sells Nearly 12 Million Amazon Shares Worth Over $2 Billion
Amazon founder Jeff Bezos has disclosed his sale of nearly 12 million shares of the company's stock, amounting to a massive value of over $2 billion.
Jeff Bezos Net Worth 2024: Amazon Founder Is Only $5 Billion Away From Dethroning Elon Musk as the World's Richest Person
What is Jeff Bezos' net worth? The Amazon founder is on the verge of surpassing tech billionaire Elon Musk as the world's wealthiest person.
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