Articles by Jace Dela Cruz


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Levi Strauss Beats Forecasts With Quarterly Earnings Report
Levi Strauss & Co. has announced its intention to cut 10% to 15% of its global corporate jobs. Levi Strauss & Co. has announced its intention to cut 10% to 15% of its global corporate jobs under the leadership of incoming CEO Michelle Gass, alongside a cautious fiscal outlook for the year, according to Reuters.
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Paramount CEO Bob Bakish announced job cuts, joining an industry trend of layoffs. Paramount CEO Bob Bakish announced staff layoffs on Thursday as part of a strategic effort to operate more efficiently and reduce expenses, according to a report by CNBC.
Joe Biden Touts Obamacare Sign-Ups Hitting Record 21.3 Million as Donald Trump Vows Repeal
President Joe Biden has praised the announcement that 21.3 million people have now signed up for 2024 Obamacare health insurance plans.
Russian Investor Reportedly Made Millions From Insider Trading Linked to Donald Trump Media Company
A Russian-American businessman has been accused of making millions from alleged insider trading involving the media company of former President Donald Trump.
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Saudi Arabia has opened its first liquor store in over 70 years, marking a significant departure from its conservative traditions.
Uranium Prices Could Soar to Historical Highs as the World’s Largest Producer Warns of Production Shortfall
The world's largest uranium producer, Kazatomprom, is anticipating production issues over the next two years, which can trigger a price rise in uranium.
China Unveils New Strategy to Turn Hi-Tech Lab Innovations Into Globally Competitive Products
China has introduced a new strategy to transform domestic innovations into commercial products that can compete in the global market.
Binance Founder Changpeng Zhao Denied Travel to UAE Again Despite $4.5 Billion Equity as Security Offering
The request of Binance founder Changpeng Zhao to travel to the United Arab Emirates (UAE) was rejected again by a federal judge in Seattle.
Microsoft Market Cap Crosses $3 Trillion, Briefly Surpasses Apple
Microsoft briefly achieved a market capitalization exceeding $3 trillion during intraday trading on Wednesday.
Want to Be a Billionaire? Here Are 3 Legal Ways to Become One
Being a billionaire is probably everyone's ultimate goal. So, here's how to make billions of dollars.
NATO Signs $1.2 Billion Contract for 155mm Artillery Ammunition to Boost Ukraine's Depleted Supplies
NATO has signed a $1.2 billion contract for thousands of artillery shells, some of which will be delivered to Ukraine after it complained of ammunition shortages amid war with Russia.
Chick-fil-A Customers Eligible for $4.4M Lawsuit Settlement Urged to Act Quickly as Deadline Nears
Chick-fil-A customers eligible for a $29.95 gift card as part of a $4.4 million lawsuit settlement are urged to act swiftly as the deadline approaches.
Here's Why EU's Confiscation of Russian Central Bank Assets Is Highly Unlikely
The European Union (EU) is unlikely to seize the frozen assets of the Russian central bank in Europe, according to senior EU officials.
Warren Buffett–Backed BYD Beats Volkswagen as China’s Biggest Carmaker
Warren Buffett-backed BYD has seized the top position in China's car market, ending Volkswagen's 15-year reign.
Mega Millions Jackpot Climbed to Eye-Popping Numbers | Did Anybody Win in Tuesday's $262 Million Drawing?
Here are the Mega Millions winning numbers for the drawing on Tuesday night, when the jackpot climbed to $262 million.
eBay to Axe About 1,000 Jobs or 9% of Full-Time Workforce in Latest Round of Layoffs
EBay announced on Tuesday its plans to cut 9% of its workforce, which is equal to around 1,000 full-time jobs.
Russia Orders Apple to Pay $13.6 Million Fine for Alleged App Market Abuse
US tech giant Apple has paid a fine of $13.65 million imposed by Russia's FAS antitrust agency for the company's alleged abuse of its dominant market position concerning in-app payments.
China Moves to Strengthen Chinese Yuan as Stock Markets Plunge: Report
China's state-owned banks have reportedly interfered to prevent the Chinese yuan from falling quickly.
BioNTech Embarks on Breast Cancer Precision Drug Late-Stage Trial, Challenging AstraZeneca
BioNTech and its partner Duality Biologics have launched a late-stage trial to test their precision drug against a specific type of breast cancer, challenging a rival partnership between AstraZeneca and Daiichi Sankyo.
Donald Trump-Linked Stocks Rise After Ron DeSantis Drops Out of 2024 Presidential Race
Some stocks linked to former President Donald Trump have soared after Florida Governor Ron DeSantis ended his 2024 presidential bid.
Apple Vision Pro Sold Out After Preorders, But Demand Could Quickly Fizzle Out, Top Analyst Warns
A top Apple analyst warned that Apple Vision Pro, which immediately sold out after preorders opened Friday, could face a downturn in demand.
Wilson Tennis Rackets Maker Amer Sports Eyes up to $8.7 Billion Valuation in US IPO
Amer Sports, the maker of Wilson tennis rackets, is targeting an up to $8.7 billion valuation for its upcoming US initial public offering (IPO).
Vertical Aerospace Founder Invests $50 Million to Prevent the Flying Taxi Firm From Running Out of Cash
Vertical Aerospace has secured new funding from its founder Stephen Fitzpatrick, who will invest $50 million to ensure that the flying taxi firm will still have cash until later this year.
Macy's Ditches $5.8 Billion Takeover Bid After Investor Arkhouse Threatens to Take Offer Directly to Shareholders
Macy's has rejected a $5.8 billion offer from Arkhouse Management and partner Brigade Capital Management to take over the retailer.
West in Danger of Losing $288 Billion if It Confiscates Frozen Russian Assets to Help Rebuild Ukraine: Report
Russia's state-owned news agency RIA said the West could lose $288 billion if they decide to confiscate frozen Russian assets to help rebuild Ukraine.
Russia's Vladimir Putin on Hunt for Property of Russian Empire, Soviet Union — Here’s Why
Russia's President Vladimir Putin has initiated a search for properties that once belonged to its former empire or were previously owned by the Soviet Union.
Joe Biden Announces Another Student Loan Cancelation for 74,000 Borrowers: Here's Who Qualifies
President Joe Biden has announced an additional $5 billion in debt cancelation for some 74,000 student loan borrowers.
Elon Musk Refutes xAI $500 Million Funding Report, Labels It 'Fake News'
Elon Musk took to social media to deny a report claiming that his AI startup, xAI, has secured $500 million in commitments from investors.
Billionaire Warren Buffett Tells Citigroup CEO Jane Fraser to Continue Overhaul: Report
Citigroup CEO Jane Fraser has received an encouraging nod from billionaire investor Warren Buffett to proceed with the bank's overhaul.
Microsoft Executive Emails Hacked by Elite Russian Hacking Group
In a regulatory filing, Microsoft disclosed that a Russian intelligence group accessed the email accounts of some of the software maker's top executives.
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